Insider Selling: Canadian Natural Resources Limited (CNQ) Insider Sells 10,000 Shares of Stock
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Kendall W. Stagg sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$40.05, for a total transaction of C$400,500.00.
Canadian Natural Resources Limited (CNQ) opened at 40.18 on Friday. The stock has a market capitalization of $48.83 billion and a PE ratio of 28.86. Canadian Natural Resources Limited has a 52 week low of $35.90 and a 52 week high of $46.74. The firm has a 50 day moving average of $39.14 and a 200-day moving average of $40.44.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, September 14th.
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Several equities analysts recently weighed in on CNQ shares. Royal Bank Of Canada reaffirmed a “top pick” rating and set a C$59.00 target price on shares of Canadian Natural Resources Limited in a research note on Monday, June 5th. TD Securities raised their target price on shares of 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. Barclays PLC cut their target price on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research note on Thursday, July 6th. CIBC cut their target price on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research note on Thursday, July 20th. Finally, National Bank Financial raised their target price on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average 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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