Cardinal Energy (TSE:CJ) Hits New 1-Year Low – Should You Sell?

Cardinal Energy Ltd. (TSE:CJ) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$5.80 and last traded at C$5.81, with a volume of 779295 shares. The stock had previously closed at C$6.26.

Analyst Upgrades and Downgrades

CJ has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th. Atb Cap Markets lowered Cardinal Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th.

Cardinal Energy Trading Down 8.6 %

The stock has a market cap of C$913.00 million, a P/E ratio of 8.84, a PEG ratio of -0.26 and a beta of 2.81. The business’s 50 day simple moving average is C$6.38 and its 200 day simple moving average is C$6.45. 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 business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 12.59%. The ex-dividend date is Monday, March 31st. Cardinal Energy’s dividend payout ratio is 111.27%.

Insider Buying and Selling at Cardinal Energy

In other news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of Cardinal Energy stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total value of C$82,800.00. Company insiders own 23.38% of the company’s stock.

About Cardinal Energy

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.