M. Scott Ratushny Purchases 10,000 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny purchased 10,000 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were purchased at an average cost of C$5.00 per share, for a total transaction of C$50,000.00.

Cardinal Energy Stock Performance

Shares of CJ stock opened at C$5.23 on Friday. Cardinal Energy Ltd. has a 52 week low of C$4.64 and a 52 week high of C$7.38. The company has a market capitalization of C$834.79 million, a price-to-earnings ratio of 8.08, a PEG ratio of -0.26 and a beta of 2.81. The company has a 50-day simple moving average of C$6.21 and a 200 day simple moving average of C$6.39. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50.

Cardinal Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 13.77%. The ex-dividend date of this dividend is Monday, March 31st. Cardinal Energy’s payout ratio is 111.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CJ. CIBC dropped their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Thursday. BMO Capital Markets boosted their price target on Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th. Finally, Atb Cap Markets cut Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th.

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.