Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.12 and traded as high as C$6.21. Cardinal Energy shares last traded at C$6.12, with a volume of 636,378 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised Cardinal Energy from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$7.00 to C$7.50 in a report on Thursday, April 17th. CIBC cut their price objective on Cardinal Energy from C$8.00 to C$7.00 in a report on Thursday, April 10th. Atb Cap Markets downgraded Cardinal Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.
View Our Latest Stock Analysis on CJ
Cardinal Energy Stock Performance
The company has a market cap of C$916.19 million, a price-to-earnings ratio of 8.87, 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 quick ratio of 0.67 and a current ratio of 0.50. The company has a fifty day moving average of C$6.09 and a two-hundred day moving average of C$6.34.
Cardinal Energy Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend is Wednesday, April 30th. Cardinal Energy's dividend payout ratio is currently 111.27%.
Insider Buying and Selling
In other Cardinal Energy news, Director M. Scott Ratushny acquired 10,000 shares of the stock in a transaction dated 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 Albert Brussa acquired 30,000 shares of the stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of C$5.42 per share, with a total value of C$162,600.00. 23.38% of the stock is owned by corporate insiders.
About Cardinal Energy
(
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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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