Cardinal Energy Ltd (CJ) PT Raised to C$6.50 at TD Securities
Several other equities research analysts also recently weighed in on the company. Raymond James Financial, Inc. upped their price target on Cardinal Energy from C$5.00 to C$5.50 and gave the stock a market perform rating in a report on Wednesday, November 8th. Scotiabank downgraded Cardinal Energy from an outperform rating to a sector perform rating and cut their price target for the stock from C$10.00 to C$6.00 in a report on Thursday, August 17th. BMO Capital Markets set a C$7.00 price target on Cardinal Energy and gave the stock an outperform rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada cut their price target on Cardinal Energy from C$11.00 to C$8.00 and set an outperform rating on the stock in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$7.71.
Shares of Cardinal Energy (TSE:CJ) opened at C$5.12 on Thursday. Cardinal Energy has a 1-year low of C$3.76 and a 1-year high of C$10.82.
The firm also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.42 annualized dividend and a dividend yield of 8.20%. Cardinal Energy’s dividend payout ratio is currently -97.67%.
In other Cardinal Energy news, Director Gregory Tisdale acquired 19,000 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of C$4.05 per share, with a total value of C$76,950.00. Also, insider Tim Hyde sold 33,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of C$4.31, for a total value of C$142,230.00. Over the last ninety days, insiders have bought 29,000 shares of company stock valued at $118,800.
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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