Dwayne Frederick Giggs Sells 2,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40.

Canadian Natural Resources Stock Up 0.5 %

CNQ stock traded up C$0.24 during mid-day trading on Friday, reaching C$48.54. 1,517,083 shares of the company traded hands, compared to its average volume of 11,439,471. The stock has a market cap of C$103.39 billion, a price-to-earnings ratio of 13.76, a P/E/G 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 Limited has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The firm’s 50 day moving average price is C$47.35 and its 200 day moving average price is C$58.91.

Canadian Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 4.33%. Canadian Natural Resources’s dividend payout ratio is currently 60.97%.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of recent analyst reports. ATB Capital increased their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. CIBC raised their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Raymond James raised their target price on Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Finally, Gerdes Energy Research raised their target price on Canadian Natural Resources from C$53.00 to C$55.00 in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$74.31.

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).