Shares of Cardinal Energy Ltd. (TSE:CJ - Get Free Report) traded down 4.4% during trading on Wednesday . The company traded as low as C$4.64 and last traded at C$4.77. 705,623 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 734,257 shares. The stock had previously closed at C$4.99.
Analyst Ratings Changes
CJ has been the topic of a number of research reports. Atb Cap Markets cut Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. CIBC cut their target price on Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday. Finally, BMO Capital Markets upped their price target on shares of Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th.
Read Our Latest Stock Analysis on Cardinal Energy
Cardinal Energy Stock Up 1.9 %
The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The firm has a 50 day simple moving average of C$6.21 and a two-hundred day simple moving average of C$6.39. The stock has a market cap of C$850.75 million, a P/E ratio of 8.24, a P/E/G ratio of -0.26 and a beta of 2.81.
Cardinal Energy Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 13.51%. The ex-dividend date of this dividend is Monday, March 31st. Cardinal Energy's payout ratio is currently 111.27%.
Insider Buying and Selling at Cardinal Energy
In other news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business's 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. Also, Director M. Scott Ratushny acquired 10,000 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was purchased at an average price of C$5.00 per share, with a total value of C$50,000.00. 23.38% of the stock is owned by corporate insiders.
About Cardinal Energy
(
Get Free Report)
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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