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

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.06 per share on Monday, March 17th. This represents a $0.72 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date is Friday, February 28th.

Cardinal Energy Trading Up 1.1 %

CJ traded up C$0.07 during midday trading on Wednesday, hitting C$6.55. The company’s stock had a trading volume of 204,365 shares, compared to its average volume of 643,882. Cardinal Energy has a 52-week low of C$5.98 and a 52-week high of C$7.38. The firm has a 50-day moving average price of C$6.50 and a two-hundred day moving average price of C$6.53. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The firm has a market cap of C$1.05 billion, a P/E ratio of 10.12, a PEG ratio of -0.26 and a beta of 2.81.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Atb Cap Markets lowered shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. CIBC reduced their price objective on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.

Insiders Place Their Bets

In other news, Director M. Scott Ratushny bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price 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 stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total value of C$82,800.00. 23.38% of the stock is owned by insiders.

About Cardinal Energy

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.