Cardinal Energy Ltd (CJ) to Issue Monthly Dividend of $0.01 – Mayfield Recorder

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Cardinal Energy Ltd (TSE:CJ) declared a monthly dividend on Monday, April 29th, TickerTech reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.01 per share on Wednesday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Monday, April 29th.

Shares of TSE CJ opened at C$3.05 on Monday. The firm has a market capitalization of $354.40 million and a price-to-earnings ratio of 5.87. Cardinal Energy has a one year low of C$1.80 and a one year high of C$5.89. The company has a current ratio of 1.06, a quick ratio of 0.64 and a debt-to-equity ratio of 32.75.

Cardinal Energy (TSE:CJ) last announced its quarterly earnings data on Tuesday, March 19th. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$59.08 million for the quarter. Equities analysts forecast that Cardinal Energy will post 0.08 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. National Bank Financial cut Cardinal Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$4.25 to C$3.25 in a research note on Friday, March 1st. Raymond James increased their price target on Cardinal Energy from C$3.75 to C$4.25 and gave the company a “market perform” rating in a research note on Wednesday, March 6th. CIBC decreased their target price on Cardinal Energy from C$4.50 to C$3.25 in a research note on Friday, February 1st. GMP Securities raised their target price on Cardinal Energy from C$4.00 to C$4.50 in a research note on Monday, April 15th. Finally, Cormark raised their price objective on Cardinal Energy from C$4.25 to C$4.50 in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cardinal Energy has an average rating of “Buy” and a consensus price target of C$3.88.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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