Cardinal Energy (TSE:CJ) Insider Buys 1,000 Shares of Stock

Key Points

• Insider buying: Heath Williamson purchased 1,000 Cardinal Energy shares at C$11.71 each, increasing his holdings by 11.44% to 9,745 shares.
• Stock and financial performance: Cardinal shares slipped 0.5% to C$11.70, while the company reported quarterly EPS of C$0.38 and revenue of C$193.44 million.
• Dividend and analyst view: Cardinal paid a monthly dividend of C$0.06 per share, representing a 6.2% yield. Analysts maintain an overall “Buy” rating with an average target price of C$12.62, despite RBC lowering its target to C$13.50.

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) insider Heath Williamson purchased 1,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of C$11.71 per share, with a total value of C$11,710.00. Following the transaction, the insider owned 9,745 shares of the company's stock, valued at C$114,113.95. This trade represents a 11.44% increase in their position.

Heath Williamson also recently made the following trade(s):

• On Monday, May 25th, Heath Williamson purchased 1,000 shares of Cardinal Energy stock. The shares were purchased at an average price of C$12.29 per share, with a total value of C$12,290.00.

Cardinal Energy Trading Down 0.5%

Shares of Cardinal Energy stock traded down C$0.06 during trading hours on Tuesday, reaching C$11.70. The stock had a trading volume of 578,490 shares, compared to its average volume of 1,247,612. The firm has a 50 day simple moving average of C$11.08 and a two-hundred day simple moving average of C$11.01. The firm has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of -0.26 and a beta of 0.19. The company has a current ratio of 0.63, a quick ratio of 0.67 and a debt-to-equity ratio of 13.97. Cardinal Energy Ltd. has a 1 year low of C$7.04 and a 1 year high of C$13.38.

Cardinal Energy (TSE:CJ - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. The business had revenue of C$193.44 million during the quarter. Cardinal Energy had a return on equity of 6.96% and a net margin of 10.69%. As a group, equities research analysts anticipate that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current year.

Cardinal Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, July 31st. Cardinal Energy's payout ratio is currently 205.71%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut their target price on shares of Cardinal Energy from C$14.00 to C$13.50 in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$12.62.

Cardinal Energy Company Profile

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company's portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.

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