Cardinal Energy Ltd. (TSE:CJ) Director Purchases C$465,000.00 in Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Festival bought 75,000 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$6.20 per share, for a total transaction of C$465,000.00.

John Festival also recently made the following trade(s):

• On Monday, November 11th, John Festival bought 50,050 shares of Cardinal Energy stock. The shares were purchased at an average cost of C$6.20 per share, for a total transaction of C$310,310.00.

Cardinal Energy Price Performance

TSE CJ opened at C$6.32 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. The stock has a market capitalization of C$1.01 billion, a PE ratio of 8.66, 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. The company has a 50 day moving average price of C$6.43 and a two-hundred day moving average price of C$6.61.

Cardinal Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.39%. The ex-dividend date was Friday, November 29th. Cardinal Energy’s payout ratio is presently 98.63%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their price target on Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. BMO Capital Markets dropped their target price on Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th. Finally, CIBC lowered their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th.

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.