Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.75 and traded as low as C$6.40. Cardinal Energy shares last traded at C$6.43, with a volume of 265,210 shares.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. BMO Capital Markets dropped their target price on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th. CIBC boosted their price objective on shares of Cardinal Energy from C$8.50 to C$8.75 in a research report on Monday, July 15th. Finally, Royal Bank of Canada lowered their target price on Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$7.95.
View Our Latest Report on CJ
Cardinal Energy Stock Performance
The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of C$1.02 billion, a P/E ratio of 8.81, a PEG ratio of -0.26 and a beta of 2.81. The stock's fifty day moving average price is C$6.52 and its 200-day moving average price is C$6.75.
Cardinal Energy Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 11.20%. Cardinal Energy's dividend payout ratio is currently 98.63%.
Insider Activity at Cardinal Energy
In related news, Director John Albert Brussa bought 6,400 shares of the business's stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of C$6.40 per share, for a total transaction of C$40,960.00. 23.38% of the stock is owned by company insiders.
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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