Cardinal Energy Ltd (TSE:CJ) will issue its quarterly earnings data on Monday, November 6th. Analysts expect the company to announce earnings of C($0.03) per share for the quarter.

Shares of Cardinal Energy Ltd (TSE:CJ) opened at 4.48 on Monday. The stock’s 50 day moving average is $4.42 and its 200-day moving average is $5.00. Cardinal Energy Ltd has a 12-month low of $3.76 and a 12-month high of $10.81. The stock’s market cap is $494.19 million.

The company also recently declared a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 9.38%. The ex-dividend date was Thursday, September 28th.

Several research analysts have recently issued reports on CJ shares. TD Securities cut their price target on Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Raymond James Financial, Inc. cut their price target on Cardinal Energy from C$6.25 to C$5.50 and set a “market perform” rating for the company in a research note on Thursday, August 3rd. BMO Capital Markets set a C$7.00 price target on Cardinal Energy and gave the stock an “outperform” rating in a research note on Friday, July 28th. Royal Bank Of Canada cut their price target on Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, Scotiabank downgraded Cardinal Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$10.00 to C$6.00 in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$7.64.

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In other news, Director John Albert Brussa bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average price of C$3.80 per share, with a total value of C$76,000.00. Also, Director Gregory Tisdale bought 19,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of C$4.05 per share, with a total value of C$76,950.00. Insiders purchased a total of 74,000 shares of company stock valued at $298,750 in the last three months.

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.

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