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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Friday, October 11th, TickerTech reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.06 per share on Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date is Thursday, October 31st.

Cardinal Energy Stock Performance

Cardinal Energy stock traded up C$0.01 during mid-day trading on Tuesday, hitting C$6.46. 190,074 shares of the company’s stock traded hands, compared to its average volume of 638,482. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. Cardinal Energy has a one year low of C$5.75 and a one year high of C$7.63. The firm has a 50 day moving average price of C$6.59 and a 200 day moving average price of C$6.77. The company has a market cap of C$1.03 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.08). The company had revenue of C$169.35 million during the quarter, compared to analyst estimates of C$164.70 million. Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. On average, equities analysts forecast that Cardinal Energy will post 0.625118 EPS for the current year.

Insider Activity at Cardinal Energy

In other Cardinal Energy news, Director John Albert Brussa purchased 6,400 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average price of C$6.40 per share, for a total transaction of C$40,960.00. Company insiders own 23.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CJ shares. Royal Bank of Canada lowered their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. CIBC lifted their price target on Cardinal Energy from C$8.50 to C$8.75 in a research report on Monday, July 15th. Finally, BMO Capital Markets cut their price objective on Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cardinal Energy has an average rating of “Hold” and a consensus price target of C$7.95.

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.