Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa Acquires 6,400 Shares

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa purchased 6,400 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of C$6.40 per share, for a total transaction of C$40,960.00.

Cardinal Energy Stock Performance

Cardinal Energy stock opened at C$6.36 on Friday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market capitalization of C$1.01 billion, a PE ratio of 8.71, a P/E/G ratio of -0.26 and a beta of 2.84. The company has a 50 day moving average price of C$6.74 and a 200-day moving average price of C$6.83. Cardinal Energy Ltd. has a fifty-two week low of C$5.75 and a fifty-two week high of C$7.96.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.08). Cardinal Energy had a net margin of 22.78% and a return on equity of 12.73%. The firm had revenue of C$169.35 million for the quarter, compared to the consensus estimate of C$164.70 million. As a group, equities analysts forecast that Cardinal Energy Ltd. will post 0.8847737 earnings per share for the current year.

Cardinal Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.72 annualized dividend and a dividend yield of 11.32%. Cardinal Energy’s payout ratio is currently 98.63%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CJ shares. BMO Capital Markets decreased their price objective on Cardinal Energy from C$8.00 to C$7.50 in a report on Wednesday, July 3rd. CIBC upped their target price on Cardinal Energy from C$8.50 to C$8.75 in a research note on Monday, July 15th. Finally, Royal Bank of Canada dropped their price objective on Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Cardinal Energy presently has an average rating of “Hold” and a consensus target price of C$8.05.

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.