Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director M. Scott Ratushny bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average cost of C$6.12 per share, with a total value of C$61,160.00.
Cardinal Energy Stock Up 1.3 %
Shares of Cardinal Energy stock traded up C$0.08 during trading on Friday, hitting C$6.11. 560,476 shares of the stock traded hands, compared to its average volume of 651,611. The stock has a market cap of C$972.59 million, a P/E ratio of 8.37, a PEG ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. Cardinal Energy Ltd. has a twelve month low of C$5.98 and a twelve month high of C$7.38. The company has a fifty day moving average price of C$6.45 and a two-hundred day moving average price of C$6.62.
Cardinal Energy Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.06 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.72 annualized dividend and a yield of 11.78%. Cardinal Energy's dividend payout ratio (DPR) is currently 98.63%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CJ. CIBC dropped their price target on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Royal Bank of Canada decreased their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. Finally, BMO Capital Markets decreased their price objective on Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th.
View Our Latest Stock Report on CJ
About Cardinal Energy
(
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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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