Cardinal Energy Ltd. (TSE:CJ) Director Purchases C$162,600.00 in Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa purchased 30,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of C$5.42 per share, for a total transaction of C$162,600.00.

Cardinal Energy Trading Down 7.2 %

Shares of TSE:CJ traded down C$0.41 during midday trading on Monday, hitting C$5.31. 2,428,549 shares of the stock were exchanged, compared to its average volume of 705,013. The business’s 50-day moving average price is C$6.38 and its 200 day moving average price is C$6.45. The stock has a market capitalization of C$847.55 million, a price-to-earnings ratio of 8.21, a P/E/G ratio of -0.26 and a beta of 2.81. Cardinal Energy Ltd. has a 12 month low of C$5.19 and a 12 month high of C$7.38. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50.

Cardinal Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 13.56%. The ex-dividend date is Monday, March 31st. Cardinal Energy’s payout ratio is currently 111.27%.

Wall Street Analyst Weigh In

CJ has been the topic of a number of research analyst reports. Atb Cap Markets downgraded shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.

Cardinal Energy Company Profile

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.