Insider Buying: Cardinal Energy Ltd. (TSE:CJ) Director Buys C$61,160.00 in Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of C$6.12 per share, with a total value of C$61,160.00.

Cardinal Energy Price Performance

Shares of TSE CJ opened at C$6.11 on Monday. The firm has a market cap of C$972.59 million, a PE ratio of 8.37, a PEG ratio of -0.26 and a beta of 2.81. The firm has a fifty day moving average of C$6.44 and a 200 day moving average of C$6.61. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. Cardinal Energy Ltd. has a one year low of C$5.98 and a one year high of C$7.38.

Cardinal Energy Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 11.78%. The ex-dividend date was Friday, November 29th. Cardinal Energy’s payout ratio is presently 98.63%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CJ shares. 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. Royal Bank of Canada decreased their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. Finally, CIBC decreased their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.

About Cardinal Energy

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.