Cardinal Energy Ltd. (TSE:CJ – Get Free Report) insider Heath Williamson acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of C$11.71 per share, with a total value of C$11,710.00. Following the completion of the transaction, the insider owned 9,745 shares in the company, valued at C$114,113.95. The trade was 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 acquired at an average price of C$12.29 per share, with a total value of C$12,290.00.
Cardinal Energy Stock Down 0.5%
Shares of TSE CJ traded down C$0.06 during midday trading on Tuesday, reaching C$11.70. 578,490 shares of the company’s stock were exchanged, compared to its average volume of 1,247,612. Cardinal Energy Ltd. has a 52-week low of C$7.04 and a 52-week high of C$13.38. The stock has a market capitalization of C$2.06 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of -0.26 and a beta of 0.19. The company has a debt-to-equity ratio of 13.97, a quick ratio of 0.67 and a current ratio of 0.63. The business’s fifty day moving average price is C$11.08 and its two-hundred day moving average price is C$11.01.
Cardinal Energy Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a yield of 6.2%. Cardinal Energy’s payout ratio is currently 205.71%.
Analyst Ratings Changes
Separately, Royal Bank Of Canada reduced their target price on Cardinal Energy from C$14.00 to C$13.50 in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$12.62.
Get Our Latest Stock Analysis on Cardinal Energy
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.
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