Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.98 and traded as high as C$6.23. Cardinal Energy shares last traded at C$6.18, with a volume of 823,697 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CJ. BMO Capital Markets boosted their target price on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th. CIBC decreased their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th. Atb Cap Markets cut shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada raised shares of Cardinal Energy from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$7.00 to C$7.50 in a research report on Thursday, April 17th.
Check Out Our Latest Report on Cardinal Energy
Cardinal Energy Stock Performance
The stock has a market cap of C$986.42 million, a PE ratio of 9.55, a PEG ratio of -0.26 and a beta of 2.81. The stock has a fifty day simple moving average of C$5.98 and a two-hundred day simple moving average of C$6.29. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50.
Cardinal Energy Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.72 annualized dividend and a dividend yield of 11.65%. Cardinal Energy's dividend payout ratio (DPR) is presently 111.27%.
Insider Buying and Selling at Cardinal Energy
In other news, Director John Albert Brussa bought 30,000 shares of Cardinal Energy stock in a transaction on Monday, April 7th. The shares were bought at an average price of C$5.42 per share, with a total value of C$162,600.00. Also, Director M. Scott Ratushny bought 10,000 shares of Cardinal Energy stock in a transaction on Thursday, April 10th. The shares were purchased at an average cost of C$5.00 per share, for a total transaction of C$50,000.00. 23.38% of the stock is currently owned by corporate insiders.
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 Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
