Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director John Albert Brussa bought 27,000 shares of Cardinal Energy stock in a transaction dated Thursday, April 4th. The shares were purchased at an average cost of C$6.99 per share, for a total transaction of C$188,670.60.
Cardinal Energy Trading Down 0.7 %
CJ opened at C$6.97 on Friday. Cardinal Energy Ltd. has a 12-month low of C$5.75 and a 12-month high of C$7.96. The company has a debt-to-equity ratio of 5.44, a current ratio of 0.54 and a quick ratio of 0.67. The stock has a market capitalization of C$1.10 billion, a PE ratio of 10.72, a P/E/G ratio of -0.26 and a beta of 2.99. The firm's fifty day moving average price is C$6.65 and its 200 day moving average price is C$6.78.
Cardinal Energy Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.33%. Cardinal Energy's dividend payout ratio (DPR) is presently 110.77%.
Analysts Set New Price Targets
A number of brokerages have commented on CJ. Raymond James cut their price objective on shares of Cardinal Energy from C$9.00 to C$8.50 and set a "market perform" rating on the stock in a report on Friday, January 19th. ATB Capital cut their price target on Cardinal Energy from C$9.50 to C$8.50 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. Finally, CIBC reduced their price target on Cardinal Energy from C$9.00 to C$8.00 and set a "neutral" rating for the company in a report on Tuesday, January 16th.
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Read Our Latest Stock Report on Cardinal Energy
Cardinal Energy Company Profile
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Cardinal Energy Ltd. engages in the acquisition, exploration, 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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