Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Robin Sean Zabek Sells 19,000 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00.

Canadian Natural Resources Trading Up 1.6 %

TSE:CNQ traded up C$0.67 on Monday, reaching C$43.17. The company’s stock had a trading volume of 14,601,455 shares, compared to its average volume of 12,031,217. Canadian Natural Resources Limited has a 12-month low of C$40.02 and a 12-month high of C$56.49. The stock has a 50 day moving average price of C$47.26 and a 200 day moving average price of C$49.64. The firm has a market cap of C$91.95 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.86%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

Analysts Set New Price Targets

Several analysts recently commented on the company. National Bankshares boosted their price target on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. ATB Capital increased their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$71.94.

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).