Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) insider Trevor James Cassidy sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of C$48.29, for a total value of C$579,480.00.
Shares of Canadian Natural Resources opened at C$46.01 on Friday, Marketbeat Ratings reports. Canadian Natural Resources has a fifty-two week low of C$35.90 and a fifty-two week high of C$48.73.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, March 1st. The company reported C$0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.37 by C$0.01. The business had revenue of C$5.01 billion during the quarter, compared to analyst estimates of C$4.57 billion. Canadian Natural Resources had a return on equity of 5.04% and a net margin of 7.90%.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 15th will be issued a $0.335 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.34 annualized dividend and a dividend yield of 2.91%.
A number of research analysts have issued reports on the company. Raymond James boosted their price target on Canadian Natural Resources from C$50.00 to C$60.00 in a research report on Tuesday, April 24th. CSFB boosted their price target on Canadian Natural Resources from C$54.00 to C$59.00 in a research report on Friday, April 13th. GMP Securities boosted their price target on Canadian Natural Resources from C$56.00 to C$57.00 in a research report on Friday, May 4th. National Bank Financial reduced their price target on Canadian Natural Resources from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research report on Friday, May 4th. Finally, Wells Fargo & Co boosted their price target on Canadian Natural Resources from C$43.00 to C$44.00 in a research report on Thursday, April 12th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$53.86.
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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