Cardinal Energy Ltd. (TSE:CJ - Get Rating) Senior Officer Kenneth Cory Lee Younger sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, September 29th. The stock was sold at an average price of C$4.20, for a total transaction of C$21,000.00. Following the transaction, the insider now owns 77,272 shares in the company, valued at C$324,542.40.
Shares of CJ traded down C$0.81 on Thursday, reaching C$6.87. 1,384,066 shares of the company's stock were exchanged, compared to its average volume of 1,404,614. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 19.49. The stock has a market capitalization of C$1.10 billion and a P/E ratio of 3.04. The business has a 50 day moving average price of C$8.08 and a two-hundred day moving average price of C$6.58. Cardinal Energy Ltd. has a 12 month low of C$2.63 and a 12 month high of C$9.73.
Cardinal Energy (TSE:CJ - Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C$0.35 earnings per share for the quarter, topping analysts' consensus estimates of C$0.29 by C$0.06. The business had revenue of C$174.34 million for the quarter. Equities research analysts predict that Cardinal Energy Ltd. will post 0.82 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Cardinal Energy from C$9.25 to C$11.00 in a research report on Monday, May 16th. Raymond James upped their target price on shares of Cardinal Energy from C$7.00 to C$8.50 and gave the stock an "outperform" rating in a research report on Friday, March 25th. Finally, Royal Bank of Canada upped their target price on shares of Cardinal Energy from C$6.00 to C$8.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 15th.
Cardinal Energy Company Profile (Get Rating)
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.
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