Insider Selling: Cardinal Energy Ltd. (TSE:CJ) Director Sells 2,500 Shares of Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny sold 2,500 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of C$6.73, for a total transaction of C$16,825.00.

M. Scott Ratushny also recently made the following trade(s):

• On Friday, December 20th, M. Scott Ratushny bought 10,000 shares of Cardinal Energy stock. The stock was bought 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 TSE:CJ traded up C$0.09 during midday trading on Friday, reaching C$6.75. The company’s stock had a trading volume of 810,706 shares, compared to its average volume of 876,954. The business’s fifty day simple moving average is C$6.42 and its 200-day simple moving average is C$6.59. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. Cardinal Energy Ltd. has a fifty-two week low of C$5.98 and a fifty-two week high of C$7.38. The company has a market capitalization of C$1.07 billion, a P/E ratio of 9.25, a P/E/G ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.67%. The ex-dividend date was Friday, November 29th. Cardinal Energy’s payout ratio is presently 98.63%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CJ shares. BMO Capital Markets decreased their price target on Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th. Royal Bank of Canada dropped their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. Finally, CIBC reduced their price target on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th.

Cardinal Energy Company Profile

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.