Cardinal Energy Ltd. (CJ) to Issue Monthly Dividend of $0.06 on August 15th

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 annualized dividend and a yield of 10.91%. The ex-dividend date is Wednesday, July 31st.

Cardinal Energy Stock Performance

Shares of CJ opened at C$6.60 on Wednesday. The company has a market capitalization of C$1.05 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of -0.26 and a beta of 2.96. Cardinal Energy has a one year low of C$5.75 and a one year high of C$7.96. The company has a debt-to-equity ratio of 10.18, a current ratio of 0.62 and a quick ratio of 0.67. The company’s fifty day moving average price is C$6.81 and its 200 day moving average price is C$6.71.

Cardinal Energy (TSE:CJGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.04). The company had revenue of C$140.23 million during the quarter, compared to analyst estimates 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, analysts expect that Cardinal Energy will post 0.6995885 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on CJ shares. CIBC raised their price target on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets decreased their price target on shares of Cardinal Energy from C$8.00 to C$7.50 in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$8.40.

Read Our Latest Stock Report on CJ

Insider Activity

In other news, Senior Officer David Kelly sold 7,100 shares of Cardinal Energy stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total transaction of C$50,214.75. 23.39% of the stock is owned by company insiders.

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.

Featured Stories

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.