Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director John Festival acquired 75,000 shares of the stock in a transaction dated 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 stock was purchased at an average cost of C$6.20 per share, with a total value of C$310,310.00.
Cardinal Energy Price Performance
Cardinal Energy stock traded up C$0.06 during mid-day trading on Tuesday, reaching C$6.32. 248,622 shares of the company's stock traded hands, compared to its average volume of 649,587. 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 quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. The stock has a 50 day moving average of C$6.43 and a two-hundred day moving average of C$6.61. The company has a market cap of C$1.01 billion, a price-to-earnings ratio of 8.66, a PEG ratio of -0.26 and a beta of 2.81.
Cardinal Energy Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 11.39%. Cardinal Energy's dividend payout ratio (DPR) is presently 98.63%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. CIBC reduced their price objective on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Royal Bank of Canada reduced their price target on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Finally, BMO Capital Markets dropped their price objective on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.
View Our Latest Stock Analysis on Cardinal Energy
About Cardinal Energy
(
Get Free Report)
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.
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