Heath Williamson Acquires 1,000 Shares of Cardinal Energy (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) insider Heath Williamson acquired 1,000 shares of Cardinal Energy stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of C$11.71 per share, with a total value of C$11,710.00. Following the purchase, the insider owned 9,745 shares in the company, valued at C$114,113.95. This represents a 11.44% increase in their ownership of the stock.

Heath Williamson also recently made the following trade(s):

• On Monday, May 25th, Heath Williamson bought 1,000 shares of Cardinal Energy stock. The shares were purchased at an average cost of C$12.29 per share, with a total value of C$12,290.00.

Cardinal Energy Price Performance

Shares of CJ opened at C$11.78 on Thursday. The company has a 50 day moving average of C$11.08 and a two-hundred day moving average of C$11.05. The company has a quick ratio of 0.67, a current ratio of 0.63 and a debt-to-equity ratio of 13.97. Cardinal Energy Ltd. has a twelve month low of C$7.04 and a twelve month high of C$13.38. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of -0.26 and a beta of 0.19.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. Cardinal Energy had a return on equity of 6.96% and a net margin of 10.69%.The business had revenue of C$193.44 million for the quarter. As a group, analysts predict that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, July 31st. Cardinal Energy’s dividend payout ratio is currently 205.71%.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered their price target on Cardinal Energy from C$14.00 to C$13.50 in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$12.62.

About Cardinal Energy

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.