Cardinal Energy Ltd (TSE:CJ) insider Tim Hyde sold 33,000 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of C$4.31, for a total transaction of C$142,230.00.
Shares of Cardinal Energy Ltd (TSE CJ) opened at 4.48 on Friday. The stock has a 50 day moving average of $4.41 and a 200 day moving average of $5.03. Cardinal Energy Ltd has a 1-year low of $3.76 and a 1-year high of $10.81. The firm’s market cap is $494.19 million.
The firm also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 9.38%. The ex-dividend date was Thursday, September 28th.
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CJ has been the topic of a number of recent analyst reports. BMO Capital Markets set a C$7.00 target price on shares of Cardinal Energy and gave the company an “outperform” rating in a research report on Friday, July 28th. Royal Bank Of Canada dropped their target price on shares of Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Scotiabank downgraded shares of Cardinal Energy from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$10.00 to C$6.00 in a research report on Wednesday, August 9th. Raymond James Financial, Inc. dropped their target price on shares of Cardinal Energy from C$6.25 to C$5.50 and set a “market perform” rating on the stock in a research report on Thursday, August 3rd. Finally, TD Securities dropped their target price on shares of Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Cardinal Energy presently has an average rating of “Buy” and a consensus target price of C$7.64.
About Cardinal Energy
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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