Cardinal Energy Ltd. Plans Monthly Dividend of $0.06 (TSE:CJ)

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Monday, April 8th, TickerTech reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend is Monday, April 29th.

Cardinal Energy Stock Performance

TSE CJ opened at C$7.36 on Friday. Cardinal Energy has a 1-year low of C$5.75 and a 1-year high of C$7.96. The company has a market capitalization of C$1.16 billion, a P/E ratio of 11.32, a PEG ratio of -0.26 and a beta of 2.99. The business has a 50 day moving average price of C$6.90 and a 200 day moving average price of C$6.75. The company has a debt-to-equity ratio of 5.44, a current ratio of 0.54 and a quick ratio of 0.67.

Cardinal Energy (TSE:CJ) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.13 earnings per share for the quarter, missing the consensus estimate of C$0.20 by C($0.07). Cardinal Energy had a net margin of 21.53% and a return on equity of 11.22%. The firm had revenue of C$148.04 million during the quarter, compared to analysts’ expectations of C$147.60 million. Sell-side analysts expect that Cardinal Energy will post 0.795302 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CJ. Raymond James dropped their price objective on Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating for the company in a research note on Friday, January 19th. ATB Capital dropped their price target on Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, CIBC raised their price target on Cardinal Energy from C$8.00 to C$8.50 and gave the stock a “neutral” rating in a research report on Monday, April 22nd.

Insiders Place Their Bets

In other Cardinal Energy news, Senior Officer David Kelly sold 7,100 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total transaction of C$50,214.75. In other news, Senior Officer David Kelly sold 7,100 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total transaction of C$50,214.75. Also, Director John Albert Brussa acquired 27,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of C$6.99 per share, for a total transaction of C$188,670.60. 24.00% of the stock is currently owned by company 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.