Shares of Cardinal Energy Ltd (TSE:CJ) traded down 7.6% during mid-day trading on Thursday . The company traded as low as C$2.54 and last traded at C$2.57. 207,944 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 588,005 shares. The stock had previously closed at C$2.78.

A number of analysts have recently issued reports on the company. GMP Securities lifted their price target on Cardinal Energy from C$4.00 to C$4.50 in a research note on Monday, April 15th. National Bank Financial lowered Cardinal Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$4.25 to C$3.25 in a research note on Friday, March 1st. CIBC lifted their price target on Cardinal Energy from C$3.25 to C$3.75 in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price target on Cardinal Energy from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Finally, Raymond James reaffirmed a “market perform” rating and issued a C$4.25 price target on shares of Cardinal Energy in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$3.88.

The company has a debt-to-equity ratio of 33.17, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market capitalization of $320.25 million and a PE ratio of 5.65.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings results on Tuesday, March 19th. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C$59.08 million during the quarter. As a group, research analysts predict that Cardinal Energy Ltd will post 0.08 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.01 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Monday, April 29th. Cardinal Energy’s dividend payout ratio (DPR) is currently 65.04%.

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Cardinal Energy Company Profile (TSE:CJ)

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 Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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