Cardinal Energy Ltd. (TSE:CJ - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$6.42 and traded as high as C$6.69. Cardinal Energy shares last traded at C$6.59, with a volume of 658,295 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently commented on CJ. BMO Capital Markets lifted their price target on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. Atb Cap Markets cut shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th.
Get Our Latest Stock Report on Cardinal Energy
Cardinal Energy Trading Down 0.9 %
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 business has a 50 day moving average of C$6.41 and a two-hundred day moving average of C$6.45. The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of -0.26 and a beta of 2.81.
Cardinal Energy Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.09%. Cardinal Energy's dividend payout ratio is presently 111.27%.
Insider Activity at Cardinal Energy
In related news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the 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. 23.38% of the stock is owned by insiders.
About Cardinal Energy
(
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.
Further Reading
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