Cardinal Energy Ltd (TSE:CJ) Director M. Scott Ratushny acquired 10,000 shares of Cardinal Energy stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of C$4.20 per share, for a total transaction of C$42,000.00.
Cardinal Energy Ltd (CJ) traded up 0.97% during midday trading on Friday, reaching $4.18. The company’s stock had a trading volume of 525,097 shares. The company has a 50 day moving average price of $4.68 and a 200 day moving average price of $6.64. The firm’s market cap is $254.56 million. Cardinal Energy Ltd has a 1-year low of $4.10 and a 1-year high of $10.81.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date of this dividend is Thursday, July 27th.
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A number of equities analysts recently commented on the company. Instinet reiterated a “buy” rating on shares of Cardinal Energy in a research report on Thursday, April 20th. Nomura assumed coverage on Cardinal Energy in a research report on Thursday, April 20th. They set a “buy” rating on the stock. TD Securities reduced their price objective on Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets set a C$7.00 price objective on Cardinal Energy and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Raymond James Financial, Inc. reduced their target price on 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$8.21.
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.
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