Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 13,250 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Scott Gerald Stauth sold 13,250 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$102.32, for a total transaction of C$1,355,779.75.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$102.44 on Thursday. The company has a market capitalization of C$109.61 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.53 and a beta of 1.98. The firm’s 50 day simple moving average is C$90.11 and its 200 day simple moving average is C$88.58. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54. Canadian Natural Resources Limited has a fifty-two week low of C$69.83 and a fifty-two week high of C$103.10.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.20. The business had revenue of C$9.55 billion during the quarter, compared to analysts’ expectations of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 7.3588277 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a $1.05 dividend. The ex-dividend date is Thursday, March 14th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.10%. Canadian Natural Resources’s dividend payout ratio (DPR) is 51.54%.

Analyst Ratings Changes

Several research analysts recently issued reports on CNQ shares. Scotiabank upped their price target on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upped their target price on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Stifel Nicolaus upped their target price on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. BMO Capital Markets upped their target price on shares of Canadian Natural Resources from C$105.00 to C$110.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Desjardins cut their target price on shares of Canadian Natural Resources from C$105.00 to C$97.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of C$100.44.

About Canadian Natural Resources

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).