Key Points
- Insider sale: Director David Kelly sold 41,430 shares on October 24 at an average price of C$7.91 for C$327,711.30, reducing his stake by 25.25% to 122,624 shares (≈C$969,956).
- Dividend and payout warning: Cardinal declared a monthly C$0.06 dividend (ex-dividend Oct 31) that implies an 8.2% yield, but the dividend payout ratio is a high 150%, signaling potential sustainability concerns.
- Stock and analyst snapshot: CJ opened at C$8.83 (52-week range C$4.64–C$9.05) with a market cap of C$1.42B, low liquidity (current ratio 0.50) and high leverage (debt-to-equity 8.05); analysts raised targets recently but the consensus rating remains "Hold" with an average target of C$8.08.
Cardinal Energy Ltd. (TSE:CJ - Get Free Report) insider David Kelly sold 41,430 shares of the firm's stock in a transaction dated Friday, October 24th. The shares were sold at an average price of C$7.91, for a total transaction of C$327,711.30. Following the transaction, the insider directly owned 122,624 shares in the company, valued at approximately C$969,955.84. The trade was a 25.25% decrease in their position.
Cardinal Energy Stock Up 3.0%
CJ stock opened at C$8.83 on Friday. The firm's 50-day moving average is C$7.93 and its two-hundred day moving average is C$7.17. The company has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of -0.26 and a beta of 0.29. Cardinal Energy Ltd. has a 52 week low of C$4.64 and a 52 week high of C$9.05. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05.
Cardinal Energy (TSE:CJ - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.09 EPS for the quarter. Cardinal Energy had a net margin of 19.57% and a return on equity of 11.24%. The business had revenue of C$104.82 million for the quarter. On average, analysts forecast that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.
Cardinal Energy Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be issued a $0.06 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 8.2%. Cardinal Energy's dividend payout ratio is 150.00%.
Analyst Ratings Changes
CJ has been the topic of several research reports. CIBC boosted their price target on shares of Cardinal Energy from C$7.00 to C$8.25 in a research report on Wednesday, October 15th. Raymond James Financial raised shares of Cardinal Energy to a "hold" rating in a research note on Monday, September 22nd. Finally, Royal Bank Of Canada lifted their target price on Cardinal Energy from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$8.08.
View Our Latest Report on Cardinal Energy
About Cardinal Energy
(
Get Free Report)
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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