Cardinal Energy Ltd. (TSE:CJ - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.
Analyst Ratings Changes
Several equities analysts 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 boosted their target price for the company from C$7.00 to C$7.50 in a research note on Thursday, April 17th. CIBC reduced their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Thursday, April 10th.
View Our Latest Analysis on CJ
Cardinal Energy Price Performance
The firm has a market cap of C$1.10 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The stock's fifty day moving average price is C$6.05 and its 200-day moving average price is C$6.27. 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 company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.42%. The ex-dividend date of this dividend is Monday, June 30th. Cardinal Energy's dividend payout ratio is currently 111.27%.
Insiders Place Their Bets
In other news, Director M. Scott Ratushny bought 10,000 shares of Cardinal Energy 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. Also, Director John Festival bought 6,925 shares of Cardinal Energy stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of C$6.13 per share, for a total transaction of C$42,450.25. Insiders have bought 96,925 shares of company stock valued at $560,050 over the last ninety days. Company insiders own 23.38% of the company's stock.
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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