Cardinal Energy Ltd. (TSE:CJ – Get Rating) declared a monthly dividend on Tuesday, November 29th, TickerTech reports. Shareholders of record on Thursday, December 15th will be paid a dividend of 0.06 per share on Thursday, December 15th. This represents a $0.72 annualized dividend and a yield of 8.50%. The ex-dividend date is Tuesday, November 29th.
Cardinal Energy Trading Down 0.2 %
Cardinal Energy stock opened at C$8.47 on Friday. The firm’s 50-day moving average is C$8.46 and its 200-day moving average is C$8.31. The company has a debt-to-equity ratio of 5.31, a quick ratio of 0.67 and a current ratio of 0.76. Cardinal Energy has a 1 year low of C$3.65 and a 1 year high of C$9.96. The company has a market cap of C$1.32 billion and a P/E ratio of 6.01.
Analysts Set New Price Targets
CJ has been the topic of a number of recent research reports. Raymond James downgraded shares of Cardinal Energy from an “outperform” rating to a “market perform” rating and set a C$10.00 price target on the stock. in a research report on Thursday, November 10th. Stifel Nicolaus lifted their price objective on shares of Cardinal Energy from C$13.00 to C$13.50 in a research report on Wednesday, November 9th. CIBC lifted their price objective on shares of Cardinal Energy from C$10.00 to C$11.00 in a research report on Tuesday, August 2nd. Finally, ATB Capital reiterated an “outperform” rating and issued a C$10.50 price objective on shares of Cardinal Energy in a research report on Thursday, October 27th.
Insider Activity at Cardinal Energy
In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 4,100 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of C$8.85, for a total transaction of C$36,285.00. Following the sale, the insider now directly owns 129,451 shares in the company, valued at approximately C$1,145,641.35.
Cardinal Energy Company Profile
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of crude oil and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. It has total proved plus probable oil and gas reserves of 110,391 thousand barrels of oil equivalent. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.