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

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

Cardinal Energy Trading Up 0.1%

TSE CJ opened at C$12.08 on Wednesday. The business has a 50 day simple moving average of C$11.67 and a 200 day simple moving average of C$10.01. Cardinal Energy has a one year low of C$6.12 and a one year high of C$13.38. The stock has a market capitalization of C$2.12 billion, a P/E ratio of 201.33, a P/E/G ratio of -0.26 and a beta of 0.26. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.69 and a quick ratio of 0.67.

Cardinal Energy (TSE:CJ) last released its earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. Cardinal Energy had a return on equity of 1.14% and a net margin of 2.09%.The business had revenue of C$109.19 million for the quarter. Research analysts expect that Cardinal Energy will post 0.625118 earnings per share for the current year.

Analyst Ratings Changes

CJ has been the subject of several recent analyst reports. BMO Capital Markets raised Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 target price for the company in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on shares of Cardinal Energy from C$9.50 to C$11.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Canadian Imperial Bank of Commerce upgraded shares of Cardinal Energy from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from C$7.75 to C$11.00 in a report on Thursday, February 5th. Finally, Raymond James Financial upgraded shares of Cardinal Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$9.50 to C$13.00 in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.