Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger Sells 12,000 Shares

Cardinal Energy Ltd. (TSE:CJ) Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total value of C$82,800.00.

Cardinal Energy Stock Performance

Shares of Cardinal Energy stock opened at C$6.63 on Friday. Cardinal Energy Ltd. has a one year low of C$5.98 and a one year 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. The business’s 50 day moving average price is C$6.49 and its 200 day moving average price is C$6.60. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 9.08, a PEG ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.72 dividend on an annualized basis and a yield of 10.86%. Cardinal Energy’s dividend payout ratio (DPR) is presently 98.63%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday. CIBC cut their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th.

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.