Insider Buying: Cardinal Energy Ltd. (TSE:CJ) Director Acquires C$16,247.92 in Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa bought 2,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of C$6.25 per share, with a total value of C$16,247.92.

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

• On Wednesday, September 25th, John Albert Brussa acquired 6,400 shares of Cardinal Energy stock. The shares were bought at an average cost of C$6.40 per share, with a total value of C$40,960.00.

Cardinal Energy Trading Down 0.3 %

TSE CJ opened at C$6.43 on Friday. Cardinal Energy Ltd. has a one year low of C$5.75 and a one year high of C$7.38. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of C$1.02 billion, a P/E ratio of 8.81, a P/E/G ratio of -0.26 and a beta of 2.81. The stock’s 50-day moving average is C$6.45 and its 200-day moving average is C$6.71.

Cardinal Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date is Friday, November 29th. Cardinal Energy’s payout ratio is currently 98.63%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CJ shares. Royal Bank of Canada cut their target price on Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. CIBC cut their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets decreased their price objective on shares of Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.

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.