Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director John Albert Brussa purchased 30,000 shares of Cardinal Energy stock in a transaction on Monday, April 7th. The stock was bought at an average price of C$5.42 per share, for a total transaction of C$162,600.00.
Cardinal Energy Price Performance
Cardinal Energy stock traded up C$0.22 during mid-day trading on Friday, reaching C$5.23. 799,307 shares of the company's stock traded hands, compared to its average volume of 771,854. Cardinal Energy Ltd. has a 12-month low of C$4.64 and a 12-month high of C$7.38. 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 stock has a 50 day moving average of C$6.21 and a two-hundred day moving average of C$6.39. The company has a market cap of C$834.79 million, a price-to-earnings ratio of 8.08, a PEG ratio of -0.26 and a beta of 2.81.
Cardinal Energy Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 13.77%. The ex-dividend date is Monday, March 31st. Cardinal Energy's dividend payout ratio is currently 111.27%.
Analysts Set New Price Targets
Several analysts have issued reports on CJ shares. BMO Capital Markets boosted their target price on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. CIBC cut their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Thursday. Finally, Atb Cap Markets cut shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th.
View Our Latest Stock Analysis on Cardinal Energy
About Cardinal Energy
(
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Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
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