Cardinal Energy Ltd. (CJ) To Go Ex-Dividend on November 29th

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Tuesday, November 12th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.06 per share on Monday, December 16th. This represents a $0.72 annualized dividend and a yield of 10.83%. The ex-dividend date of this dividend is Friday, November 29th.

Cardinal Energy Trading Down 0.4 %

TSE CJ opened at C$6.65 on Wednesday. The company’s fifty day moving average price is C$6.47 and its two-hundred day moving average price is C$6.69. The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 9.11, 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 current ratio of 0.73 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

CJ has been the subject of several recent analyst reports. CIBC decreased their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Royal Bank of Canada cut their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. Finally, BMO Capital Markets decreased their target price on shares of Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th.

Insider Transactions at Cardinal Energy

In other news, Director John Albert Brussa bought 6,400 shares of the stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average price of C$6.40 per share, with a total value of C$40,960.00. Also, Director John Festival acquired 50,050 shares of Cardinal Energy stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of C$6.20 per share, for a total transaction of C$310,310.00. Insiders have acquired a total of 59,050 shares of company stock worth $367,518 in the last 90 days. 23.38% of the stock is owned by 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.