Cardinal Energy Ltd. (TSE:CJ) Director Sells C$16,825.00 in Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny sold 2,500 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of C$6.73, for a total value of C$16,825.00.

M. Scott Ratushny also recently made the following trade(s):

• On Friday, December 20th, M. Scott Ratushny bought 10,000 shares of Cardinal Energy stock. The shares were bought at an average cost of C$6.12 per share, for a total transaction of C$61,160.00.

Cardinal Energy Price Performance

Shares of CJ opened at C$6.75 on Monday. The company has a market capitalization of C$1.07 billion, a P/E ratio of 9.25, a P/E/G ratio of -0.26 and a beta of 2.81. The business’s 50-day moving average is C$6.43 and its two-hundred day moving average is C$6.60. 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 fifty-two week low of C$5.98 and a fifty-two week high of C$7.38.

Cardinal Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.06 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.72 annualized dividend and a yield of 10.67%. Cardinal Energy’s dividend payout ratio is presently 98.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. BMO Capital Markets reduced their price objective on Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th. Finally, CIBC dropped their target price on Cardinal Energy from C$8.75 to C$8.00 in a research report 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.