Cardinal Energy Ltd (TSE:CJ)’s share price was down 0.2% during mid-day trading on Friday . The company traded as low as C$5.07 and last traded at C$5.17. Approximately 871,016 shares were traded during trading, an increase of 6% from the average daily volume of 818,866 shares. The stock had previously closed at C$5.16.

CJ has been the topic of several analyst reports. TD Securities boosted their price target on shares of Cardinal Energy from C$5.50 to C$6.50 and gave the company a “buy” rating in a report on Thursday, November 9th. Raymond James Financial boosted their price target on shares of Cardinal Energy from C$5.00 to C$5.50 and gave the company a “market perform” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$7.71.

The company has a market cap of $546.43, a P/E ratio of -12.02 and a beta of 1.56.

The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.42 annualized dividend and a dividend yield of 8.12%. Cardinal Energy’s dividend payout ratio is presently -97.67%.

In other news, Director John Albert Brussa acquired 10,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average cost of C$4.71 per share, with a total value of C$47,100.00. Also, insider Tim Hyde sold 33,000 shares of the business’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. Insiders bought a total of 20,000 shares of company stock worth $88,950 in the last 90 days.

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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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