John Festival Purchases 75,000 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Festival acquired 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of C$6.20 per share, with a total value of C$465,000.00.

John Festival also recently made the following trade(s):

• On Monday, November 11th, John Festival purchased 50,050 shares of Cardinal Energy stock. The stock was acquired at an average cost of C$6.20 per share, for a total transaction of C$310,310.00.

Cardinal Energy Stock Up 1.0 %

Shares of CJ stock opened at C$6.32 on Friday. The stock has a market cap of C$1.01 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a fifty day moving average price of C$6.43 and a 200 day moving average price of C$6.61. 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 firm also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.06 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 11.39%. Cardinal Energy’s payout ratio is currently 98.63%.

Analyst Upgrades and Downgrades

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

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.