Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Allan E. Frankiw sold 1,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of C$39.32, for a total value of C$39,320.00.
Shares of Canadian Natural Resources Limited (TSE:CNQ) opened at 39.18 on Friday. The company has a 50 day moving average price of $38.92 and a 200-day moving average price of $40.40. The firm has a market cap of $47.61 billion and a P/E ratio of 28.15. Canadian Natural Resources Limited has a 52-week low of $35.90 and a 52-week high of $46.74.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.81%.
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Several analysts recently commented on CNQ shares. National Bank Financial raised their price objective on Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “top pick” rating and set a C$59.00 price objective on shares of Canadian Natural Resources Limited in a research note on Monday, June 5th. Barclays PLC dropped their price target on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research note on Thursday, July 6th. Canaccord Genuity lifted their price target on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Wednesday. Finally, TD Securities lifted their price target on Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$50.50.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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