Cardinal Energy Ltd. (TSE:CJ - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.06 per share on Thursday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.54%. The ex-dividend date is Wednesday, April 30th.
Cardinal Energy Stock Down 5.7 %
CJ traded down C$0.35 during trading on Wednesday, hitting C$5.74. The company had a trading volume of 1,499,154 shares, compared to its average volume of 775,541. The company has a market capitalization of C$916.19 million, a PE ratio of 8.87, a PEG ratio of -0.26 and a beta of 2.81. Cardinal Energy has a one year low of C$4.64 and a one year high of C$7.19. The firm's 50-day moving average price is C$6.09 and its 200 day moving average price is C$6.34. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05.
Insider Buying and Selling
In related news, Director M. Scott Ratushny purchased 10,000 shares of Cardinal Energy stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of C$5.00 per share, for a total transaction of C$50,000.00. Also, Director John Albert Brussa purchased 30,000 shares of Cardinal Energy stock in a transaction on Monday, April 7th. The stock was bought at an average price of C$5.42 per share, for a total transaction of C$162,600.00. 23.38% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
CJ has been the topic of several research analyst reports. Royal Bank of Canada upgraded Cardinal Energy from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$7.00 to C$7.50 in a research note on Thursday, April 17th. BMO Capital Markets lifted their target price on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. CIBC reduced their target price on Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th. Finally, Atb Cap Markets downgraded Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th.
View Our Latest Research Report on Cardinal Energy
Cardinal Energy Company Profile
(
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Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
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