John Albert Brussa Acquires 6,400 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa acquired 6,400 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$6.40 per share, for a total transaction of C$40,960.00.

Cardinal Energy Stock Down 0.6 %

CJ stock opened at C$6.36 on Friday. The company has a market cap of C$1.01 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of -0.26 and a beta of 2.84. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The business’s 50-day moving average is C$6.74 and its two-hundred day moving average is C$6.83. Cardinal Energy Ltd. has a fifty-two week low of C$5.75 and a fifty-two week high of C$7.96.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. The company had revenue of C$169.35 million during the quarter, compared to the consensus estimate of C$164.70 million. As a group, analysts forecast that Cardinal Energy Ltd. will post 0.8847737 earnings per share for the current year.

Cardinal Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.32%. Cardinal Energy’s dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analysts Forecast Growth

CJ has been the topic of several recent analyst reports. BMO Capital Markets dropped their price objective on Cardinal Energy from C$8.00 to C$7.50 in a research report on Wednesday, July 3rd. Royal Bank of Canada lowered their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. Finally, CIBC lifted their price target on shares of Cardinal Energy from C$8.50 to C$8.75 in a research note on Monday, July 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Cardinal Energy presently has a consensus rating of “Hold” and a consensus price target of C$8.05.

Cardinal Energy Company Profile

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.