Heath Williamson Acquires 1,000 Shares of Cardinal Energy (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) insider Heath Williamson acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 25th. The shares were bought at an average price of C$12.29 per share, for a total transaction of C$12,290.00. Following the completion of the purchase, the insider owned 8,745 shares of the company’s stock, valued at approximately C$107,476.05. This represents a 12.91% increase in their ownership of the stock.

Cardinal Energy Stock Performance

Shares of TSE CJ traded down C$0.51 during midday trading on Monday, reaching C$12.07. 988,181 shares of the company traded hands, compared to its average volume of 1,384,711. Cardinal Energy Ltd. has a 52 week low of C$6.12 and a 52 week high of C$13.38. The stock has a 50-day moving average price of C$11.63 and a 200 day moving average price of C$9.98. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.69 and a quick ratio of 0.67. The company has a market cap of C$2.12 billion, a price-to-earnings ratio of 201.17, a PEG ratio of -0.26 and a beta of 0.26.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings data on Thursday, March 12th. The company reported C($0.18) earnings per share for the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. The company had revenue of C$109.19 million for the quarter. Sell-side analysts anticipate that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be given a $0.06 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a yield of 6.0%. Cardinal Energy’s payout ratio is 1,200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CJ shares. Canadian Imperial Bank of Commerce upgraded shares of Cardinal Energy from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from C$7.75 to C$11.00 in a research report on Thursday, February 5th. Raymond James Financial upgraded shares of Cardinal Energy from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$9.50 to C$13.00 in a research report on Monday, March 30th. BMO Capital Markets upgraded shares of Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 price target on the stock in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Cardinal Energy from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$12.00.

About Cardinal Energy

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.