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Cardinal Energy Ltd. (TSE:CJ) Declares $0.06 Monthly Dividend

Cardinal Energy logo with Energy background

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 12.61%. The ex-dividend date is Wednesday, April 30th.

Cardinal Energy Trading Down 0.3 %

Shares of CJ stock traded down C$0.02 during mid-day trading on Friday, hitting C$5.71. 709,835 shares of the company's stock were exchanged, compared to its average volume of 775,006. The stock has a market cap of C$911.40 million, a price-to-earnings ratio of 8.82, a PEG ratio of -0.26 and a beta of 2.81. The stock has a 50-day simple moving average of C$6.04 and a two-hundred day simple moving average of C$6.33. Cardinal Energy has a fifty-two week low of C$4.64 and a fifty-two week high of C$7.19. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05.

Analyst Ratings Changes

A number of research firms have issued reports on CJ. Royal Bank of Canada raised Cardinal Energy from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$7.00 to C$7.50 in a research report on Thursday, April 17th. Atb Cap Markets lowered shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. Finally, CIBC cut their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th.

Check Out Our Latest Research Report on Cardinal Energy

Insider Buying and Selling at Cardinal Energy

In other news, Director M. Scott Ratushny acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were purchased at an average cost 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 the company's stock in a transaction on Monday, April 7th. The stock was purchased 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 insiders.

About Cardinal Energy

(Get Free Report)

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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Dividend History for Cardinal Energy (TSE:CJ)

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