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

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

Cardinal Energy Stock Down 7.5 %

CJ opened at C$5.29 on Tuesday. The business has a 50 day moving average of C$6.35 and a 200-day moving average of C$6.44. The stock has a market capitalization of C$844.36 million, a price-to-earnings ratio of 8.17, a P/E/G ratio of -0.26 and a beta of 2.81. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. Cardinal Energy Ltd. has a 1-year low of C$5.19 and a 1-year high of C$7.38.

Cardinal Energy Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 13.61%. The ex-dividend date of this dividend is Monday, March 31st. Cardinal Energy’s dividend payout ratio (DPR) is presently 111.27%.

Analyst Ratings Changes

Several research analysts recently commented on CJ shares. Atb Cap Markets downgraded shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on Cardinal Energy from C$7.00 to C$7.50 in a research note 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.