David Kelly Sells 41,430 Shares of Cardinal Energy (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) insider David Kelly sold 41,430 shares of Cardinal Energy stock in a transaction on Friday, October 24th. The stock was sold at an average price of C$7.91, for a total transaction of C$327,711.30. Following the sale, the insider directly owned 122,624 shares of the company’s stock, valued at C$969,955.84. This represents a 25.25% decrease in their ownership of the stock.

Cardinal Energy Price Performance

CJ traded up C$0.26 during midday trading on Friday, hitting C$8.83. The stock had a trading volume of 977,553 shares, compared to its average volume of 767,165. Cardinal Energy Ltd. has a 1 year low of C$4.64 and a 1 year high of C$9.05. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The business has a fifty day moving average of C$7.93 and a 200 day moving average of C$7.16. The company has a market cap of C$1.42 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of -0.26 and a beta of 0.29.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, November 6th. The company reported C$0.09 earnings per share (EPS) for the quarter. Cardinal Energy had a net margin of 19.57% and a return on equity of 11.24%. The firm had revenue of C$104.82 million for the quarter. As a group, equities analysts forecast that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, October 31st. Cardinal Energy’s dividend payout ratio (DPR) is currently 150.00%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CJ shares. Raymond James Financial raised Cardinal Energy to a “hold” rating in a research note on Monday, September 22nd. CIBC upped their price objective on shares of Cardinal Energy from C$7.00 to C$8.25 in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada lifted their target price on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$8.08.

Cardinal Energy Company Profile

Cardinal Energy Ltd is an oil-focused Canadian company. The company’s principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.