Cardinal Energy (TSE:CJ) Insider Kenneth Cory Lee Younger Sells 25,000 Shares

Cardinal Energy Ltd. (TSE:CJ) insider Kenneth Cory Lee Younger sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$12.64, for a total value of C$316,000.00. Following the completion of the transaction, the insider directly owned 129,338 shares in the company, valued at C$1,634,832.32. The trade was a 16.20% decrease in their ownership of the stock.

Cardinal Energy Price Performance

Shares of CJ traded up C$0.20 on Tuesday, hitting C$13.08. The company’s stock had a trading volume of 839,869 shares, compared to its average volume of 1,389,673. The company has a market capitalization of C$2.29 billion, a PE ratio of 218.00, a PEG ratio of -0.26 and a beta of 0.26. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.69 and a quick ratio of 0.67. Cardinal Energy Ltd. has a fifty-two week low of C$6.07 and a fifty-two week high of C$13.38. The company has a 50 day moving average price of C$11.39 and a 200 day moving average price of C$9.81.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. The business had revenue of C$109.19 million during the quarter. Cardinal Energy had a return on equity of 1.14% and a net margin of 2.09%. On average, research analysts anticipate that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, April 30th. Cardinal Energy’s payout ratio is presently 1,200.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BMO Capital Markets raised Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 target price on the stock in a report on Tuesday, April 7th. Canadian Imperial Bank of Commerce raised Cardinal Energy from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from C$7.75 to C$11.00 in a report on Thursday, February 5th. Raymond James Financial raised Cardinal Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$9.50 to C$13.00 in a report on Monday, March 30th. Finally, Royal Bank Of Canada upped their price objective on Cardinal Energy from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$12.00.

Cardinal Energy Company Profile

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.