Cardinal Energy Ltd. (TSE:CJ – Get Free Report) announced a monthly dividend on Tuesday, November 12th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.06 per share on Monday, December 16th. This represents a $0.72 annualized dividend and a yield of 10.84%. The ex-dividend date of this dividend is Friday, November 29th.
Cardinal Energy Stock Performance
Shares of CJ stock opened at C$6.64 on Thursday. Cardinal Energy has a 52-week low of C$5.75 and a 52-week high of C$7.38. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. The stock has a market cap of C$1.06 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The business has a 50-day simple moving average of C$6.48 and a 200-day simple moving average of C$6.68.
Wall Street Analyst Weigh In
CJ has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target on Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. CIBC decreased their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets lowered their price target on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.
Insiders Place Their Bets
In related news, Director John Albert Brussa bought 6,400 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average price of C$6.40 per share, for a total transaction of C$40,960.00. Also, Director John Festival purchased 50,050 shares of Cardinal Energy stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of C$6.20 per share, with a total value of C$310,310.00. Over the last 90 days, insiders have acquired 59,050 shares of company stock worth $367,518. 23.38% of the stock is owned by corporate insiders.
About Cardinal Energy
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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