Cardinal Energy Ltd. (TSE:CJ) Director John Festival Buys 50,050 Shares

Cardinal Energy Ltd. (TSE:CJ) Director John Festival bought 50,050 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of C$6.20 per share, for a total transaction of C$310,310.00.

Cardinal Energy Price Performance

Cardinal Energy Ltd. has a 12-month low of C$5.75 and a 12-month high of C$7.38. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. The firm’s fifty day moving average price is C$6.46 and its 200-day moving average price is C$6.72. The stock has a market capitalization of C$996.47 million, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of ?. The ex-dividend date is Thursday, October 31st. Cardinal Energy’s dividend payout ratio is presently 98.63%.

Wall Street Analyst Weigh In

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

Cardinal Energy Company Profile

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.