Cardinal Energy Ltd. (CJ) to Issue Monthly Dividend of $0.06 on February 18th

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.06 per share on Tuesday, February 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date of this dividend is Friday, January 31st.

Cardinal Energy Stock Performance

Shares of TSE CJ opened at C$6.46 on Wednesday. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of -0.26 and a beta of 2.81. The stock’s fifty day moving average price is C$6.52 and its two-hundred day moving average price is C$6.59. Cardinal Energy has a one year low of C$5.98 and a one year high of C$7.38.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, November 7th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. On average, equities analysts forecast that Cardinal Energy will post 0.625118 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CJ. CIBC reduced their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. BMO Capital Markets upped their target price on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.

Insider Buying and Selling at Cardinal Energy

In other Cardinal Energy news, Director John Festival acquired 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of C$6.20 per share, with a total value of C$465,000.00. Also, Director M. Scott Ratushny bought 10,000 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of C$6.12 per share, for a total transaction of C$61,160.00. In the last three months, insiders have purchased 137,650 shares of company stock worth $852,718. Corporate insiders own 23.38% of the company’s stock.

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.