Stephen W. Laut Sells 6,400 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut sold 6,400 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00.

Canadian Natural Resources Stock Up 0.8 %

Shares of Canadian Natural Resources stock opened at C$48.71 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. Canadian Natural Resources Limited has a 52-week low of C$40.02 and a 52-week high of C$56.49. The company has a market capitalization of C$103.75 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a 50 day moving average of C$47.44 and a 200 day moving average of C$58.23.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.31%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 60.97%.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several recent analyst reports. National Bankshares upped their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Raymond James upped their price target on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. Finally, ATB Capital raised their target price on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$74.31.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).