Key Points
- Insider buying: Cardinal Energy insider Heath Williamson purchased 1,000 shares at C$11.71 each, increasing his direct holdings by 11.44% to 9,745 shares.
- Dividend: The company paid a monthly C$0.06 dividend, representing a reported 6.1% annualized yield, though its payout ratio stood at 205.71%.
- Analyst outlook: Cardinal Energy has a consensus “Buy” rating with a C$12.62 price target; RBC recently lowered its target from C$14.00 to C$13.50.
Cardinal Energy Ltd. (TSE:CJ - Get Free Report) insider Heath Williamson purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of C$11.71 per share, with a total value of C$11,710.00. Following the completion of the transaction, the insider directly owned 9,745 shares of the company's stock, valued at C$114,113.95. This represents a 11.44% increase in their position.
Heath Williamson also recently made the following trade(s):
- On Monday, May 25th, Heath Williamson acquired 1,000 shares of Cardinal Energy stock. The stock was purchased at an average price of C$12.29 per share, for a total transaction of C$12,290.00.
Cardinal Energy Trading Down 0.4%
Shares of CJ stock opened at C$11.71 on Wednesday. Cardinal Energy Ltd. has a fifty-two week low of C$7.04 and a fifty-two week high of C$13.38. The company has a debt-to-equity ratio of 13.97, a quick ratio of 0.67 and a current ratio of 0.63. The stock's fifty day moving average is C$11.08 and its two-hundred day moving average is C$11.03. The firm has a market capitalization of C$2.06 billion, a P/E ratio of 33.46, a PEG ratio of -0.26 and a beta of 0.19.
Cardinal Energy (TSE:CJ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$193.44 million for the quarter. Cardinal Energy had a net margin of 10.69% and a return on equity of 6.96%. Research analysts expect that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.
Cardinal Energy Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were issued a $0.06 dividend. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.1%. Cardinal Energy's dividend payout ratio is presently 205.71%.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada lowered their target price on Cardinal Energy from C$14.00 to C$13.50 in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$12.62.
Read Our Latest Research Report on CJ
Cardinal Energy Company Profile
(
Get Free Report)
Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company's portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.
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