Cardinal Energy Ltd. (TSE:CJ - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.60 and traded as low as C$6.41. Cardinal Energy shares last traded at C$6.46, with a volume of 724,849 shares traded.
Analyst Upgrades and Downgrades
CJ has been the topic of several analyst reports. BMO Capital Markets raised their target price on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th. CIBC lowered their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th.
Check Out Our Latest Stock Report on CJ
Cardinal Energy Stock Down 1.5 %
The firm has a market cap of C$1.01 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The firm's 50-day moving average price is C$6.52 and its 200 day moving average price is C$6.59. 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 (TSE:CJ - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.24 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. As a group, research analysts expect that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current year.
Cardinal Energy Announces Dividend
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 $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.32%. The ex-dividend date of this dividend is Friday, January 31st. Cardinal Energy's dividend payout ratio (DPR) is presently 98.63%.
Insiders Place Their Bets
In related news, Director M. Scott Ratushny acquired 10,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was bought at an average price of C$6.12 per share, for a total transaction of C$61,160.00. Also, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of Cardinal Energy stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total value of C$82,800.00. Insiders bought 137,650 shares of company stock worth $852,718 over the last ninety days. Company 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.
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