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

Cardinal Energy Ltd. (TSE:CJGet Free Report) declared a monthly dividend on Monday, July 8th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.06 per share on Thursday, August 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date is Wednesday, July 31st.

Cardinal Energy Stock Down 1.0 %

CJ opened at C$6.60 on Wednesday. Cardinal Energy has a twelve month low of C$5.75 and a twelve month high of C$7.96. The company’s 50-day moving average price is C$6.81 and its two-hundred day moving average price is C$6.71. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of 10.15, a PEG ratio of -0.26 and a beta of 2.96. The company has a quick ratio of 0.67, a current ratio of 0.62 and a debt-to-equity ratio of 10.18.

Cardinal Energy (TSE:CJGet Free Report) last released its earnings results on Thursday, May 9th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.04). The firm had revenue of C$140.23 million during the quarter, compared to analysts’ expectations of C$143.40 million. Cardinal Energy had a return on equity of 11.47% and a net margin of 21.40%. As a group, equities analysts expect that Cardinal Energy will post 0.6995885 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CJ. CIBC boosted their price target on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets cut their price target on Cardinal Energy from C$8.00 to C$7.50 in a report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$8.40.

Get Our Latest Stock Analysis on CJ

Insider Activity

In other Cardinal Energy news, Senior Officer David Kelly sold 6,700 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$6.61, for a total value of C$44,287.00. Company insiders own 23.39% of the company’s stock.

About Cardinal Energy

(Get Free Report)

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.

See Also

Dividend History for Cardinal Energy (TSE:CJ)

Receive News & Ratings for Cardinal Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Energy and related companies with MarketBeat.com's FREE daily email newsletter.