M. Scott Ratushny Sells 2,500 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny sold 2,500 shares of Cardinal Energy stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of C$6.73, for a total value of C$16,825.00.

M. Scott Ratushny also recently made the following trade(s):

• On Friday, December 20th, M. Scott Ratushny acquired 10,000 shares of Cardinal Energy stock. The stock was acquired at an average cost of C$6.12 per share, for a total transaction of C$61,160.00.

Cardinal Energy Stock Up 1.4 %

Shares of CJ opened at C$6.75 on Monday. The stock has a 50 day moving average price of C$6.43 and a 200 day moving average price of C$6.60. Cardinal Energy Ltd. has a one year low of C$5.98 and a one year high of C$7.38. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 9.25, a PEG ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.67%. The ex-dividend date of this dividend was Friday, November 29th. Cardinal Energy’s dividend payout ratio (DPR) is 98.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CJ. BMO Capital Markets decreased their target price on Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th. Royal Bank of Canada decreased their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Finally, CIBC cut their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.