Cardinal Energy Ltd. (CJ) To Go Ex-Dividend on May 29th

Cardinal Energy Ltd. (TSE:CJ) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be paid a dividend of 0.06 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, May 29th.

Cardinal Energy Price Performance

Shares of TSE:CJ opened at C$12.08 on Wednesday. The firm has a 50 day moving average of C$11.67 and a 200-day moving average of C$10.01. The stock has a market capitalization of C$2.12 billion, a PE ratio of 201.33, a PEG ratio of -0.26 and a beta of 0.26. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 18.36. Cardinal Energy has a 12 month low of C$6.12 and a 12 month high of C$13.38.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. The firm had revenue of C$109.19 million during the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. On average, equities research analysts predict that Cardinal Energy will post 0.625118 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Cardinal Energy from C$9.50 to C$11.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. BMO Capital Markets raised shares of Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 price target on the stock in a report on Tuesday, April 7th. Raymond James Financial raised shares of Cardinal Energy from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$9.50 to C$13.00 in a report on Monday, March 30th. Finally, Canadian Imperial Bank of Commerce raised shares of Cardinal Energy from a “hold” rating to a “strong-buy” rating and lifted their price target for the company from C$7.75 to C$11.00 in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$12.00.

Cardinal Energy Company Profile

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.