Cardinal Energy Ltd. (TSE:CJ - Get Free Report) declared a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date of this dividend is Monday, April 29th.
Cardinal Energy Trading Up 0.6 %
Shares of TSE CJ traded up C$0.04 during midday trading on Wednesday, reaching C$7.14. 637,945 shares of the stock were exchanged, compared to its average volume of 539,421. The stock has a 50 day moving average price of C$6.71 and a 200-day moving average price of C$6.77. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 5.44. The company has a market capitalization of C$1.13 billion, a P/E ratio of 10.98, a P/E/G ratio of -0.26 and a beta of 2.99. Cardinal Energy has a 52-week low of C$5.75 and a 52-week high of C$7.96.
Cardinal Energy (TSE:CJ - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported C$0.13 EPS for the quarter, missing analysts' consensus estimates of C$0.20 by C($0.07). The business had revenue of C$148.04 million during the quarter, compared to analysts' expectations of C$147.60 million. Cardinal Energy had a net margin of 21.53% and a return on equity of 11.22%. Equities research analysts expect that Cardinal Energy will post 0.7502646 earnings per share for the current fiscal year.
Insider Activity at Cardinal Energy
In other news, Director John Albert Brussa purchased 27,000 shares of the stock in a transaction dated Thursday, April 4th. The stock was acquired at an average cost of C$6.99 per share, for a total transaction of C$188,670.60. 24.00% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages have commented on CJ. CIBC dropped their price target on Cardinal Energy from C$9.00 to C$8.00 and set a "neutral" rating for the company in a research note on Tuesday, January 16th. ATB Capital dropped their target price on shares of Cardinal Energy from C$9.50 to C$8.50 and set an "outperform" rating for the company in a research report on Thursday, January 18th. Finally, Raymond James reduced their price target on shares of Cardinal Energy from C$9.00 to C$8.50 and set a "market perform" rating on the stock in a research report on Friday, January 19th.
Read Our Latest Research Report on Cardinal Energy
About Cardinal Energy
(
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Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
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