Cardinal Energy Ltd to Issue Monthly Dividend of $0.01 (TSE:CJ)

Cardinal Energy Ltd (TSE:CJ) declared a monthly dividend on Friday, December 7th, Zacks reports. Stockholders of record on Friday, December 28th will be given a dividend of 0.01 per share on Tuesday, January 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Thursday, December 27th.

Cardinal Energy stock remained flat at $C$2.39 during trading on Friday. The company had a trading volume of 192,600 shares, compared to its average volume of 528,743. Cardinal Energy has a 52-week low of C$1.80 and a 52-week high of C$5.89. The company has a quick ratio of 0.45, a current ratio of 0.47 and a debt-to-equity ratio of 32.50.

Cardinal Energy (TSE:CJ) last released its earnings results on Thursday, November 1st. The company reported C$0.08 EPS for the quarter. The business had revenue of C$87.39 million during the quarter. Research analysts predict that Cardinal Energy will post 0.24 EPS for the current year.

In other news, insider Robert Ernest Law Wollmann sold 52,800 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of C$2.82, for a total transaction of C$148,896.00. Also, insider David Kelly acquired 13,200 shares of Cardinal Energy stock in a transaction dated Wednesday, November 14th. The shares were bought at an average cost of C$3.08 per share, with a total value of C$40,656.00. Over the last ninety days, insiders have acquired 127,150 shares of company stock valued at $342,741.

Several equities research analysts have recently weighed in on the company. Raymond James decreased their target price on Cardinal Energy from C$6.00 to C$5.75 in a research report on Friday, October 5th. CIBC decreased their target price on Cardinal Energy from C$7.00 to C$6.75 in a research report on Friday, October 5th. GMP Securities decreased their target price on Cardinal Energy from C$7.25 to C$6.25 in a research report on Monday, November 5th. Royal Bank of Canada decreased their target price on Cardinal Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Finally, Canaccord Genuity decreased their target price on Cardinal Energy from C$6.50 to C$4.25 in a research report on Thursday, November 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cardinal Energy presently has an average rating of “Buy” and a consensus target price of C$4.55.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Wainwright, Bantry, Mitsue, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

Further Reading: Fundamental Analysis and Choosing Stocks

Dividend History for Cardinal Energy (TSE:CJ)

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