Cardinal Energy Ltd. Declares Monthly Dividend of $0.06 (TSE:CJ)

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Tuesday, November 12th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.06 per share on Monday, December 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.41%. The ex-dividend date of this dividend is Friday, November 29th.

Cardinal Energy Stock Up 0.8 %

CJ traded up C$0.05 during trading on Wednesday, reaching C$6.31. 623,720 shares of the stock were exchanged, compared to its average volume of 640,341. The stock has a market cap of C$1.00 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The stock’s 50 day moving average price is C$6.46 and its two-hundred day moving average price is C$6.72. Cardinal Energy has a twelve month low of C$5.75 and a twelve month high of C$7.38. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73.

Insider Buying and Selling

In other news, Director John Festival purchased 50,050 shares of the business’s stock in a transaction on Monday, November 11th. The shares were acquired at an average price of C$6.20 per share, with a total value of C$310,310.00. In related news, Director John Albert Brussa purchased 6,400 shares of Cardinal Energy stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of C$6.40 per share, for a total transaction of C$40,960.00. Also, Director John Festival purchased 50,050 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of C$6.20 per share, with a total value of C$310,310.00. Insiders have purchased a total of 59,050 shares of company stock valued at $367,518 over the last ninety days. 23.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CJ. Royal Bank of Canada lowered their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. CIBC cut their price objective on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets decreased their target price on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.

Cardinal Energy Company Profile

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.