Cardinal Energy Ltd. (TSE:CJ) Senior Officer Sells C$82,800.00 in Stock

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 shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00.

Cardinal Energy Trading Down 0.3 %

Shares of CJ stock opened at C$6.79 on Thursday. Cardinal Energy Ltd. has a fifty-two week low of C$5.98 and a fifty-two week high of C$7.38. The company has a 50 day moving average price of C$6.48 and a 200 day moving average price of C$6.60. The stock has a market capitalization of C$1.08 billion, a P/E ratio of 9.30, 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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a $0.06 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.72 annualized dividend and a dividend yield of 10.60%. Cardinal Energy’s dividend payout ratio (DPR) is 98.63%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday. CIBC dropped their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.

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.