Cardinal Energy (TSE:CJ) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Cardinal Energy Ltd. (TSE:CJ) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$9.26 and traded as high as C$10.26. Cardinal Energy shares last traded at C$10.16, with a volume of 2,307,132 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CJ shares. Raymond James Financial lifted their target price on Cardinal Energy from C$9.00 to C$9.50 and gave the stock a “market perform” rating in a report on Thursday, February 5th. Royal Bank Of Canada raised their price objective on shares of Cardinal Energy from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce raised shares of Cardinal Energy from a “hold” rating to a “strong-buy” rating and lifted their price objective for the stock from C$7.75 to C$11.00 in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$10.00.

Cardinal Energy Price Performance

The company has a market cap of C$1.81 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of -0.26 and a beta of 0.53. The company has a current ratio of 0.48, a quick ratio of 0.67 and a debt-to-equity ratio of 24.20. The business has a 50-day moving average price of C$9.33 and a 200 day moving average price of C$8.59.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, March 12th. The company reported C($0.18) earnings per share (EPS) for the quarter. The company had revenue of C$109.19 million during the quarter. Cardinal Energy had a return on equity of 8.44% and a net margin of 14.36%. As a group, research analysts expect that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 6.9%. Cardinal Energy’s dividend payout ratio (DPR) is currently 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.