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

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.06 per share on Tuesday, April 15th. This represents a $0.72 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date is Monday, March 31st.

Cardinal Energy Stock Down 0.9 %

TSE:CJ traded down C$0.06 on Friday, hitting C$6.49. 685,602 shares of the company’s stock were exchanged, compared to its average volume of 668,670. The firm has a 50-day moving average price of C$6.41 and a 200-day moving average price of C$6.45. Cardinal Energy has a 52 week low of C$5.91 and a 52 week high of C$7.38. 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 has a market cap of C$1.04 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Insider Transactions at Cardinal Energy

In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00. 23.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Atb Cap Markets cut Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. 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.

Cardinal Energy Company Profile

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.