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

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) announced a monthly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date is Monday, June 30th.

Cardinal Energy Stock Up 0.7%

Shares of TSE CJ traded up C$0.05 during mid-day trading on Friday, reaching C$6.81. 410,272 shares of the company's stock were exchanged, compared to its average volume of 741,629. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 10.52, a PEG ratio of -0.26 and a beta of 2.81. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The business has a fifty day simple moving average of C$6.31 and a 200 day simple moving average of C$6.31. Cardinal Energy has a twelve month low of C$4.64 and a twelve month high of C$7.27.

Analysts Set New Price Targets

A number of research firms recently issued reports on CJ. CIBC decreased their price objective on Cardinal Energy from C$8.00 to C$7.00 in a report on Thursday, April 10th. Royal Bank Of Canada upgraded Cardinal Energy from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$7.00 to C$7.50 in a research note on Thursday, April 17th.

Insider Buying and Selling

In related news, Director M. Scott Ratushny acquired 10,000 shares of the company's stock in a transaction on Thursday, April 10th. The stock was purchased at an average cost of C$5.00 per share, with a total value of C$50,000.00. Also, Director John Festival acquired 50,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was bought at an average cost of C$6.10 per share, with a total value of C$305,000.00. In the last ninety days, insiders bought 96,925 shares of company stock valued at $560,050. Insiders own 23.38% of the company's stock.

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.

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