John Festival Acquires 50,050 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Festival acquired 50,050 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of C$6.20 per share, with a total value of C$310,310.00.

Cardinal Energy Stock Up 0.8 %

TSE:CJ opened at C$6.31 on Thursday. The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of -0.26 and a beta of 2.81. 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 stock’s fifty day moving average price is C$6.45 and its two-hundred day moving average price is C$6.72. Cardinal Energy Ltd. has a 52-week low of C$5.75 and a 52-week high of C$7.38.

Cardinal Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.41%. The ex-dividend date is Friday, November 29th. Cardinal Energy’s dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th. CIBC lowered their target price on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada reduced their price target on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th.

Cardinal Energy Company Profile

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.