Cardinal Energy (TSE:CJ) Stock Price Down 4.2% – Time to Sell?

Cardinal Energy Ltd. (TSE:CJ)’s stock price fell 4.2% during trading on Wednesday . The company traded as low as C$4.64 and last traded at C$4.78. 490,492 shares changed hands during trading, a decline of 33% from the average session volume of 729,466 shares. The stock had previously closed at C$4.99.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CJ shares. BMO Capital Markets lifted their price objective on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th. Atb Cap Markets downgraded Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th.

Cardinal Energy Trading Down 4.0 %

The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The firm has a market capitalization of C$764.55 million, a price-to-earnings ratio of 7.40, a P/E/G ratio of -0.26 and a beta of 2.81. The firm’s 50-day moving average is C$6.29 and its 200 day moving average is C$6.42.

Cardinal Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.06 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.72 dividend on an annualized basis and a yield of 15.03%. Cardinal Energy’s payout ratio is 111.27%.

Insider Buying and Selling

In related 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 stock was sold at an average price of C$6.90, for a total transaction of C$82,800.00. Also, Director John Albert Brussa acquired 30,000 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average price of C$5.42 per share, with a total value of C$162,600.00. 23.38% of the stock is owned by corporate insiders.

About Cardinal Energy

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.