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

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

Cardinal Energy Stock Performance

Shares of CJ stock opened at C$11.71 on Wednesday. The company has a market capitalization of C$2.06 billion, a P/E ratio of 33.46, a P/E/G ratio of -0.26 and a beta of 0.19. The business’s 50 day moving average is C$11.08 and its two-hundred day moving average is C$11.03. The company has a current ratio of 0.63, a quick ratio of 0.67 and a debt-to-equity ratio of 13.97. Cardinal Energy Ltd. has a 12-month low of C$7.04 and a 12-month high of C$13.38.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.38 EPS for the quarter. The business had revenue of C$193.44 million during the quarter. Cardinal Energy had a return on equity of 6.96% and a net margin of 10.69%. Analysts expect that Cardinal Energy Ltd. will post 0.625118 EPS for the current fiscal year.

Cardinal Energy Dividend Announcement

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 $0.06 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, July 31st. Cardinal Energy’s payout ratio is presently 205.71%.

Analyst Ratings Changes

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 research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, Cardinal Energy has a consensus rating of “Buy” and an average price target of C$12.62.

Cardinal Energy Company Profile

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.