Cardinal Energy (TSE:CJ) Shares Cross Below 200 Day Moving Average – Time to Sell?

Cardinal Energy Ltd. (TSE:CJ) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.58 and traded as low as C$6.25. Cardinal Energy shares last traded at C$6.30, with a volume of 623,102 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Atb Cap Markets downgraded shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. CIBC cut their price target 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 price target on shares of Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.

Cardinal Energy Stock Up 0.8 %

The stock’s fifty day simple moving average is C$6.48 and its two-hundred day simple moving average is C$6.57. The stock has a market capitalization of C$1.01 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, November 7th. The company reported C$0.16 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.08). Cardinal Energy had a net margin of 22.78% and a return on equity of 12.73%. As a group, research analysts expect that Cardinal Energy Ltd. will post 0.625118 EPS for the current fiscal year.

Cardinal Energy Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.34%. The ex-dividend date is Friday, January 31st. Cardinal Energy’s dividend payout ratio is presently 98.63%.

Insider Activity at Cardinal Energy

In other Cardinal Energy news, Director M. Scott Ratushny purchased 10,000 shares of Cardinal Energy stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of C$6.12 per share, for a total transaction of C$61,160.00. Also, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business’s stock in a transaction 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. Over the last quarter, insiders have bought 137,650 shares of company stock worth $852,718. Insiders own 23.38% of the company’s stock.

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.