Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.50 and traded as high as $37.65. Canadian Natural Resources shares last traded at $37.42, with a volume of 5,292,200 shares.
A number of brokerages recently weighed in on CNQ. National Bank Financial upped their price target on shares of Canadian Natural Resources from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Canadian Natural Resources from C$44.00 to C$41.00 in a research report on Wednesday, September 11th. Royal Bank of Canada decreased their price target on shares of Canadian Natural Resources from C$45.00 to C$42.00 in a research report on Friday, October 18th. Raymond James reaffirmed an “outperform” rating and set a C$40.00 price target on shares of Canadian Natural Resources in a research report on Friday, November 8th. Finally, Tudor Pickering & Holt reaffirmed a “hold” rating on shares of Canadian Natural Resources in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$44.76.
The company has a debt-to-equity ratio of 69.97, a quick ratio of 0.40 and a current ratio of 0.60. The stock has a market cap of $42.83 billion and a price-to-earnings ratio of 11.08. The business’s fifty day simple moving average is C$35.50 and its 200 day simple moving average is C$34.50.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Wednesday, December 11th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.50 dividend on an annualized basis and a yield of 4.01%. Canadian Natural Resources’s dividend payout ratio is currently 43.27%.
In other Canadian Natural Resources news, Senior Officer Betty Yee sold 3,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$37.80, for a total value of C$132,300.00. Following the transaction, the insider now owns 80,980 shares in the company, valued at approximately C$3,061,044. Also, Senior Officer Scott Gerald Stauth sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$36.19, for a total transaction of C$904,762.50. Following the completion of the transaction, the insider now owns 49,221 shares in the company, valued at approximately C$1,781,332.60. Insiders sold a total of 148,770 shares of company stock worth $5,491,748 in the last quarter.
Canadian Natural Resources Company Profile (TSE:CNQ)
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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