Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director M. Scott Ratushny purchased 10,000 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was bought at an average cost of C$5.00 per share, with a total value of C$50,000.00.
Cardinal Energy Stock Down 8.2 %
TSE:CJ opened at C$5.01 on Friday. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. The company's fifty day moving average price is C$6.23 and its 200-day moving average price is C$6.40. Cardinal Energy Ltd. has a 1-year low of C$4.64 and a 1-year high of C$7.38. The firm has a market capitalization of C$799.67 million, a P/E ratio of 7.74, a PEG ratio of -0.26 and a beta of 2.81.
Cardinal Energy Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 14.37%. The ex-dividend date of this dividend is Monday, March 31st. Cardinal Energy's dividend payout ratio is currently 111.27%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. CIBC cut their target price on Cardinal Energy from C$8.00 to C$7.00 in a research report on Thursday. BMO Capital Markets increased their price objective on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th. Finally, Atb Cap Markets cut Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th.
Read Our Latest Research Report on CJ
About Cardinal Energy
(
Get Free Report)
Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
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