Cardinal Energy Ltd (TSE:CJ) insider David Kelly purchased 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were purchased at an average cost of C$3.08 per share, for a total transaction of C$40,656.00.

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

  • On Friday, November 9th, David Kelly purchased 7,400 shares of Cardinal Energy stock. The shares were purchased at an average cost of C$3.26 per share, for a total transaction of C$24,124.00.
  • On Monday, October 1st, David Kelly sold 10,105 shares of Cardinal Energy stock.

CJ stock traded up C$0.10 during mid-day trading on Wednesday, hitting C$3.09. 753,771 shares of the company were exchanged, compared to its average volume of 631,330. The company has a debt-to-equity ratio of 32.50, a current ratio of 0.47 and a quick ratio of 0.45. Cardinal Energy Ltd has a twelve month low of C$2.96 and a twelve month high of C$5.89.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 13.59%. The ex-dividend date is Tuesday, October 30th. Cardinal Energy’s dividend payout ratio is currently -60.61%.

CJ has been the subject of several recent analyst reports. CIBC decreased their price objective on shares of Cardinal Energy from C$7.00 to C$6.75 in a report on Friday, October 5th. Raymond James decreased their price objective on shares of Cardinal Energy from C$6.00 to C$5.75 in a report on Friday, October 5th. Royal Bank of Canada decreased their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a report on Monday, November 5th. Finally, GMP Securities decreased their price objective on shares of Cardinal Energy from C$7.25 to C$6.25 in a report on Monday, November 5th.

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About Cardinal Energy

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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