Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa Acquires 2,600 Shares

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa purchased 2,600 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of C$6.25 per share, for a total transaction of C$16,247.92.

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

• On Wednesday, September 25th, John Albert Brussa acquired 6,400 shares of Cardinal Energy stock. The stock was acquired at an average cost of C$6.40 per share, for a total transaction of C$40,960.00.

Cardinal Energy Stock Performance

TSE:CJ opened at C$6.45 on Friday. The stock has a 50-day moving average price of C$6.45 and a 200 day moving average price of C$6.72. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. Cardinal Energy Ltd. has a 12-month low of C$5.75 and a 12-month high of C$7.38. The stock has a market capitalization of C$1.03 billion, a P/E ratio of 8.84, a P/E/G ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.16%. The ex-dividend date of this dividend is Friday, November 29th. Cardinal Energy’s dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. CIBC lowered their target price on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Royal Bank of Canada cut their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. Finally, BMO Capital Markets decreased their target price on shares of Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th.

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.