Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger Acquires 20,000 Shares of Stock

Cardinal Energy Ltd. (TSE:CJGet Rating) Senior Officer Kenneth Cory Lee Younger bought 20,000 shares of the company’s stock in a transaction dated Thursday, March 3rd. The stock was bought at an average price of C$6.95 per share, for a total transaction of C$139,000.00. Following the acquisition, the insider now directly owns 97,272 shares of the company’s stock, valued at C$676,040.40.

Cardinal Energy stock traded down C$0.81 during mid-day trading on Thursday, reaching C$6.87. 1,384,066 shares of the company’s stock were exchanged, compared to its average volume of 1,404,614. The business’s fifty day simple moving average is C$8.08 and its 200 day simple moving average is C$6.58. The firm has a market capitalization of C$1.10 billion and a PE ratio of 3.11. Cardinal Energy Ltd. has a one year low of C$2.63 and a one year high of C$9.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 19.49.

Cardinal Energy (TSE:CJGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C$0.35 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.06. The business had revenue of C$174.34 million for the quarter. On average, sell-side analysts forecast that Cardinal Energy Ltd. will post 0.82 earnings per share for the current year.

A number of research firms have recently weighed in on CJ. Royal Bank of Canada raised their target price on Cardinal Energy from C$6.00 to C$8.00 and gave the company a “sector perform” rating in a report on Tuesday, March 15th. Stifel Nicolaus raised their target price on Cardinal Energy from C$9.25 to C$11.00 in a report on Monday, May 16th. Finally, Raymond James raised their target price on Cardinal Energy from C$7.00 to C$8.50 and gave the company an “outperform” rating in a report on Friday, March 25th.

Cardinal Energy Company Profile (Get Rating)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.

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