Free Trial

Cardinal Energy (TSE:CJ) Hits New 1-Year Low After Analyst Downgrade

Cardinal Energy logo with Energy background

Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday after CIBC lowered their price target on the stock from C$8.00 to C$7.00. The company traded as low as C$4.64 and last traded at C$5.46, with a volume of 2274412 shares trading hands. The stock had previously closed at C$4.99.

CJ has been the subject of a number of other research reports. Atb Cap Markets cut 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 Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.

View Our Latest Analysis on CJ

Insider Activity

In related news, Director M. Scott Ratushny acquired 10,000 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of C$5.00 per share, with a total value of C$50,000.00. Also, Director John Albert Brussa purchased 30,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was bought at an average price of C$5.42 per share, for a total transaction of C$162,600.00. Corporate insiders own 23.38% of the company's stock.

Cardinal Energy Stock Performance

The stock has a 50 day simple moving average of C$6.19 and a 200 day simple moving average of C$6.38. The company has a market cap of C$865.11 million, a price-to-earnings ratio of 8.38, a PEG ratio of -0.26 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05.

Cardinal Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 13.28%. Cardinal Energy's dividend payout ratio (DPR) is 111.27%.

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.

Featured Stories

Should You Invest $1,000 in Cardinal Energy Right Now?

Before you consider Cardinal Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cardinal Energy wasn't on the list.

While Cardinal Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in May 2025
3 Stocks Offering Rare Generational Buying Opportunities
Make Your Money Work Harder: The Power of Dividend Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines