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

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

Cardinal Energy Stock Down 0.9 %

Shares of CJ stock traded down C$0.06 during mid-day trading on Friday, reaching C$6.49. 685,602 shares of the company’s stock traded hands, compared to its average volume of 668,670. Cardinal Energy has a 12 month low of C$5.91 and a 12 month high of C$7.38. The company has a market cap of C$1.04 billion, a P/E ratio of 10.03, a P/E/G ratio of -0.26 and a beta of 2.81. The company’s 50-day moving average price is C$6.41 and its 200-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.

Analyst Upgrades and Downgrades

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

Insider Transactions at Cardinal Energy

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

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.