Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s stock price fell 1.4% on Thursday . The company traded as low as C$6.30 and last traded at C$6.33. 807,237 shares were traded during trading, an increase of 24% from the average session volume of 650,245 shares. The stock had previously closed at C$6.42.
Wall Street Analyst Weigh In
CJ has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th. Royal Bank of Canada dropped their price target on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. Finally, CIBC reduced their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.
Read Our Latest Research Report on CJ
Cardinal Energy Trading Up 0.6 %
The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. The company's fifty day moving average price is C$6.49 and its two-hundred day moving average price is C$6.65. The firm has a market cap of C$1.01 billion, a PE ratio of 8.67, a P/E/G ratio of -0.26 and a beta of 2.81.
Cardinal Energy Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.30%. The ex-dividend date of this dividend is Friday, November 29th. Cardinal Energy's dividend payout ratio is presently 98.63%.
Insider Transactions at Cardinal Energy
In related news, Director John Albert Brussa bought 6,400 shares of the company's stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of C$6.40 per share, with a total value of C$40,960.00. Also, Director John Festival purchased 50,050 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of C$6.20 per share, for a total transaction of C$310,310.00. In the last three months, insiders acquired 59,050 shares of company stock valued at $367,518. Corporate insiders own 23.38% of the company's stock.
Cardinal Energy Company Profile
(
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.
Further Reading
Before you consider Cardinal Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cardinal Energy wasn't on the list.
While Cardinal Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
