Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$6.45 and traded as high as C$6.93. Cardinal Energy shares last traded at C$6.86, with a volume of 375,723 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Cardinal Energy from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$7.00 to C$7.50 in a research note on Thursday, April 17th. CIBC decreased their price target on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th.
Check Out Our Latest Research Report on CJ
Cardinal Energy Trading Up 0.7%
The stock has a market capitalization of C$1.11 billion, a P/E ratio of 10.79, a P/E/G ratio of -0.26 and a beta of 2.81. The firm's 50 day moving average price is C$6.47 and its 200 day moving average price is C$6.34. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67.
Cardinal Energy Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.32%. The ex-dividend date of this dividend is Monday, June 30th. Cardinal Energy's dividend payout ratio is currently 111.27%.
Insider Activity
In related news, Director John Festival purchased 50,000 shares of Cardinal Energy stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of C$6.10 per share, for a total transaction of C$305,000.00. 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.
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