Insider Buying: Cardinal Energy Ltd. (TSE:CJ) Director Buys 10,000 Shares of Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny bought 10,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of C$6.12 per share, with a total value of C$61,160.00.

Cardinal Energy Trading Up 1.3 %

Shares of CJ stock opened at C$6.11 on Monday. The company’s 50-day moving average price is C$6.44 and its 200-day moving average price is C$6.61. Cardinal Energy Ltd. has a twelve month low of C$5.98 and a twelve month high of C$7.38. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. The stock has a market cap of C$972.59 million, a price-to-earnings ratio of 8.37, a PEG ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 11.78%. Cardinal Energy’s payout ratio is currently 98.63%.

Analyst Ratings Changes

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

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.