Cardinal Energy Ltd. (TSE:CJ - Get Free Report) 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.
Cardinal Energy Trading Down 0.3 %
Shares of CJ traded down C$0.02 during mid-day trading on Wednesday, hitting C$6.79. 987,713 shares of the company's stock traded hands, compared to its average volume of 757,921. The business's 50-day moving average price is C$6.48 and its 200-day moving average price is C$6.60. Cardinal Energy Ltd. has a 1 year low of C$5.98 and a 1 year high of C$7.38. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 9.30, a PEG ratio of -0.26 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04.
Cardinal Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.72 annualized dividend and a yield of 10.60%. Cardinal Energy's dividend payout ratio (DPR) is presently 98.63%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on CJ shares. Royal Bank of Canada dropped their price target on Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. CIBC decreased their price target 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 increased their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday.
Check Out Our Latest Stock Analysis on CJ
Cardinal Energy Company Profile
(
Get Free Report)
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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