Canadian Natural Resources (CNQ) Insider Ronald Keith Laing Sells 12,500 Shares of Stock

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) insider Ronald Keith Laing sold 12,500 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of C$45.90, for a total transaction of C$573,750.00.

CNQ opened at C$46.85 on Wednesday. Canadian Natural Resources has a fifty-two week low of C$35.90 and a fifty-two week high of C$47.56.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, March 1st. The company reported C$0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of C$5.01 billion for the quarter, compared to analyst estimates of C$4.57 billion.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 15th will be issued a $0.335 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.86%.

Several equities analysts have recently weighed in on CNQ shares. Barclays upped their price objective on shares of Canadian Natural Resources from C$44.00 to C$55.00 in a report on Monday, January 29th. Wells Fargo upped their price objective on shares of Canadian Natural Resources from C$43.00 to C$44.00 in a report on Thursday, April 12th. National Bank Financial dropped their price objective on shares of Canadian Natural Resources from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a report on Friday, May 4th. Royal Bank of Canada upped their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “top pick” rating in a report on Friday, March 2nd. Finally, Raymond James upped their target price on shares of Canadian Natural Resources from C$50.00 to C$60.00 in a report on Tuesday, April 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Canadian Natural Resources presently has an average rating of “Buy” and a consensus price target of C$53.93.

About Canadian Natural Resources

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

Insider Buying and Selling by Quarter for Canadian Natural Resources (TSE:CNQ)

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