Cardinal Energy Ltd (TSE:CJ) had its target price cut by TD Securities from C$8.00 to C$6.00 in a research report sent to investors on Thursday morning. They currently have a buy rating on the stock.
CJ has been the topic of a number of other research reports. Instinet reissued a buy rating on shares of Cardinal Energy in a research note on Thursday, April 20th. Nomura assumed coverage on shares of Cardinal Energy in a research note on Thursday, April 20th. They issued a buy rating on the stock. BMO Capital Markets set a C$7.00 price target on shares of Cardinal Energy and gave the company an outperform rating in a research note on Friday, July 28th. Raymond James Financial, Inc. dropped their price target 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 note on Thursday. Finally, National Bank Financial dropped their price target on shares of Cardinal Energy from C$9.00 to C$8.00 and set an outperform rating on the stock in a research note on Friday, May 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$8.21.
Cardinal Energy (CJ) opened at 4.18 on Thursday. The stock has a 50 day moving average of $4.68 and a 200 day moving average of $6.64. Cardinal Energy has a 12-month low of $4.10 and a 12-month high of $10.81. The stock’s market cap is $254.56 million.
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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a $0.035 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.42 dividend on an annualized basis and a yield of 10.05%.
In other news, Director M. Scott Ratushny acquired 10,000 shares of the firm’s stock in a transaction 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 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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