Cardinal Energy (TSE:CJ) Insider Kenneth Cory Lee Younger Sells 25,000 Shares

Cardinal Energy Ltd. (TSE:CJ) insider Kenneth Cory Lee Younger sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$12.64, for a total value of C$316,000.00. Following the transaction, the insider owned 129,338 shares in the company, valued at C$1,634,832.32. This represents a 16.20% decrease in their ownership of the stock.

Cardinal Energy Stock Performance

CJ traded up C$0.20 on Tuesday, hitting C$13.08. 839,869 shares of the stock traded hands, compared to its average volume of 1,389,673. Cardinal Energy Ltd. has a 52 week low of C$6.07 and a 52 week high of C$13.38. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 18.36. The firm has a market capitalization of C$2.29 billion, a PE ratio of 218.00, a P/E/G ratio of -0.26 and a beta of 0.26. The business has a fifty day moving average price of C$11.39 and a two-hundred day moving average price of C$9.81.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings results on Thursday, March 12th. The company reported C($0.18) earnings per share (EPS) for the quarter. Cardinal Energy had a net margin of 2.09% and a return on equity of 1.14%. The firm had revenue of C$109.19 million for the quarter. On average, research analysts predict that Cardinal Energy Ltd. will post 0.625118 EPS for the current fiscal year.

Cardinal Energy Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date was Thursday, April 30th. Cardinal Energy’s payout ratio is currently 1,200.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James Financial upgraded Cardinal Energy from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$9.50 to C$13.00 in a research note on Monday, March 30th. BMO Capital Markets raised Cardinal Energy from a “hold” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada lifted their price objective on Cardinal Energy from C$9.50 to C$11.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce raised Cardinal Energy from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from C$7.75 to C$11.00 in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$12.00.

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.