Cardinal Energy Ltd. (TSE:CJ - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders 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 11.39%. The ex-dividend date of this dividend is Friday, January 31st.
Cardinal Energy Stock Down 3.1 %
Shares of CJ stock traded down C$0.20 on Friday, reaching C$6.32. 1,017,655 shares of the stock were exchanged, compared to its average volume of 717,919. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 8.66, a PEG ratio of -0.26 and a beta of 2.81. The business's 50 day moving average price is C$6.51 and its 200 day moving average price is C$6.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. Cardinal Energy has a twelve month low of C$5.98 and a twelve month high of C$7.38.
Cardinal Energy (TSE:CJ - Get Free Report) last announced its quarterly 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 net margin of 22.78% and a return on equity of 12.73%. As a group, sell-side analysts expect that Cardinal Energy will post 0.625118 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Cardinal Energy news, Director M. Scott Ratushny purchased 10,000 shares of the stock in a transaction dated 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. Also, Director John Festival bought 50,050 shares of Cardinal Energy stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of C$6.20 per share, for a total transaction of C$310,310.00. Over the last ninety days, insiders bought 137,650 shares of company stock valued at $852,718. 23.38% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts recently commented on CJ shares. CIBC reduced their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. BMO Capital Markets upped their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.
Check Out Our Latest Research Report on Cardinal Energy
About Cardinal Energy
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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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