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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Stockholders of record on Thursday, May 15th will be given a dividend of 0.06 per share on Thursday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 11.73%. The ex-dividend date of this dividend is Wednesday, April 30th.

Cardinal Energy Price Performance

Shares of CJ stock opened at C$6.14 on Monday. The stock’s 50-day moving average is C$6.11 and its 200 day moving average is C$6.35. Cardinal Energy has a 1-year low of C$4.64 and a 1-year high of C$7.38. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. The company has a market cap of C$980.03 million, a P/E ratio of 9.49, a PEG ratio of -0.26 and a beta of 2.81.

Insiders Place Their Bets

In other Cardinal Energy news, Director M. Scott Ratushny acquired 10,000 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost of C$5.00 per share, with a total value of C$50,000.00. Also, Director John Albert Brussa acquired 30,000 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of C$5.42 per share, for a total transaction of C$162,600.00. 23.38% of the stock is owned by insiders.

Analysts Set New Price Targets

CJ has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th. CIBC reduced their price target on Cardinal Energy from C$8.00 to C$7.00 in a research report on Thursday, April 10th. Atb Cap Markets cut Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upgraded Cardinal Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$7.00 to C$7.50 in a research note on Thursday, April 17th.

Cardinal Energy Company Profile

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.