Cardinal Energy (TSE:CJ) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Cardinal Energy Ltd. (TSE:CJ)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$8.80 and traded as high as C$9.42. Cardinal Energy shares last traded at C$9.33, with a volume of 643,814 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on the company. CIBC dropped their price objective on Cardinal Energy from C$8.25 to C$7.75 in a research note on Tuesday, January 13th. Royal Bank Of Canada upped their target price on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$8.13.

Cardinal Energy Trading Down 0.2%

The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The stock has a market cap of C$1.50 billion, a P/E ratio of 19.44, a P/E/G ratio of -0.26 and a beta of 0.42. The company has a 50-day simple moving average of C$8.80 and a 200-day simple moving average of C$8.05.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, November 6th. The company reported C$0.09 earnings per share for the quarter. Cardinal Energy had a return on equity of 11.24% and a net margin of 19.57%.The company had revenue of C$104.82 million during the quarter. On average, sell-side analysts forecast that Cardinal Energy Ltd. will post 0.625118 EPS for the current fiscal year.

Cardinal Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were given a $0.06 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date was Friday, October 31st. Cardinal Energy’s dividend payout ratio (DPR) is presently 150.00%.

Cardinal Energy Company Profile

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.