Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) fell 4.2% on Wednesday . The company traded as low as C$4.64 and last traded at C$4.78. 490,492 shares were traded during mid-day trading, a decline of 33% from the average session volume of 729,466 shares. The stock had previously closed at C$4.99.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. BMO Capital Markets upped their target price on Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th. CIBC dropped their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Thursday. Finally, Atb Cap Markets cut shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th.
Get Our Latest Report on CJ
Cardinal Energy Trading Up 1.9 %
The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The company has a fifty day moving average price of C$6.21 and a two-hundred day moving average price of C$6.39. The firm has a market capitalization of C$850.75 million, a price-to-earnings ratio of 8.24, a PEG ratio of -0.26 and a beta of 2.81.
Cardinal Energy Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.51%. Cardinal Energy's dividend payout ratio is currently 111.27%.
Insider Buying and Selling at Cardinal Energy
In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total value of C$82,800.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of C$5.00 per share, with a total value of C$50,000.00. Company insiders own 23.38% of the company's stock.
Cardinal Energy Company Profile
(
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Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
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