John Albert Brussa Buys 2,600 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director John Albert Brussa acquired 2,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of C$6.25 per share, with a total value of C$16,247.92.

John Albert Brussa also recently made the following trade(s):

• On Wednesday, September 25th, John Albert Brussa acquired 6,400 shares of Cardinal Energy stock. The stock was bought at an average cost of C$6.40 per share, with a total value of C$40,960.00.

Cardinal Energy Stock Performance

Cardinal Energy stock opened at C$6.45 on Friday. The firm’s fifty day moving average price is C$6.45 and its 200-day moving average price is C$6.72. The stock has a market cap of C$1.03 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. Cardinal Energy Ltd. has a fifty-two week low of C$5.75 and a fifty-two week high of C$7.38. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73.

Cardinal Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.06 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.16%. Cardinal Energy’s dividend payout ratio (DPR) is 98.63%.

Wall Street Analyst Weigh In

Several brokerages have commented on CJ. CIBC cut their target price on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. BMO Capital Markets lowered their price objective on shares of Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada reduced their price target on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.