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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Investors of record on Monday, June 16th will be given a dividend of 0.06 per share on Monday, June 16th. This represents a $0.72 annualized dividend and a dividend yield of 11.41%. The ex-dividend date is Friday, May 30th.

Cardinal Energy Price Performance

Cardinal Energy stock opened at C$6.31 on Friday. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. Cardinal Energy has a one year low of C$4.64 and a one year high of C$7.19. The firm has a market cap of C$1.01 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The stock’s fifty day moving average price is C$5.95 and its two-hundred day moving average price is C$6.28.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada raised 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. Atb Cap Markets lowered shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, CIBC reduced their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th.

Insider Buying and Selling

In related news, Director John Festival acquired 50,000 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of C$6.10 per share, with a total value of C$305,000.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average price of C$5.00 per share, with a total value of C$50,000.00. Insiders bought 96,925 shares of company stock valued at $560,050 over the last quarter. Insiders own 23.38% of the company’s stock.

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.