Canadian Natural Resources (CNQ) Insider Trevor James Cassidy Sells 12,000 Shares of Stock

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) insider Trevor James Cassidy sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of C$48.29, for a total transaction of C$579,480.00.

Shares of Canadian Natural Resources opened at C$47.27 on Wednesday, MarketBeat Ratings reports. Canadian Natural Resources has a one year low of C$35.90 and a one year high of C$48.73.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, March 1st. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.01. The firm had revenue of C$5.01 billion for the quarter, compared to analyst estimates of C$4.57 billion. Canadian Natural Resources had a return on equity of 5.04% and a net margin of 7.90%.



The business also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 15th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, June 14th.

CNQ has been the subject of a number of analyst reports. GMP Securities upped their price objective on shares of Canadian Natural Resources from C$56.00 to C$57.00 in a research report on Friday, May 4th. Raymond James upped their price objective on shares of Canadian Natural Resources from C$50.00 to C$60.00 in a research report on Tuesday, April 24th. CSFB upped their price objective on shares of Canadian Natural Resources from C$54.00 to C$59.00 in a research report on Friday, April 13th. Wells Fargo & Co upped their price objective on shares of Canadian Natural Resources from C$43.00 to C$44.00 in a research report on Thursday, April 12th. Finally, Barclays upped their price objective on shares of Canadian Natural Resources from C$44.00 to C$55.00 in a research report on Monday, January 29th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$53.86.

About Canadian Natural Resources

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.

Insider Buying and Selling by Quarter for Canadian Natural Resources (TSE:CNQ)

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