Cardinal Energy Ltd. (TSE:CJ) Director Acquires C$310,310.00 in Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Festival bought 50,050 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of C$6.20 per share, for a total transaction of C$310,310.00.

Cardinal Energy Stock Up 0.8 %

Shares of CJ stock opened at C$6.31 on Thursday. Cardinal Energy Ltd. has a one year low of C$5.75 and a one 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 stock has a fifty day moving average price of C$6.45 and a 200 day moving average price of C$6.72. The stock has a market cap of C$1.00 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

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 given 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 11.41%. Cardinal Energy’s dividend payout ratio (DPR) is currently 98.63%.

Wall Street Analysts Forecast Growth

CJ has been the subject of several research reports. Royal Bank of Canada reduced their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. BMO Capital Markets decreased 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, CIBC cut their price objective on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th.

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.