Insider Buying: Cardinal Energy Ltd. (TSE:CJ) Director Purchases 2,600 Shares of Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa purchased 2,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost 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 bought 6,400 shares of Cardinal Energy stock. The shares were purchased at an average price of C$6.40 per share, for a total transaction of C$40,960.00.

Cardinal Energy Stock Performance

Shares of TSE CJ traded up C$0.09 during mid-day trading on Wednesday, reaching C$6.35. 391,135 shares of the company were exchanged, compared to its average volume of 639,284. Cardinal Energy Ltd. has a twelve month low of C$5.75 and a twelve month high of C$7.38. The stock has a market capitalization of C$1.01 billion, a P/E ratio of 8.53, a P/E/G ratio of -0.26 and a beta of 2.81. The company’s 50-day simple moving average is C$6.46 and its 200-day simple moving average is C$6.72. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04.

Cardinal Energy Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 11.34%. Cardinal Energy’s payout ratio is 98.63%.

Analyst Ratings Changes

Several research analysts have recently weighed in 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 lowered their price target on Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada dropped their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th.

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.