Cardinal Energy (TSE:CJ) Shares Down 4.4% – Time to Sell?

by · The Cerbat Gem

Cardinal Energy Ltd. (TSE:CJ – Get Free Report) shares fell 4.4% during trading on Wednesday . The company traded as low as C$4.64 and last traded at C$4.77. 705,623 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 734,257 shares. The stock had previously closed at C$4.99.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price target on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. CIBC dropped their target price on Cardinal Energy from C$8.00 to C$7.00 in a research report on Thursday. Finally, Atb Cap Markets cut shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th.

View Our Latest Research Report on CJ

Cardinal Energy Stock Performance

The company has a market cap of C$834.79 million, a P/E ratio of 8.08, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The business has a 50 day moving average price of C$6.23 and a two-hundred day moving average price of C$6.40. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50.

Cardinal Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.06 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a yield of 13.77%. Cardinal Energy’s payout ratio is currently 111.27%.

Insider Transactions at Cardinal Energy

In other Cardinal Energy news, Director John Albert Brussa bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of C$5.42 per share, for a total transaction of C$162,600.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average cost of C$5.00 per share, with a total value of C$50,000.00. Company insiders own 23.38% of the company’s stock.

Cardinal Energy Company Profile

(Get Free Report)

Cardinal Energy Ltd is an oil-focused Canadian company. The company’s principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.

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