Cardinal Energy Ltd. (TSE:CJ) Director Acquires C$76,000.00 in Stock

Cardinal Energy Ltd. (TSE:CJ – Get Rating) Director John Albert Brussa acquired 10,000 shares of the stock in a transaction dated Monday, June 20th. The stock was acquired at an average price of C$7.60 per share, with a total value of C$76,000.00. Following the completion of the acquisition, the director now owns 3,576,354 shares in the company, valued at approximately C$27,180,290.40.

John Albert Brussa also recently made the following trade(s):

• On Wednesday, June 8th, John Albert Brussa acquired 10,000 shares of Cardinal Energy stock. The stock was acquired at an average price of C$8.75 per share, with a total value of C$87,500.00.
• On Monday, June 13th, John Albert Brussa acquired 20,000 shares of Cardinal Energy stock. The stock was acquired at an average price of C$8.20 per share, with a total value of C$164,000.00.
• On Monday, June 13th, John Albert Brussa acquired 20,000 shares of Cardinal Energy stock. The stock was acquired at an average price of C$8.20 per share, with a total value of C$164,000.00.
• On Monday, June 6th, John Albert Brussa bought 10,000 shares of Cardinal Energy stock. The stock was purchased at an average cost of C$8.76 per share, for a total transaction of C$87,600.00.

Shares of Cardinal Energy stock opened at C$7.68 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 19.49. The company’s fifty day simple moving average is C$8.08 and its two-hundred day simple moving average is C$6.58. The company has a market cap of C$1.23 billion and a P/E ratio of 3.40. Cardinal Energy Ltd. has a 12-month low of C$2.63 and a 12-month high of C$9.73.

Cardinal Energy (TSE:CJ – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported C$0.35 EPS for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.06. The business had revenue of C$174.34 million for the quarter. Analysts predict that Cardinal Energy Ltd. will post 0.82 EPS for the current fiscal year.

CJ has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Cardinal Energy from C$9.25 to C$11.00 in a research note on Monday, May 16th. Raymond James lifted their target price on shares of Cardinal Energy from C$7.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, March 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Cardinal Energy from C$6.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 15th.

About Cardinal Energy (Get Rating)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.

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