Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.70 and traded as low as C$6.48. Cardinal Energy shares last traded at C$6.54, with a volume of 558,566 shares changing hands.
Wall Street Analyst Weigh In
CJ has been the subject of several recent research reports. Royal Bank of Canada decreased their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. BMO Capital Markets decreased their price objective on Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th. Finally, CIBC decreased their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.
Get Our Latest Stock Report on Cardinal Energy
Cardinal Energy Stock Performance
The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The firm has a 50-day simple moving average of C$6.45 and a 200 day simple moving average of C$6.69. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04.
Cardinal Energy Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 10.81%. The ex-dividend date is Friday, November 29th. Cardinal Energy's dividend payout ratio (DPR) is 98.63%.
Insiders Place Their Bets
In other Cardinal Energy news, Director John Albert Brussa purchased 6,400 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were purchased at an average cost of C$6.40 per share, for a total transaction of C$40,960.00. Also, Director John Festival purchased 50,050 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of C$6.20 per share, for a total transaction of C$310,310.00. Insiders have bought a total of 59,050 shares of company stock valued at $367,518 over the last quarter. Company insiders own 23.38% of the company's stock.
Cardinal Energy Company Profile
(
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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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