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

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.06 per share on Monday, March 17th. This represents a $0.72 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend is Friday, February 28th.

Cardinal Energy Stock Performance

CJ traded up C$0.02 on Wednesday, hitting C$6.50. 314,624 shares of the company’s stock were exchanged, compared to its average volume of 645,908. The stock has a fifty day moving average of C$6.50 and a two-hundred day moving average of C$6.53. The firm has a market cap of C$1.04 billion, a PE ratio of 10.04, a P/E/G ratio of -0.26 and a beta of 2.81. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. Cardinal Energy has a twelve month low of C$5.98 and a twelve month high of C$7.38.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CJ shares. BMO Capital Markets boosted their price objective on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. CIBC dropped their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, Atb Cap Markets lowered shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th.

Insider Buying and Selling

In related news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the firm’s stock in a transaction 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. Also, Director John Festival bought 75,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of C$6.20 per share, for a total transaction of C$465,000.00. 23.38% of the stock is currently owned by corporate insiders.

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.