John Festival Purchases 6,925 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director John Festival acquired 6,925 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of C$6.13 per share, with a total value of C$42,450.25.

John Festival also recently made the following trade(s):

• On Thursday, May 15th, John Festival bought 50,000 shares of Cardinal Energy stock. The stock was purchased at an average price of C$6.10 per share, with a total value of C$305,000.00.

Cardinal Energy Stock Up 0.2%

Cardinal Energy stock traded up C$0.01 during mid-day trading on Thursday, hitting C$6.31. 38,088 shares of the company's stock were exchanged, compared to its average volume of 739,509. Cardinal Energy Ltd. has a 1-year low of C$4.64 and a 1-year high of C$7.19. The stock has a 50 day moving average of C$5.96 and a two-hundred day moving average of C$6.28. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The stock has a market cap of C$1.01 billion, a P/E ratio of 9.75, a P/E/G ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date of this dividend was Wednesday, April 30th. Cardinal Energy's dividend payout ratio (DPR) is 111.27%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CJ shares. Royal Bank of Canada upgraded Cardinal Energy from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$7.00 to C$7.50 in a research report on Thursday, April 17th. CIBC decreased their price target on Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th. Finally, Atb Cap Markets lowered shares of Cardinal Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th.

Cardinal Energy Company Profile

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.