M. Scott Ratushny Buys 10,000 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny bought 10,000 shares of the stock in a transaction on Friday, December 20th. The stock was purchased at an average price of C$6.12 per share, for a total transaction of C$61,160.00.

Cardinal Energy Price Performance

CJ stock opened at C$6.11 on Friday. The firm has a 50 day moving average of C$6.44 and a 200-day moving average of C$6.61. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. The firm has a market capitalization of C$972.59 million, a P/E ratio of 8.37, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. Cardinal Energy Ltd. has a 12 month low of C$5.98 and a 12 month high of C$7.38.

Cardinal Energy Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.06 per share. The ex-dividend date was Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.78%. Cardinal Energy’s dividend payout ratio (DPR) is currently 98.63%.

Analysts Set New Price Targets

CJ has been the topic of a number of research reports. CIBC lowered their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Royal Bank of Canada reduced their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. Finally, BMO Capital Markets dropped their target price on Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th.

Cardinal Energy Company Profile

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.