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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Monday, April 8th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.72 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Monday, April 29th.

Cardinal Energy Stock Performance

TSE CJ opened at C$7.36 on Friday. The company has a market cap of C$1.16 billion, a P/E ratio of 11.32, a P/E/G ratio of -0.26 and a beta of 2.99. The company has a debt-to-equity ratio of 5.44, a quick ratio of 0.67 and a current ratio of 0.54. The business’s 50 day moving average price is C$6.90 and its 200-day moving average price is C$6.75. Cardinal Energy has a fifty-two week low of C$5.75 and a fifty-two week high of C$7.96.

Cardinal Energy (TSE:CJ) last announced its quarterly earnings data on Thursday, March 14th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.07). The business had revenue of C$148.04 million during the quarter, compared to the consensus estimate of C$147.60 million. Cardinal Energy had a net margin of 21.53% and a return on equity of 11.22%. Sell-side analysts predict that Cardinal Energy will post 0.795302 earnings per share for the current year.

Insider Transactions at Cardinal Energy

In other news, Senior Officer David Kelly sold 7,100 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total transaction of C$50,214.75. In related news, Director John Albert Brussa acquired 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of C$6.99 per share, for a total transaction of C$188,670.60. Also, Senior Officer David Kelly sold 7,100 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total value of C$50,214.75. Corporate insiders own 24.00% of the company’s stock.

Analyst Upgrades and Downgrades

CJ has been the topic of several research analyst reports. Raymond James cut their price objective on Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating on the stock in a research report on Friday, January 19th. ATB Capital cut their price objective on Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Finally, CIBC upped their price objective on Cardinal Energy from C$8.00 to C$8.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd.

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.