Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$7.25 and last traded at C$7.25, with a volume of 482184 shares. The stock had previously closed at C$7.06.
Analyst Upgrades and Downgrades
CJ has been the subject of several analyst reports. CIBC reduced their price target 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 boosted their price target for the company from C$7.00 to C$7.50 in a research note on Thursday, April 17th.
Check Out Our Latest Analysis on Cardinal Energy
Cardinal Energy Price Performance
The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 11.16, a PEG ratio of -0.26 and a beta of 2.81. The stock's 50-day simple moving average is C$6.08 and its two-hundred day simple moving average is C$6.28. 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 Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend is Monday, June 30th. Cardinal Energy's dividend payout ratio (DPR) is presently 111.27%.
Insider Activity
In related news, Director John Albert Brussa bought 30,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were bought at an average cost 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 business's stock in a transaction dated Thursday, April 10th. The shares were purchased at an average cost of C$5.00 per share, with a total value of C$50,000.00. Over the last quarter, insiders acquired 96,925 shares of company stock valued at $560,050. 23.38% of the stock is currently owned by company insiders.
Cardinal Energy Company Profile
(
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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.
Further Reading
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