Cardinal Energy (OTCMKTS:CRLFF) Stock Price Up 1.3% – Here’s What Happened

Shares of Cardinal Energy Ltd. (OTCMKTS:CRLFF) were up 1.3% on Wednesday . The company traded as high as $6.1440 and last traded at $6.14. Approximately 25,345 shares were traded during trading, a decline of 60% from the average daily volume of 63,784 shares. The stock had previously closed at $6.0590.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Cardinal Energy in a research note on Friday, November 21st. Raymond James Financial initiated coverage on shares of Cardinal Energy in a report on Monday, September 22nd. They set a “market perform” rating for the company. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Cardinal Energy Price Performance

The firm has a 50-day moving average price of $6.05 and a 200 day moving average price of $5.51.

Cardinal Energy Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0428 dividend. This represents a yield of 807.0%. The ex-dividend date of this dividend was Friday, November 28th. Cardinal Energy’s payout ratio is currently 8.93%.

About Cardinal Energy

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.