Cardinal Energy (TSE:CJ) Reaches New 12-Month Low – Time to Sell?

Shares of Cardinal Energy Ltd. (TSE:CJ) hit a new 52-week low on Friday . The company traded as low as C$5.98 and last traded at C$6.02, with a volume of 73147 shares changing hands. The stock had previously closed at C$6.03.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CJ shares. BMO Capital Markets decreased their price target on Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th. Royal Bank of Canada decreased their target price on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. Finally, CIBC dropped their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th.

Cardinal Energy Stock Up 1.3 %

The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. The company has a market capitalization of C$972.59 million, a P/E ratio of 8.37, a PEG ratio of -0.26 and a beta of 2.81. The stock has a 50 day moving average price of C$6.44 and a 200 day moving average price of C$6.61.

Cardinal Energy Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.06 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.72 annualized dividend and a yield of 11.78%. Cardinal Energy’s dividend payout ratio is presently 98.63%.

Insider Activity

In related news, Director M. Scott Ratushny bought 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of C$6.12 per share, with a total value of C$61,160.00. Also, Director John Albert Brussa purchased 6,400 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was bought at an average cost of C$6.40 per share, with a total value of C$40,960.00. Over the last three months, insiders have bought 69,050 shares of company stock valued at $428,678. 23.38% of the stock is currently owned by corporate 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.