Cardinal Energy Ltd. (TSE:CJ - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.42 and traded as high as C$6.49. Cardinal Energy shares last traded at C$6.48, with a volume of 430,167 shares.
Analyst Upgrades and Downgrades
CJ has been the topic of a number of recent research reports. CIBC dropped their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Royal Bank of Canada dropped their target price on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. Finally, BMO Capital Markets reduced their price target on Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th.
Check Out Our Latest Research Report on CJ
Cardinal Energy Price Performance
The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. The stock has a market capitalization of C$1.03 billion, a PE ratio of 8.88, a PEG ratio of -0.26 and a beta of 2.81. The business has a fifty day moving average price of C$6.42 and a 200-day moving average price of C$6.60.
Cardinal Energy Announces Dividend
The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date was Friday, November 29th. Cardinal Energy's dividend payout ratio (DPR) is presently 98.63%.
Insiders Place Their Bets
In other Cardinal Energy news, Director M. Scott Ratushny purchased 10,000 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average price of C$6.12 per share, with a total value of C$61,160.00. Also, Director John Festival acquired 50,050 shares of the company's stock in a transaction on Monday, November 11th. The stock was acquired at an average price of C$6.20 per share, with a total value of C$310,310.00. Insiders have purchased 137,650 shares of company stock valued at $852,718 in the last ninety days. Company 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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