Cardinal Energy Ltd. (CJ) to Issue Monthly Dividend of $0.06 on February 18th

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.06 per share on Tuesday, February 18th. This represents a $0.72 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Friday, January 31st.

Cardinal Energy Price Performance

Shares of Cardinal Energy stock remained flat at C$6.48 during trading on Wednesday. 95,683 shares of the stock traded hands, compared to its average volume of 677,613. Cardinal Energy has a 1-year low of C$5.98 and a 1-year high of C$7.38. The stock’s 50-day simple moving average is C$6.52 and its 200 day simple moving average is C$6.59. 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 stock has a market cap of C$1.03 billion, a P/E ratio of 8.88, a PEG ratio of -0.26 and a beta of 2.81.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. As a group, equities analysts expect that Cardinal Energy will post 0.625118 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CJ. CIBC decreased their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. BMO Capital Markets boosted their target price on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.

Insider Activity at Cardinal Energy

In other news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total value of C$82,800.00. Also, Director M. Scott Ratushny bought 10,000 shares of Cardinal Energy stock in a transaction on Friday, December 20th. The shares were bought at an average price of C$6.12 per share, for a total transaction of C$61,160.00. Insiders acquired 137,650 shares of company stock valued at $852,718 over the last ninety days. 23.38% of the stock is owned by 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.