John Albert Brussa Purchases 30,000 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa bought 30,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of C$5.42 per share, with a total value of C$162,600.00.

Cardinal Energy Stock Performance

Cardinal Energy stock opened at C$4.99 on Wednesday. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. Cardinal Energy Ltd. has a one year low of C$4.91 and a one year high of C$7.38. The stock’s 50 day moving average price is C$6.29 and its 200 day moving average price is C$6.42. The firm has a market capitalization of C$796.48 million, a PE ratio of 7.71, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a $0.06 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 14.43%. Cardinal Energy’s dividend payout ratio (DPR) is presently 111.27%.

Analyst Ratings Changes

Several research firms have issued reports on CJ. Atb Cap Markets downgraded shares of Cardinal Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on shares of Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th.

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.