Canadian Natural Resource Ltd (CNQ) Insider Sells C$480,400.00 in Stock

Canadian Natural Resource Ltd (TSE:CNQ) (NYSE:CNQ) insider Corey B. Bieber sold 10,000 shares of the company’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of C$48.04, for a total transaction of C$480,400.00.

Shares of CNQ stock traded up C$0.48 during trading hours on Monday, hitting C$48.27. The company’s stock had a trading volume of 2,099,599 shares, compared to its average volume of 2,927,295. Canadian Natural Resource Ltd has a twelve month low of C$36.14 and a twelve month high of C$48.73.

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Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, May 3rd. The company reported C$0.79 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.07. The business had revenue of C$5.74 billion for the quarter, compared to analyst estimates of C$5.32 billion. Canadian Natural Resource had a net margin of 7.90% and a return on equity of 5.04%.

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 1st. Stockholders of record on Friday, June 15th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $1.34 annualized dividend and a dividend yield of 2.78%.

Several brokerages have weighed in on CNQ. Canaccord Genuity upped their target price on shares of Canadian Natural Resource from C$53.00 to C$54.00 in a research report on Monday, May 14th. CSFB upped their target price on shares of Canadian Natural Resource from C$54.00 to C$59.00 in a research report on Friday, April 13th. Raymond James lowered their target price on shares of Canadian Natural Resource from C$60.00 to C$59.00 in a research report on Tuesday, May 22nd. National Bank Financial lowered their target price on shares of Canadian Natural Resource from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a research report on Friday, May 4th. Finally, GMP Securities upped their target price on shares of Canadian Natural Resource from C$56.00 to C$57.00 in a research report on Friday, May 4th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$54.29.

Canadian Natural Resource Company Profile

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.