Cardinal Energy Ltd (TSE:CJ) has been given an average rating of “Buy” by the eleven analysts that are currently covering the company, reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$7.71.

CJ has been the topic of several recent research reports. TD Securities decreased their price objective on Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Raymond James Financial, Inc. boosted their target price on Cardinal Energy from C$5.00 to C$5.50 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a C$7.00 target price on Cardinal Energy and gave the company an “outperform” rating in a research report on Friday, July 28th. Royal Bank Of Canada cut their target price on Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Finally, Scotiabank downgraded Cardinal Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$10.00 to C$6.00 in a research report on Thursday, August 17th.

Cardinal Energy (TSE CJ) traded down C$0.15 during trading on Monday, hitting C$5.12. The company’s stock had a trading volume of 734,393 shares, compared to its average volume of 688,481. Cardinal Energy has a 1-year low of C$3.76 and a 1-year high of C$10.82.

The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 8.20%. The ex-dividend date of this dividend was Thursday, September 28th. Cardinal Energy’s dividend payout ratio (DPR) is -97.67%.

In other Cardinal Energy news, Director Gregory Tisdale bought 19,000 shares of Cardinal Energy stock in a transaction on Friday, August 18th. The shares were bought at an average price of C$4.05 per share, for a total transaction of C$76,950.00. Also, insider Tim Hyde sold 33,000 shares of Cardinal Energy stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of C$4.31, for a total value of C$142,230.00. Over the last three months, insiders acquired 29,000 shares of company stock worth $118,800.

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About Cardinal Energy

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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