Canadian Natural Resources (TSE:CNQ) Shares Cross Above Two Hundred Day Moving Average of $92.30

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$92.30 and traded as high as C$103.97. Canadian Natural Resources shares last traded at C$102.39, with a volume of 1,964,114 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Scotiabank raised their price objective on Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a “sector perform” rating in a report on Friday, March 1st. Royal Bank of Canada upped their price objective on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. Desjardins cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$104.00 to C$110.00 in a research report on Tuesday, April 23rd. TD Securities upped their price target on shares of Canadian Natural Resources from C$112.00 to C$117.00 and gave the company a “buy” rating in a research report on Friday. Finally, CIBC raised their price objective on Canadian Natural Resources from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of C$111.47.

Canadian Natural Resources Trading Down 0.3 %

The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.54 and a current ratio of 0.96. The firm has a market capitalization of C$109.25 billion, a PE ratio of 13.67, a P/E/G ratio of 0.53 and a beta of 1.98. The stock’s 50-day simple moving average is C$102.37 and its 200-day simple moving average is C$92.37.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly 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 company had revenue of C$9.55 billion for the quarter, compared to analysts’ expectations of C$9.04 billion. As a group, sell-side analysts expect that Canadian Natural Resources Limited will post 7.6092114 EPS for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, June 17th. This represents a $4.20 annualized dividend and a dividend yield of 4.11%. Canadian Natural Resources’s dividend payout ratio is presently 51.54%.

Insider Buying and Selling

In other Canadian Natural Resources news, Senior Officer Calvin John Bast sold 3,750 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total transaction of C$366,058.88. In other news, Senior Officer Calvin John Bast sold 3,750 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$97.62, for a total transaction of C$366,058.88. Also, Director Norman Murray Edwards sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$97.66, for a total value of C$1,318,349.25. Insiders have sold a total of 330,009 shares of company stock valued at $32,364,302 over the last ninety days. Company insiders own 2.20% of the company’s stock.

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).