Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.375 per share on Wednesday, January 1st. This represents a $1.50 annualized dividend and a yield of 3.86%. The ex-dividend date is Tuesday, December 10th.
Shares of CNQ stock opened at C$38.91 on Monday. The stock has a market cap of $46.02 billion and a P/E ratio of 11.53. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 69.97. Canadian Natural Resources has a fifty-two week low of C$30.01 and a fifty-two week high of C$42.56. The business has a fifty day simple moving average of C$35.76 and a 200-day simple moving average of C$34.51.
In other news, Senior Officer Pamela Anne Mcintyre sold 16,000 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$37.40, for a total transaction of C$598,400.00. Following the sale, the insider now owns 29,233 shares in the company, valued at C$1,093,314.20. Also, Senior Officer William Robert Peterson sold 22,500 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$37.09, for a total transaction of C$834,635.25. Following the sale, the insider now owns 83,098 shares in the company, valued at approximately C$3,082,512. Over the last 90 days, insiders sold 171,270 shares of company stock valued at $6,326,383.
A number of equities analysts have recently weighed in on the stock. Evercore cut their price objective on shares of Canadian Natural Resources from C$48.00 to C$42.00 in a research report on Thursday, October 10th. CSFB lowered their target price on shares of Canadian Natural Resources from C$50.00 to C$48.00 in a research note on Thursday, August 29th. National Bank Financial cut their price target on Canadian Natural Resources from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a report on Thursday. Raymond James set a C$40.00 price target on Canadian Natural Resources and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Securities raised their price objective on Canadian Natural Resources from C$41.00 to C$44.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Canadian Natural Resources has a consensus rating of “Buy” and a consensus price target of C$44.65.
Canadian Natural Resources Company Profile
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.
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