Cardinal Energy Ltd (CJ) Insider David Kelly Acquires 7,400 Shares

Cardinal Energy Ltd (TSE:CJ) insider David Kelly purchased 7,400 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was bought at an average cost of C$3.26 per share, for a total transaction of C$24,124.00.

David Kelly also recently made the following trade(s):

  • On Monday, October 1st, David Kelly sold 10,105 shares of Cardinal Energy stock.

Cardinal Energy stock traded down C$0.26 during midday trading on Friday, reaching C$3.25. The company had a trading volume of 1,075,600 shares, compared to its average volume of 627,245. Cardinal Energy Ltd has a 12-month low of C$3.23 and a 12-month high of C$5.89. The company has a quick ratio of 0.42, a current ratio of 0.45 and a debt-to-equity ratio of 35.12.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 12.92%. The ex-dividend date of this dividend is Tuesday, October 30th. Cardinal Energy’s dividend payout ratio is presently -47.30%.

A number of research analysts recently weighed in on the stock. CIBC decreased their price target on shares of Cardinal Energy from C$6.75 to C$6.25 in a research note on Monday, October 15th. GMP Securities decreased their price target on shares of Cardinal Energy from C$7.25 to C$6.25 in a research note on Monday, November 5th. Raymond James decreased their price target on shares of Cardinal Energy from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a research note on Friday, November 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Cardinal Energy from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Wainwright, Bantry, Mitsue, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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Insider Buying and Selling by Quarter for Cardinal Energy (TSE:CJ)

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