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

Key Points

• Cardinal Energy Ltd. has announced a monthly dividend of C$0.06 per share, with a dividend yield of 9.78% based on an annualized amount of C$0.72.
• The company's stock recently opened at C$7.36 and has a market capitalization of C$1.17 billion, with analysts providing mixed price target adjustments.
• Insider ownership stands at 23.38%, which includes a recent purchase by Director John Festival of 6,925 shares at an average of C$6.13 per share.

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.06 per share on Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Thursday, July 31st.

Cardinal Energy Price Performance

Shares of TSE:CJ traded down C$0.15 during midday trading on Friday, reaching C$7.04. The company's stock had a trading volume of 692,432 shares, compared to its average volume of 717,288. The business's fifty day simple moving average is C$6.82 and its 200-day simple moving average is C$6.40. The company has a market capitalization of C$1.12 billion, a P/E ratio of 10.88, a P/E/G ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. Cardinal Energy has a fifty-two week low of C$4.64 and a fifty-two week high of C$7.46.

Analyst Upgrades and Downgrades

CJ has been the subject of a number of research reports. Royal Bank Of Canada upgraded Cardinal Energy from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$7.00 to C$7.50 in a report on Thursday, April 17th. CIBC reduced their price target on Cardinal Energy from C$8.00 to C$7.00 in a report on Thursday, April 10th.

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.