Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$6.05 and traded as high as C$6.95. Cardinal Energy shares last traded at C$6.91, with a volume of 791,397 shares changing hands.
Analysts Set New Price Targets
CJ has been the subject of several research analyst reports. Royal Bank Of Canada upgraded Cardinal Energy from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$7.00 to C$7.50 in a report on Thursday, April 17th. CIBC cut their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Thursday, April 10th.
Read Our Latest Stock Analysis on Cardinal Energy
Cardinal Energy Stock Down 0.1%
The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The company has a fifty day simple moving average of C$6.16 and a 200-day simple moving average of C$6.29. The firm has a market cap of C$1.15 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.
Cardinal Energy Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.01%. Cardinal Energy's payout ratio is currently 111.27%.
Insider Transactions at Cardinal Energy
In related news, Director John Festival purchased 6,925 shares of Cardinal Energy stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of C$6.13 per share, for a total transaction of C$42,450.25. Also, Director M. Scott Ratushny acquired 10,000 shares of the company's stock in a transaction on Thursday, April 10th. The shares were bought at an average cost of C$5.00 per share, with a total value of C$50,000.00. Insiders bought a total of 96,925 shares of company stock valued at $560,050 over the last three months. Corporate insiders own 23.38% of the company's stock.
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.
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