Kenneth Cory Lee Younger Sells 12,000 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00.

Cardinal Energy Stock Performance

TSE:CJ opened at C$6.63 on Friday. Cardinal Energy Ltd. has a fifty-two week low of C$5.98 and a fifty-two week high of C$7.38. The firm has a market capitalization of C$1.06 billion, a PE ratio of 9.08, a PEG ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The stock’s fifty day moving average is C$6.49 and its 200 day moving average is C$6.60.

Cardinal Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.86%. The ex-dividend date is Friday, January 31st. Cardinal Energy’s dividend payout ratio (DPR) is presently 98.63%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday. CIBC lowered their price target on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th.

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.