Cardinal Energy Ltd (TSE:CJ) Director Acquires C$61,950.00 in Stock

Cardinal Energy Ltd (TSE:CJ) Director John Albert Brussa purchased 15,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of C$4.13 per share, for a total transaction of C$61,950.00.

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

  • On Wednesday, August 9th, John Albert Brussa purchased 20,000 shares of Cardinal Energy stock. The shares were purchased at an average cost of C$3.80 per share, for a total transaction of C$76,000.00.

Shares of Cardinal Energy Ltd (TSE CJ) traded down 0.130% during trading on Thursday, reaching $3.845. The company had a trading volume of 633,541 shares. The stock’s market capitalization is $424.14 million. Cardinal Energy Ltd has a 1-year low of $3.76 and a 1-year high of $10.82. The company’s 50 day moving average is $4.57 and its 200-day moving average is $6.45.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a dividend of $0.035 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.42 dividend on an annualized basis and a yield of 10.91%.

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Several research firms have recently weighed in on CJ. TD Securities lowered their price target on Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Raymond James Financial, Inc. decreased their target price on Cardinal Energy from C$6.25 to C$5.50 and set a “market perform” rating on the stock in a report on Thursday, August 3rd. Instinet reaffirmed a “buy” rating on shares of Cardinal Energy in a report on Thursday, April 20th. Scotiabank cut Cardinal Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$10.00 to C$6.00 in a report on Wednesday. Finally, BMO Capital Markets set a C$7.00 target price on Cardinal Energy and gave the stock an “outperform” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$7.64.

About Cardinal Energy

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

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