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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Tuesday, November 12th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.06 per share on Monday, December 16th. This represents a $0.72 annualized dividend and a yield of 10.84%. The ex-dividend date is Friday, November 29th.

Cardinal Energy Price Performance

Cardinal Energy stock opened at C$6.64 on Thursday. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The firm has a 50-day moving average of C$6.48 and a two-hundred day moving average of C$6.68. Cardinal Energy has a 1 year low of C$5.75 and a 1 year high of C$7.38.

Insider Buying and Selling

In other Cardinal Energy news, Director John Festival acquired 50,050 shares of the stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of C$6.20 per share, with a total value of C$310,310.00. Also, Director John Albert Brussa bought 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average price of C$6.40 per share, for a total transaction of C$40,960.00. Insiders purchased 59,050 shares of company stock worth $367,518 in the last three months. 23.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CJ has been the topic of a number of recent research reports. CIBC dropped their price target on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Royal Bank of Canada dropped their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Finally, BMO Capital Markets reduced their price target on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.

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.