Cardinal Energy (TSE:CJ) Shares Cross Below 200-Day Moving Average of $6.66

Cardinal Energy Ltd. (TSE:CJ)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.66 and traded as low as C$6.45. Cardinal Energy shares last traded at C$6.50, with a volume of 1,048,888 shares traded.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. CIBC boosted their price objective on Cardinal Energy from C$8.00 to C$8.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets set a C$8.00 price target on Cardinal Energy and gave the company a “market perform” rating in a report on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Cardinal Energy presently has a consensus rating of “Hold” and an average target price of C$8.50.

Cardinal Energy Trading Down 1.8 %

The company has a 50-day moving average price of C$6.89 and a two-hundred day moving average price of C$6.66. The company has a current ratio of 0.62, a quick ratio of 0.67 and a debt-to-equity ratio of 10.18. The stock has a market cap of C$1.03 billion, a P/E ratio of 10.00, a P/E/G ratio of -0.26 and a beta of 2.96.

Cardinal Energy (TSE:CJ) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.04). Cardinal Energy had a return on equity of 11.47% and a net margin of 21.40%. The company had revenue of C$140.23 million during the quarter, compared to the consensus estimate of C$143.40 million. On average, research analysts expect that Cardinal Energy Ltd. will post 0.6995885 EPS for the current fiscal year.

Cardinal Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.06 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.08%. Cardinal Energy’s payout ratio is 110.77%.

Insiders Place Their Bets

In other news, Director John Albert Brussa bought 27,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of C$6.99 per share, for a total transaction of C$188,670.60. In other Cardinal Energy news, Director John Albert Brussa bought 27,000 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was bought at an average price of C$6.99 per share, with a total value of C$188,670.60. Also, Senior Officer David Kelly sold 6,700 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$6.61, for a total value of C$44,287.00. 23.39% of the stock is currently owned by company insiders.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.