Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger Sells 5,000 Shares

Cardinal Energy Ltd. (TSE:CJGet Rating) Senior Officer Kenneth Cory Lee Younger sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 29th. The stock was sold at an average price of C$4.20, for a total value of C$21,000.00. Following the sale, the insider now owns 77,272 shares of the company’s stock, valued at approximately C$324,542.40.

TSE CJ traded down C$0.81 on Thursday, reaching C$6.87. The stock had a trading volume of 1,384,066 shares, compared to its average volume of 1,404,614. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.94 and a current ratio of 0.94. Cardinal Energy Ltd. has a 12-month low of C$2.63 and a 12-month high of C$9.73. The business’s 50-day moving average price is C$8.08 and its 200 day moving average price is C$6.58. The stock has a market cap of C$1.10 billion and a P/E ratio of 3.04.

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

Several equities research analysts recently weighed in on CJ shares. Raymond James boosted their target price on Cardinal Energy from C$7.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, March 25th. Stifel Nicolaus boosted their target price on Cardinal Energy from C$9.25 to C$11.00 in a research note on Monday, May 16th. Finally, Royal Bank of Canada boosted their price objective on Cardinal Energy from C$6.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 15th.

About Cardinal Energy (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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