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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.06 per share on Tuesday, April 15th. This represents a $0.72 annualized dividend and a dividend yield of 11.09%. The ex-dividend date of this dividend is Monday, March 31st.

Cardinal Energy Price Performance

CJ traded down C$0.06 during trading on Friday, hitting C$6.49. The company’s stock had a trading volume of 685,602 shares, compared to its average volume of 668,670. The firm’s 50 day moving average price is C$6.41 and its two-hundred day moving average price is C$6.45. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The stock has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. Cardinal Energy has a 12 month low of C$5.91 and a 12 month high of C$7.38.

Insider Buying and Selling at Cardinal Energy

In other news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of Cardinal Energy stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00. Corporate insiders own 23.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CJ. BMO Capital Markets raised their price target on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th. Atb Cap Markets cut Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th.

About Cardinal Energy

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.