Canadian Natural Resources Limited (TSE:CNQ) Director Buys C$43,760.71 in Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Director Stephen W. Laut acquired 414 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was acquired at an average cost of C$105.70 per share, for a total transaction of C$43,760.71.

Stephen W. Laut also recently made the following trade(s):

• On Monday, March 11th, Stephen W. Laut sold 2,935 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$97.20, for a total transaction of C$285,282.00.
• On Tuesday, February 6th, Stephen W. Laut sold 250 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$82.23, for a total value of C$20,557.50.

Canadian Natural Resources Stock Up 1.0 %

Canadian Natural Resources stock traded up C$1.10 during mid-day trading on Thursday, hitting C$108.53. The company had a trading volume of 12,399,786 shares, compared to its average volume of 6,508,816. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. Canadian Natural Resources Limited has a 1 year low of C$69.83 and a 1 year high of C$108.74. The business has a fifty day moving average of C$92.49 and a 200 day moving average of C$89.30. The stock has a market cap of C$116.13 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last issued its earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. The business had revenue of C$9.55 billion during the quarter, compared to analysts' expectations of C$9.04 billion. On average, sell-side analysts expect that Canadian Natural Resources Limited will post 7.3588277 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.87%. This is a boost from Canadian Natural Resources's previous quarterly dividend of $1.00. Canadian Natural Resources's payout ratio is 51.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CNQ shares. Evercore increased their target price on shares of Canadian Natural Resources from C$90.00 to C$105.00 and gave the company an "in-line" rating in a research report on Friday, March 1st. Scotiabank boosted their target price on Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a "sector perform" rating in a report on Friday, March 1st. Stifel Nicolaus lifted their price objective on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upped their target price on Canadian Natural Resources from C$102.00 to C$106.00 in a report on Monday, March 4th. Finally, Wells Fargo & Company reduced their price target on Canadian Natural Resources from C$95.00 to C$86.00 in a report on Thursday, December 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus price target of C$100.75.

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).