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

Cardinal Energy Ltd. (TSE:CJ) announced 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 11.41%. The ex-dividend date of this dividend is Friday, November 29th.

Cardinal Energy Stock Performance

TSE:CJ traded up C$0.05 during trading on Wednesday, reaching C$6.31. The company’s stock had a trading volume of 623,720 shares, compared to its average volume of 640,341. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth 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 debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a 50 day moving average of C$6.46 and a 200-day moving average of C$6.72.

Analyst Upgrades and Downgrades

CJ has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. CIBC lowered their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. Finally, BMO Capital Markets decreased 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 Festival bought 50,050 shares of the 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. In other Cardinal Energy news, Director John Albert Brussa bought 6,400 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of C$6.40 per share, for a total transaction of C$40,960.00. Also, Director John Festival purchased 50,050 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired 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 worth $367,518. 23.38% of the stock is owned by company 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.