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

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.06 per share on Monday, March 17th. This represents a $0.72 annualized dividend and a yield of 11.03%. The ex-dividend date of this dividend is Friday, February 28th.

Cardinal Energy Stock Up 0.8 %

Shares of CJ stock traded up C$0.05 during mid-day trading on Wednesday, reaching C$6.53. 227,856 shares of the company’s stock traded hands, compared to its average volume of 645,768. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The company has a market cap of C$1.04 billion, a P/E ratio of 10.09, a P/E/G ratio of -0.26 and a beta of 2.81. The company’s 50-day moving average price is C$6.50 and its 200-day moving average price is C$6.53. Cardinal Energy has a 12 month low of C$5.98 and a 12 month high of C$7.38.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Atb Cap Markets downgraded Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. CIBC reduced their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th.

Insider Buying and Selling at Cardinal Energy

In other news, Director John Festival acquired 75,000 shares of Cardinal Energy stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of C$6.20 per share, for a total transaction of C$465,000.00. Also, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of Cardinal Energy stock in a transaction 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 insiders.

About Cardinal Energy

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.