Cardinal Energy Ltd (TSE:CJ) Director Acquires C$76,000.00 in Stock
Cardinal Energy Ltd (TSE:CJ) Director John Albert Brussa bought 20,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average price of C$3.80 per share, with a total value of C$76,000.00.
John Albert Brussa also recently made the following trade(s):
- On Tuesday, August 8th, John Albert Brussa bought 15,000 shares of Cardinal Energy stock. The stock was acquired at an average price of C$4.13 per share, with a total value of C$61,950.00.
Shares of Cardinal Energy Ltd (TSE:CJ) traded down 0.130% during mid-day trading on Thursday, reaching $3.845. The company had a trading volume of 633,541 shares. Cardinal Energy Ltd has a 52-week low of $3.76 and a 52-week high of $10.82. The firm’s 50-day moving average price is $4.57 and its 200 day moving average price is $6.45. The company’s market cap is $424.14 million.
The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.035 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.42 annualized dividend and a yield of 10.91%.
A number of analysts recently commented on the company. BMO Capital Markets assumed coverage on Cardinal Energy in a research report on Wednesday, April 12th. They issued an “outperform” rating for the company. Instinet reiterated a “buy” rating on shares of Cardinal Energy in a research report on Thursday, April 20th. Nomura assumed coverage on Cardinal Energy in a research report on Thursday, April 20th. They issued a “buy” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$11.00 price objective on shares of Cardinal Energy in a research report on Tuesday, April 18th. Finally, National Bank Financial lowered their price objective on Cardinal Energy from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cardinal Energy currently has an average rating of “Buy” and a consensus target price of C$7.64.
About Cardinal Energy
Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.
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