Cardinal Energy (OTCMKTS:CRLFF) Trading Down 2.6% – Should You Sell?

Cardinal Energy Ltd. (OTCMKTS:CRLFF)’s share price was down 2.6% during mid-day trading on Thursday . The stock traded as low as $6.63 and last traded at $6.6830. Approximately 239,716 shares changed hands during trading, an increase of 250% from the average daily volume of 68,417 shares. The stock had previously closed at $6.86.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Cardinal Energy in a report on Friday, November 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Cardinal Energy Trading Down 2.6%

The business has a fifty day moving average price of $6.36 and a 200 day moving average price of $5.81.

Cardinal Energy Cuts Dividend

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

About Cardinal Energy

Cardinal Energy Ltd. (OTCMKTS: CRLFF) is a Canada-based upstream oil and gas company focused on the exploration, development and production of conventional hydrocarbon resources in Western Canada. Founded in 2009 and headquartered in Calgary, Alberta, Cardinal Energy targets mature resource plays in Alberta and Saskatchewan, with a core asset base in the Cardium and Mannville formations as well as shallow natural gas zones.

The company pursues a disciplined growth strategy grounded in low-cost drilling, optimized well design and efficient operations.