Cardinal Energy Ltd. (TSE:CJ - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as C$5.98 and last traded at C$6.02, with a volume of 73147 shares changing hands. The stock had previously closed at C$6.03.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on CJ shares. CIBC dropped their target price on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Royal Bank of Canada lowered their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Finally, BMO Capital Markets reduced their target price on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.
Read Our Latest Research Report on Cardinal Energy
Cardinal Energy Stock Up 1.3 %
The firm's 50 day simple moving average is C$6.44 and its two-hundred day simple moving average is C$6.62. The firm has a market cap of C$972.59 million, a price-to-earnings ratio of 8.37, a PEG ratio of -0.26 and a beta of 2.81. 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 Announces Dividend
The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 11.78%. The ex-dividend date of this dividend was Friday, November 29th. Cardinal Energy's dividend payout ratio is currently 98.63%.
Insider Buying and Selling
In related news, Director John Albert Brussa acquired 6,400 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$6.40 per share, for a total transaction of C$40,960.00. Also, Director M. Scott Ratushny acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of C$6.12 per share, with a total value of C$61,160.00. In the last 90 days, insiders have bought 69,050 shares of company stock worth $428,678. Corporate insiders own 23.38% of the company's stock.
About Cardinal Energy
(
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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