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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Tuesday, November 12th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.06 per share on Monday, December 16th. This represents a $0.72 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend is Friday, November 29th.

Cardinal Energy Trading Up 1.1 %

TSE:CJ traded up C$0.07 on Wednesday, reaching C$6.33. The company’s stock had a trading volume of 539,192 shares, compared to its average volume of 639,957. Cardinal Energy has a 12-month low of C$5.75 and a 12-month high of C$7.38. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. The firm has a market cap of C$1.01 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The stock has a 50 day moving average price of C$6.46 and a 200 day moving average price of C$6.72.

Wall Street Analyst Weigh In

CJ has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. CIBC reduced their target price on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets reduced their target price on Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th.

Insider Activity

In other news, Director John Albert Brussa acquired 6,400 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of C$6.40 per share, with a total value of C$40,960.00. In related news, Director John Albert Brussa acquired 6,400 shares of the stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of C$6.40 per share, with a total value of C$40,960.00. Also, Director John Festival purchased 50,050 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of C$6.20 per share, with a total value of C$310,310.00. Over the last ninety days, insiders bought 59,050 shares of company stock valued at $367,518. 23.38% of the stock is currently owned by corporate insiders.

Cardinal Energy Company Profile

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.