Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Réal Michel Cusson purchased 15,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was acquired at an average price of C$36.78 per share, with a total value of C$551,700.00.
Réal Michel Cusson also recently made the following trade(s):
Shares of Canadian Natural Resources Limited (TSE:CNQ) opened at 43.04 on Tuesday. Canadian Natural Resources Limited has a 52-week low of $33.11 and a 52-week high of $46.74. The company’s 50-day moving average price is $40.25 and its 200-day moving average price is $41.69. The stock’s market cap is $47.89 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 17th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.56%. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 15th.
Several research analysts have recently weighed in on CNQ shares. Desjardins upgraded Canadian Natural Resources Limited from a “hold” rating to a “buy” rating in a research note on Friday, February 3rd. BMO Capital Markets boosted their price target on Canadian Natural Resources Limited from C$49.00 to C$52.00 in a research note on Wednesday, December 21st. Instinet boosted their price target on Canadian Natural Resources Limited from C$44.00 to C$48.00 and gave the stock a “buy” rating in a research note on Tuesday, December 13th. Scotiabank boosted their price target on Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Friday, March 10th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a C$51.00 price target on shares of Canadian Natural Resources Limited in a research note on Thursday, February 2nd. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$50.00.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.