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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Tuesday, November 12th,Zacks Dividends reports. Stockholders 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 dividend yield of 10.83%. The ex-dividend date of this dividend is Friday, November 29th.

Cardinal Energy Stock Performance

CJ stock opened at C$6.65 on Wednesday. The firm has a market cap of C$1.06 billion, a PE ratio of 9.11, a P/E/G ratio of -0.26 and a beta of 2.81. 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 business has a 50 day moving average of C$6.47 and a 200-day moving average of C$6.69.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

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.