Cardinal Energy Ltd. (CJ) To Go Ex-Dividend on March 31st

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.06 per share on Tuesday, April 15th. This represents a $0.72 annualized dividend and a yield of 11.09%. The ex-dividend date of this dividend is Monday, March 31st.

Cardinal Energy Price Performance

Shares of CJ traded down C$0.06 during trading hours on Friday, hitting C$6.49. 685,602 shares of the company were exchanged, compared to its average volume of 668,670. The firm has a fifty day simple moving average of C$6.41 and a 200-day simple moving average of C$6.45. The company has a market capitalization of C$1.04 billion, a PE ratio of 10.03, a PEG ratio of -0.26 and a beta of 2.81. 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 has a one year low of C$5.91 and a one year high of C$7.38.

Insider Transactions at Cardinal Energy

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

Wall Street Analyst Weigh In

CJ has been the subject of a number of recent analyst reports. Atb Cap Markets lowered shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.

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.