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

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) declared a monthly dividend on Monday, June 30th, TickerTech Dividends reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.06 per share on Tuesday, July 15th. This represents a $0.72 annualized dividend and a yield of 10.68%. The ex-dividend date is Monday, June 30th.

Cardinal Energy Trading Down 1.0%

TSE:CJ traded down C$0.07 during trading hours on Tuesday, reaching C$6.74. 338,951 shares of the company were exchanged, compared to its average volume of 738,408. Cardinal Energy has a 52-week low of C$4.64 and a 52-week high of C$7.27. The stock has a 50 day simple moving average of C$6.33 and a 200 day simple moving average of C$6.31. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 10.42, a PEG ratio of -0.26 and a beta of 2.81.

Insider Buying and Selling

In other Cardinal Energy news, Director John Albert Brussa acquired 30,000 shares of the company's stock in a transaction on Monday, April 7th. The stock was acquired at an average price of C$5.42 per share, for a total transaction of C$162,600.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average price of C$5.00 per share, with a total value of C$50,000.00. In the last ninety days, insiders have purchased 96,925 shares of company stock valued at $560,050. 23.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. CIBC cut their price target on Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th. Royal Bank Of Canada raised shares of Cardinal Energy from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$7.00 to C$7.50 in a research report on Thursday, April 17th.

Cardinal Energy Company Profile

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.