Cardinal Energy (TSE:CJ) Stock Price Crosses Below 200 Day Moving Average of $6.86

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.86 and traded as low as C$6.36. Cardinal Energy shares last traded at C$6.43, with a volume of 1,021,459 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. CIBC increased their target price on Cardinal Energy from C$8.50 to C$8.75 in a research note on Monday, July 15th. BMO Capital Markets reduced their target price on shares of Cardinal Energy from C$8.00 to C$7.50 in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Cardinal Energy presently has a consensus rating of "Hold" and a consensus target price of C$8.45.

Cardinal Energy Stock Down 1.8 %

The firm has a market cap of C$1.02 billion, a P/E ratio of 8.81, a PEG ratio of -0.26 and a beta of 2.84. The firm's 50-day moving average price is C$6.83 and its 200 day moving average price is C$6.86. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67.

Cardinal Energy (TSE:CJ - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. The business had revenue of C$169.35 million for the quarter, compared to analyst estimates of C$164.70 million. On average, equities research analysts expect that Cardinal Energy Ltd. will post 0.8844567 earnings per share for the current fiscal year.

Cardinal Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 11.20%. Cardinal Energy's dividend payout ratio (DPR) is presently 98.63%.

Insider Buying and Selling at Cardinal Energy

In other news, Senior Officer David Kelly sold 6,700 shares of Cardinal Energy stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$6.61, for a total transaction of C$44,287.00. 23.37% of the stock is currently owned by corporate insiders.

Cardinal Energy Company Profile

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.