Cardinal Energy Ltd. (OTCMKTS:CRLFF) Declares Dividend of $0.04

Cardinal Energy Ltd. (OTCMKTS:CRLFFGet Rating) announced a dividend on Thursday, September 22nd, investing.com reports. Shareholders of record on Friday, September 30th will be given a dividend of 0.0385 per share on Monday, October 17th. This represents a yield of 8.2%. The ex-dividend date of this dividend is Thursday, September 29th.

Cardinal Energy Stock Performance

CRLFF opened at $5.64 on Thursday. Cardinal Energy has a 1-year low of $2.83 and a 1-year high of $7.93. The business has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $6.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CRLFF shares. Raymond James increased their price objective on Cardinal Energy from C$9.50 to C$10.00 in a research report on Tuesday, August 2nd. CIBC started coverage on Cardinal Energy in a research report on Monday, June 27th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus increased their price objective on Cardinal Energy from C$12.25 to C$13.00 in a research report on Tuesday, August 2nd.

Cardinal Energy Company Profile

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Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.

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