Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$5.80 and last traded at C$5.81, with a volume of 779295 shares changing hands. The stock had previously closed at C$6.26.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CJ shares. Atb Cap Markets lowered Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.
Read Our Latest Stock Analysis on CJ
Cardinal Energy Stock Performance
The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The stock has a market capitalization of C$871.50 million, a P/E ratio of 8.44, a PEG ratio of -0.26 and a beta of 2.81. The business has a 50-day moving average price of C$6.29 and a 200 day moving average price of C$6.42.
Cardinal Energy Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 13.19%. The ex-dividend date of this dividend is Monday, March 31st. Cardinal Energy's dividend payout ratio (DPR) is 111.27%.
Insider Transactions at Cardinal Energy
In related news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business's stock in a transaction that occurred 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 Albert Brussa acquired 30,000 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of C$5.42 per share, for a total transaction of C$162,600.00. Insiders own 23.38% of the company's stock.
Cardinal Energy Company Profile
(
Get Free Report)
Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
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