Cardinal Energy (TSE:CJ) Stock Passes Above 50-Day Moving Average – Should You Sell?

Cardinal Energy Ltd. (TSE:CJ)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$8.77 and traded as high as C$8.91. Cardinal Energy shares last traded at C$8.79, with a volume of 698,359 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. CIBC reduced their price objective on shares of Cardinal Energy from C$8.25 to C$7.75 in a research report on Tuesday, January 13th. Royal Bank Of Canada lifted their target price on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$8.13.

Cardinal Energy Stock Performance

The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The firm has a market cap of C$1.41 billion, a P/E ratio of 18.31, a P/E/G ratio of -0.26 and a beta of 0.42. The business has a fifty day simple moving average of C$8.77 and a 200-day simple moving average of C$7.96.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.09 EPS for the quarter. Cardinal Energy had a net margin of 19.57% and a return on equity of 11.24%. The business had revenue of C$104.82 million for the quarter. On average, sell-side analysts predict that Cardinal Energy Ltd. will post 0.625118 EPS for the current fiscal year.

Cardinal Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a $0.06 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date was Friday, October 31st. Cardinal Energy’s dividend payout ratio (DPR) is presently 150.00%.

Insiders Place Their Bets

In other Cardinal Energy news, insider David Kelly sold 41,430 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of C$7.91, for a total transaction of C$327,711.30. Following the transaction, the insider owned 122,624 shares in the company, valued at approximately C$969,955.84. This represents a 25.25% decrease in their position. Company insiders own 23.38% of the company’s stock.

About Cardinal Energy

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.