Cardinal Energy (TSE:CJ) Insider Kenneth Cory Lee Younger Sells 25,000 Shares

Cardinal Energy Ltd. (TSE:CJGet Free Report) insider Kenneth Cory Lee Younger sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$12.64, for a total value of C$316,000.00. Following the sale, the insider directly owned 129,338 shares in the company, valued at approximately C$1,634,832.32. This represents a 16.20% decrease in their position.

Cardinal Energy Trading Up 1.9%

TSE CJ opened at C$13.13 on Wednesday. The firm has a market cap of C$2.30 billion, a P/E ratio of 218.83, a P/E/G ratio of -0.26 and a beta of 0.26. The company has a debt-to-equity ratio of 18.36, a current ratio of 0.69 and a quick ratio of 0.67. The stock’s 50-day moving average is C$11.45 and its 200-day moving average is C$9.85. Cardinal Energy Ltd. has a one year low of C$6.07 and a one year high of C$13.38.

Cardinal Energy (TSE:CJGet Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. The business had revenue of C$109.19 million for the quarter. Cardinal Energy had a return on equity of 1.14% and a net margin of 2.09%. Sell-side analysts anticipate that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Cardinal Energy’s dividend payout ratio (DPR) is currently 1,200.00%.

Analysts Set New Price Targets

CJ has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price target on Cardinal Energy from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce raised Cardinal Energy from a “hold” rating to a “strong-buy” rating and lifted their target price for the company from C$7.75 to C$11.00 in a research report on Thursday, February 5th. BMO Capital Markets raised Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 target price on the stock in a research report on Tuesday, April 7th. Finally, Raymond James Financial raised Cardinal Energy from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$9.50 to C$13.00 in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$12.00.

View Our Latest Research Report on Cardinal Energy

Cardinal Energy Company Profile

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Cardinal Energy (TSE:CJ)

Receive News & Ratings for Cardinal Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Energy and related companies with MarketBeat.com's FREE daily email newsletter.