Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny Acquires 10,000 Shares of Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny bought 10,000 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of C$6.12 per share, with a total value of C$61,160.00.

Cardinal Energy Price Performance

Shares of CJ opened at C$6.11 on Friday. The business has a 50-day moving average of C$6.44 and a 200-day moving average of C$6.62. 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 company has a market capitalization of C$972.59 million, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. Cardinal Energy Ltd. has a 1 year low of C$5.98 and a 1 year high of C$7.38.

Cardinal Energy Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, November 29th. This represents a $0.72 annualized dividend and a yield of 11.78%. Cardinal Energy’s payout ratio is 98.63%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CJ. Royal Bank of Canada lowered their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. BMO Capital Markets cut their price objective on Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th. Finally, CIBC dropped their target price on Cardinal Energy from C$8.75 to C$8.00 in a research 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.