Cardinal Energy Ltd. (CJ) to Distribute Monthly Dividend of $0.06 on August 17th

Cardinal Energy Ltd. (TSE:CJ – Get Free Report) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 17th will be given a dividend of 0.06 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, July 31st.

Cardinal Energy Price Performance

TSE:CJ opened at C$11.07 on Wednesday. Cardinal Energy has a 52-week low of C$6.95 and a 52-week high of C$13.38. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.67 and a current ratio of 0.69. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 184.50, a P/E/G ratio of -0.26 and a beta of 0.20. The stock’s fifty day moving average price is C$11.28 and its two-hundred day moving average price is C$10.76.

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Cardinal Energy (TSE:CJ – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. The company had revenue of C$193.44 million during the quarter. On average, analysts anticipate that Cardinal Energy will post 0.625118 EPS for the current year.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on Cardinal Energy

About Cardinal Energy

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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.

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