Cardinal Energy (TSE:CJ) Reaches New 1-Year High - Time to Buy?

Key Points

• Cardinal Energy Ltd. shares reached a new 52-week high of C$7.47, with a trading volume of 634,119 shares.
• The company announced a dividend of $0.06 per share, scheduled for payment on October 15th, with a high dividend payout ratio of 130.91%.
• Cardinal Energy has a market capitalization of C$1.20 billion and operates primarily in Alberta and Saskatchewan, focusing on oil acquisition and production.

Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$7.46 and last traded at C$7.47, with a volume of 634119 shares changing hands. The stock had previously closed at C$7.37.

Cardinal Energy Stock Performance

The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The stock's fifty day moving average price is C$7.20 and its 200-day moving average price is C$6.56. The company has a market capitalization of C$1.20 billion, a P/E ratio of 13.64, a PEG ratio of -0.26 and a beta of 0.69.

Cardinal Energy Announces Dividend

The company also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.06 dividend. This represents a dividend yield of 960.0%. The ex-dividend date of this dividend is Monday, September 29th. Cardinal Energy's dividend payout ratio is presently 130.91%.

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.