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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.06 per share on Tuesday, February 18th. This represents a $0.72 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Friday, January 31st.

Cardinal Energy Stock Performance

Shares of TSE CJ opened at C$6.48 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. The stock has a 50 day simple moving average of C$6.52 and a 200-day simple moving average of C$6.59. The company has a market cap of C$1.03 billion, a PE ratio of 8.88, a P/E/G ratio of -0.26 and a beta of 2.81. Cardinal Energy has a 12-month low of C$5.98 and a 12-month high of C$7.38.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, November 7th. The company reported C$0.16 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. On average, equities research analysts forecast that Cardinal Energy will post 0.625118 EPS for the current year.

Insider Buying and Selling

In other news, Director M. Scott Ratushny purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was bought at an average cost of C$6.12 per share, for a total transaction of C$61,160.00. Also, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total value of C$82,800.00. Over the last three months, insiders acquired 137,650 shares of company stock worth $852,718. Corporate insiders own 23.38% of the company’s stock.

Analyst Ratings Changes

CJ has been the topic of several research reports. CIBC dropped their price target on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. BMO Capital Markets upped their price target on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.

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.