Cardinal Energy Ltd (CJ) To Go Ex-Dividend on December 28th
Cardinal Energy Ltd (TSE:CJ) declared a monthly dividend on Tuesday, December 12th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.035 per share on Monday, January 15th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Thursday, December 28th.
Cardinal Energy (CJ) traded down C$0.05 on Wednesday, reaching C$4.85. 516,193 shares of the company traded hands, compared to its average volume of 714,953. The firm has a market capitalization of $537.57, a PE ratio of -11.28 and a beta of 1.56. Cardinal Energy has a 1 year low of C$3.76 and a 1 year high of C$10.82.
CJ has been the subject of several recent research reports. TD Securities upped their price target on shares of Cardinal Energy from C$5.50 to C$6.50 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Raymond James Financial increased their target price on shares of Cardinal Energy from C$5.00 to C$5.50 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$7.71.
In other Cardinal Energy news, insider Tim Hyde sold 33,000 shares of Cardinal Energy stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of C$4.31, for a total transaction of C$142,230.00. Also, Director John Albert Brussa acquired 10,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of C$4.71 per share, with a total value of C$47,100.00. In the last 90 days, insiders bought 20,000 shares of company stock worth $88,950.
Cardinal Energy Company Profile
Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.
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