Cardinal Energy (TSE: CJ) has recently received a number of price target changes and ratings updates:

  • 8/17/2017 – Cardinal Energy was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating. They now have a C$6.00 price target on the stock, down previously from C$10.00.
  • 8/9/2017 – Cardinal Energy was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating. They now have a C$6.00 price target on the stock, down previously from C$10.00.
  • 8/3/2017 – Cardinal Energy had its price target lowered by analysts at TD Securities from C$8.00 to C$6.00. They now have a “buy” rating on the stock.
  • 8/3/2017 – Cardinal Energy had its price target lowered by analysts at Raymond James Financial, Inc. from C$6.25 to C$5.50. They now have a “market perform” rating on the stock.
  • 7/28/2017 – Cardinal Energy had its price target lowered by analysts at Royal Bank Of Canada from C$11.00 to C$8.00. They now have an “outperform” rating on the stock.
  • 7/28/2017 – Cardinal Energy was given a new C$7.00 price target on by analysts at BMO Capital Markets. They now have an “outperform” rating on the stock.

Cardinal Energy Ltd (TSE:CJ) opened at 4.04 on Monday. Cardinal Energy Ltd has a 52 week low of $3.76 and a 52 week high of $10.81. The firm has a 50-day moving average of $4.49 and a 200 day moving average of $6.22. The stock’s market capitalization is $445.65 million.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date is Tuesday, August 29th.

In other news, Director John Albert Brussa purchased 20,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of C$3.80 per share, for a total transaction of C$76,000.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average price of C$4.20 per share, with a total value of C$42,000.00. Over the last ninety days, insiders acquired 45,000 shares of company stock worth $179,950.

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