Erin Louise Lunn Sells 3,664 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Erin Louise Lunn sold 3,664 shares of the company's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total transaction of C$130,419.35.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded up C$1.79 during trading hours on Friday, reaching C$110.32. The stock had a trading volume of 7,808,474 shares, compared to its average volume of 6,528,288. The business's fifty day moving average is C$92.93 and its two-hundred day moving average is C$89.44. 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 company has a market cap of C$118.04 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.53 and a beta of 1.98. Canadian Natural Resources Limited has a twelve month low of C$69.83 and a twelve month high of C$110.35.

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 EPS for the quarter, beating analysts' consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. The business had revenue of C$9.55 billion during the quarter, compared to analyst estimates of C$9.04 billion. As a group, research analysts expect that Canadian Natural Resources Limited will post 7.4656696 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a dividend of $1.05 per share. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, March 14th. Canadian Natural Resources's dividend payout ratio is currently 51.54%.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several recent research reports. TD Securities boosted their price target on Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a "buy" rating in a research note on Friday, March 1st. ATB Capital upped their target price on Canadian Natural Resources from C$100.00 to C$107.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. upped their target price on Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. Scotiabank upped 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 research report on Friday, March 1st. Finally, Royal Bank of Canada upped their target price on Canadian Natural Resources from C$94.00 to C$100.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$100.75.

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).