Cardinal Energy Ltd. to Issue Monthly Dividend of $0.06 (TSE:CJ)

Cardinal Energy Ltd. (TSE:CJ) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 17th will be paid a dividend of 0.06 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, July 31st.

Cardinal Energy Trading Down 1.2%

Shares of CJ stock opened at C$11.07 on Wednesday. Cardinal Energy has a 12 month low of C$6.95 and a 12 month high of C$13.38. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 18.36. The business’s 50 day moving average is C$11.28 and its two-hundred day moving average is C$10.76. The company has a market cap of C$1.94 billion, a PE ratio of 184.50, a price-to-earnings-growth ratio of -0.26 and a beta of 0.20.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$0.38 earnings per share for the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. The business had revenue of C$193.44 million during the quarter. Equities analysts predict that Cardinal Energy will post 0.625118 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on Cardinal Energy from C$14.00 to C$13.50 in a research report on Wednesday, July 15th. BMO Capital Markets upgraded Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 price target for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$12.62.

About Cardinal Energy

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.