Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director John Festival purchased 6,925 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of C$6.13 per share, for a total transaction of C$42,450.25.
John Festival also recently made the following trade(s):
- On Thursday, May 15th, John Festival acquired 50,000 shares of Cardinal Energy stock. The stock was acquired at an average cost of C$6.10 per share, for a total transaction of C$305,000.00.
Cardinal Energy Trading Down 2.7%
CJ traded down C$0.17 during trading on Friday, reaching C$6.14. 384,560 shares of the stock traded hands, compared to its average volume of 737,801. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The stock has a market capitalization of C$980.03 million, a PE ratio of 9.49, a P/E/G ratio of -0.26 and a beta of 2.81. The stock's 50-day moving average is C$5.94 and its 200 day moving average is C$6.28. Cardinal Energy Ltd. has a 12 month low of C$4.64 and a 12 month high of C$7.19.
Cardinal Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 11.73%. Cardinal Energy's dividend payout ratio is currently 111.27%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. CIBC reduced their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th. Royal Bank of Canada raised shares of Cardinal Energy from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$7.00 to C$7.50 in a research note on Thursday, April 17th.
Read Our Latest Stock Report on Cardinal Energy
About Cardinal Energy
(
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Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.
Further Reading
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