John Albert Brussa Buys 2,600 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa acquired 2,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average price of C$6.25 per share, for a total transaction of C$16,247.92.

John Albert Brussa also recently made the following trade(s):

• On Wednesday, September 25th, John Albert Brussa bought 6,400 shares of Cardinal Energy stock. The shares were acquired at an average price of C$6.40 per share, with a total value of C$40,960.00.

Cardinal Energy Trading Down 0.3 %

Shares of TSE:CJ opened at C$6.43 on Friday. The company has a 50-day simple moving average of C$6.45 and a 200 day simple moving average of C$6.71. The company has a market capitalization of C$1.02 billion, a P/E ratio of 8.81, a price-to-earnings-growth 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 52-week low of C$5.75 and a 52-week high of C$7.38.

Cardinal Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 11.20%. Cardinal Energy’s dividend payout ratio is currently 98.63%.

Analyst Ratings Changes

A number of research firms have recently commented on CJ. Royal Bank of Canada reduced their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. CIBC reduced their price target on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets dropped their price objective on Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th.

About Cardinal Energy

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.