Cardinal Energy Ltd (CJ) To Go Ex-Dividend on January 30th

Cardinal Energy Ltd (TSE:CJ) declared a monthly dividend on Tuesday, January 9th, Zacks reports. Shareholders of record on Wednesday, January 31st will be given a dividend of 0.035 per share on Thursday, February 15th. This represents a $0.42 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Tuesday, January 30th.

Cardinal Energy (TSE:CJ) opened at C$4.83 on Monday. Cardinal Energy has a 1 year low of C$3.76 and a 1 year high of C$9.00. The firm has a market capitalization of $535.35, a price-to-earnings ratio of -11.23 and a beta of 1.56.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Tuesday, November 7th. The company reported C($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.06) by C($0.05). Cardinal Energy had a negative return on equity of 5.88% and a negative net margin of 16.44%.

In other news, insider Spankeren Shawn Arie Van bought 20,000 shares of the stock in a transaction on Wednesday, January 17th. The shares were purchased at an average cost of C$4.83 per share, for a total transaction of C$96,600.00. Also, Director John Albert Brussa bought 10,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of C$4.71 per share, for a total transaction of C$47,100.00.

Several research analysts have weighed in on the company. National Bank Financial boosted their price objective on Cardinal Energy from C$7.00 to C$7.25 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. TD Securities boosted their price objective on Cardinal Energy from C$5.50 to C$6.50 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Raymond James Financial boosted their price objective on Cardinal Energy from C$5.00 to C$5.50 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cardinal Energy currently has an average rating of “Buy” and an average target price of C$6.71.

ILLEGAL ACTIVITY WARNING: “Cardinal Energy Ltd (CJ) To Go Ex-Dividend on January 30th” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/29/cardinal-energy-ltd-cj-to-go-ex-dividend-on-january-30th.html.

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.

Dividend History for Cardinal Energy (TSE:CJ)

Receive News & Ratings for Cardinal Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply