Insider Buying: Cardinal Energy (TSE:CJ) Insider Purchases C$11,710.00 in Stock

Cardinal Energy Ltd. (TSE:CJ) insider Heath Williamson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of C$11.71 per share, with a total value of C$11,710.00. Following the completion of the acquisition, the insider directly owned 9,745 shares of the company’s stock, valued at C$114,113.95. This trade represents 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 acquired 1,000 shares of Cardinal Energy stock. The stock was bought at an average cost of C$12.29 per share, for a total transaction of C$12,290.00.

Cardinal Energy Stock Up 2.6%

Shares of TSE CJ opened at C$12.09 on Friday. The company’s 50 day moving average price is C$11.08 and its 200-day moving average price is C$11.07. The company has a debt-to-equity ratio of 13.97, a quick ratio of 0.67 and a current ratio of 0.63. Cardinal Energy Ltd. has a 52-week low of C$7.12 and a 52-week high of C$13.38. The company has a market capitalization of C$2.12 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of -0.26 and a beta of 0.19.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$193.44 million for the quarter. Cardinal Energy had a return on equity of 6.96% and a net margin of 10.69%. Equities analysts forecast that Cardinal Energy Ltd. will post 0.625118 earnings per share for the current year.

Cardinal Energy Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors 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 6.0%. Cardinal Energy’s dividend payout ratio is 205.71%.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reduced their price objective on shares of Cardinal Energy from C$14.00 to C$13.50 in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$12.62.

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.