Cardinal Energy Ltd. (TSE:CJ - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.55 and traded as low as C$6.35. Cardinal Energy shares last traded at C$6.40, with a volume of 444,336 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on CJ shares. Atb Cap Markets downgraded shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. CIBC decreased their target price on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.
Check Out Our Latest Research Report on Cardinal Energy
Cardinal Energy Trading Up 0.9 %
The stock's 50 day simple moving average is C$6.47 and its 200 day simple moving average is C$6.54. The firm has a market cap of C$1.03 billion, a PE ratio of 9.98, a PEG ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50.
Cardinal Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date is Friday, January 31st. Cardinal Energy's dividend payout ratio is currently 111.27%.
Insider Transactions at Cardinal Energy
In other news, Director John Festival bought 75,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of C$6.20 per share, with a total value of C$465,000.00. Also, Director M. Scott Ratushny bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of C$6.12 per share, for a total transaction of C$61,160.00. 23.38% of the stock is currently owned by 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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