Canadian Natural Resources Limited Declares Quarterly Dividend of $1.05 (TSE:CNQ)

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Monday, June 17th will be given a dividend of 1.05 per share on Friday, July 5th. This represents a $4.20 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Monday, June 17th.

Canadian Natural Resources Trading Down 0.4 %

Shares of CNQ traded down C$0.41 during midday trading on Friday, hitting C$101.98. The stock had a trading volume of 791,503 shares, compared to its average volume of 5,956,400. Canadian Natural Resources has a 1 year low of C$69.83 and a 1 year high of C$112.99. The firm has a market cap of C$109.12 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54. The stock’s 50 day moving average is C$102.09 and its 200 day moving average is C$92.30.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.20. The firm had revenue of C$9.55 billion for the quarter, compared to analysts’ expectations of C$9.04 billion. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. As a group, analysts forecast that Canadian Natural Resources will post 7.6092114 EPS for the current fiscal year.

Insiders Place Their Bets

In other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 3,750 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total transaction of C$366,058.88. In other news, Senior Officer Devin Craig Lowe sold 1,170 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$96.61, for a total value of C$113,033.70. Also, Senior Officer Calvin John Bast sold 3,750 shares of Canadian Natural Resources stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total value of C$366,058.88. Insiders sold 330,009 shares of company stock worth $32,364,302 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price target on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. TD Securities increased their price objective 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 Friday, March 1st. CIBC increased their price objective on shares of Canadian Natural Resources from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, ATB Capital increased their price objective on shares of Canadian Natural Resources from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$111.00.

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).