Director M. Scott Ratushny Acquires 10,000 Shares of Cardinal Energy Ltd.

On December 20th, M. Scott Ratushny, a director at Cardinal Energy Ltd. (TSE:CJ - Get Free Report), purchased 10,000 shares of the company’s stock. The shares were bought at an average price of C$6.12, making the total value of the transaction C$61,160.00.

Cardinal Energy Stock Performance

On the day of the transaction, Cardinal Energy's stock opened at C$6.11. Over the past year, the stock has seen a low of C$5.98 and a high of C$7.38. Financial indicators show that the company has a debt-to-equity ratio of 9.04, along with a current ratio of 0.73 and a quick ratio of 0.67. The fifty-day simple moving average stands at C$6.44, while the two-hundred-day average is C$6.62. Currently, Cardinal Energy has a market capitalization of C$972.59 million, a price-to-earnings (P/E) ratio of 8.37, and a P/E growth (P/E/G) ratio of -0.26. The stock also has a beta of 2.81, indicating a higher volatility compared to the market.

Cardinal Energy Dividend Announcement

Additionally, Cardinal Energy announced a monthly dividend recently, which was paid out on December 16th. Shareholders who were on record as of November 29th received a dividend of $0.06 per share. This dividend corresponds to an annualized total of $0.72, resulting in a yield of 11.78%. The ex-dividend date was the same, November 29th. Currently, the company's dividend payout ratio is 98.63%, indicating a high level of income returned to shareholders.

Analysts Set New Price Targets

There have been updates from several equities research analysts regarding Cardinal Energy’s stock. BMO Capital Markets revised their price target downward from C$7.50 to C$7.00 as of October 4th. CIBC also lowered its target from C$8.75 to C$8.00 on November 8th. The Royal Bank of Canada adjusted their target downwards from C$8.00 to C$7.00 on September 17th.

About Cardinal Energy

Cardinal Energy Ltd. focuses on acquiring, developing, optimizing, and producing petroleum and natural gas resources within Alberta, British Columbia, and Saskatchewan. Founded in 2010, the company is based in Calgary, Canada.

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