Heath Williamson Buys 1,000 Shares of Cardinal Energy (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) insider Heath Williamson bought 1,000 shares of the company’s stock in a transaction on Monday, May 25th. The stock was purchased at an average price of C$12.29 per share, with a total value of C$12,290.00. Following the completion of the transaction, the insider directly owned 8,745 shares of the company’s stock, valued at approximately C$107,476.05. The trade was a 12.91% increase in their position.

Cardinal Energy Price Performance

Cardinal Energy stock opened at C$12.08 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 18.36. The company has a market capitalization of C$2.12 billion, a PE ratio of 201.33, a P/E/G ratio of -0.26 and a beta of 0.26. Cardinal Energy Ltd. has a 12 month low of C$6.12 and a 12 month high of C$13.38. The stock has a 50-day moving average price of C$11.67 and a two-hundred day moving average price of C$10.01.

Cardinal Energy (TSE:CJ) last posted its earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. The firm had revenue of C$109.19 million during the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. Analysts expect that Cardinal Energy Ltd. will post 0.625118 EPS for the current year.

Cardinal Energy Announces Dividend

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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.0%. Cardinal Energy’s dividend payout ratio (DPR) is presently 1,200.00%.

Analyst Ratings Changes

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

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.