Cardinal Energy Ltd. (TSE:CJ) Director Acquires C$76,000.00 in Stock

Cardinal Energy Ltd. (TSE:CJGet Rating) Director John Albert Brussa bought 10,000 shares of the stock in a transaction on Monday, June 20th. The shares were bought at an average price of C$7.60 per share, for a total transaction of C$76,000.00. Following the purchase, the director now directly owns 3,576,354 shares in the company, valued at approximately C$27,180,290.40.

John Albert Brussa also recently made the following trade(s):

  • On Wednesday, June 8th, John Albert Brussa purchased 10,000 shares of Cardinal Energy stock. The shares were acquired at an average cost of C$8.75 per share, with a total value of C$87,500.00.
  • On Monday, June 13th, John Albert Brussa purchased 20,000 shares of Cardinal Energy stock. The shares were acquired at an average cost of C$8.20 per share, with a total value of C$164,000.00.
  • On Monday, June 13th, John Albert Brussa purchased 20,000 shares of Cardinal Energy stock. The shares were acquired at an average cost of C$8.20 per share, with a total value of C$164,000.00.
  • On Monday, June 6th, John Albert Brussa purchased 10,000 shares of Cardinal Energy stock. The shares were acquired at an average cost of C$8.76 per share, with a total value of C$87,600.00.

Shares of CJ opened at C$7.68 on Thursday. The company has a debt-to-equity ratio of 19.49, a current ratio of 0.94 and a quick ratio of 0.94. Cardinal Energy Ltd. has a 1 year low of C$2.63 and a 1 year high of C$9.73. The company has a 50 day simple moving average of C$8.08 and a two-hundred day simple moving average of C$6.58. The firm has a market cap of C$1.23 billion and a P/E ratio of 3.40.

Cardinal Energy (TSE:CJGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.06. The company had revenue of C$174.34 million for the quarter. On average, sell-side analysts anticipate that Cardinal Energy Ltd. will post 0.82 earnings per share for the current year.

CJ has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Cardinal Energy from C$6.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 15th. Raymond James increased 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 report on Friday, March 25th. Finally, Stifel Nicolaus increased their target price on shares of Cardinal Energy from C$9.25 to C$11.00 in a report on Monday, May 16th.

About Cardinal Energy (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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