Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger Sells 12,000 Shares

Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total value of C$82,800.00.

Cardinal Energy Stock Performance

TSE:CJ opened at C$6.79 on Thursday. The company’s 50-day moving average is C$6.48 and its two-hundred day moving average is C$6.60. Cardinal Energy Ltd. has a 1-year low of C$5.98 and a 1-year high of C$7.38. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 9.30, a PEG ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.60%. The ex-dividend date of this dividend is Friday, January 31st. Cardinal Energy’s dividend payout ratio is presently 98.63%.

Wall Street Analysts Forecast Growth

CJ has been the topic of several recent research reports. CIBC lowered their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. BMO Capital Markets upped their price target on Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday.

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.