Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Betty Yee sold 1,000 shares of Canadian Natural Resources stock in a transaction on Friday, April 6th. The stock was sold at an average price of C$42.62, for a total transaction of C$42,620.00.
Shares of TSE CNQ opened at C$42.17 on Monday. Canadian Natural Resources Limited has a twelve month low of C$35.90 and a twelve month high of C$47.00.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, March 1st. The company reported C$0.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. Canadian Natural Resources had a net margin of 7.90% and a return on equity of 5.04%. The business had revenue of C$5.01 billion during the quarter, compared to the consensus estimate of C$4.57 billion.
The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Friday, March 16th were paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 15th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.28.
CNQ has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Canadian Natural Resources from C$41.00 to C$44.00 in a report on Thursday, December 21st. National Bank Financial lifted their price target on shares of Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Wells Fargo lifted their price target on shares of Canadian Natural Resources from C$52.00 to C$59.00 in a report on Thursday, January 11th. Eight Capital set a C$60.00 price target on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Royal Bank of Canada lifted their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “top pick” rating in a report on Friday, March 2nd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Canadian Natural Resources has a consensus rating of “Buy” and a consensus target price of C$53.77.
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Canadian Natural Resources Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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