Cardinal Energy (TSE:CJ) Hits New 1-Year Low – Should You Sell?

Cardinal Energy Ltd. (TSE:CJ) hit a new 52-week low on Friday . The company traded as low as C$5.80 and last traded at C$5.81, with a volume of 779295 shares changing hands. The stock had previously closed at C$6.26.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Atb Cap Markets cut shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets raised their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.

Cardinal Energy Price Performance

The stock has a 50-day moving average of C$6.38 and a two-hundred day moving average of C$6.45. The firm has a market cap of C$913.00 million, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05.

Cardinal Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 12.59%. The ex-dividend date of this dividend is Monday, March 31st. Cardinal Energy’s dividend payout ratio (DPR) is currently 111.27%.

Insider Activity

In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total transaction of C$82,800.00. 23.38% of the stock is owned by company insiders.

Cardinal Energy Company Profile

Cardinal Energy Ltd is an oil-focused Canadian company. The company’s principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.