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 the stock in a transaction on Friday, January 3rd. The stock was 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 bought 10,000 shares of Cardinal Energy stock. The shares were purchased at an average price of C$6.12 per share, with a total value of C$61,160.00.

Cardinal Energy Price Performance

CJ opened at C$6.75 on Friday. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The company’s 50 day simple moving average is C$6.43 and its 200-day simple moving average is 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 stock has a market capitalization of C$1.07 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

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

Analyst Ratings Changes

CJ has been the topic of several research analyst reports. Royal Bank of Canada decreased their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. CIBC dropped their price target on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. Finally, BMO Capital Markets reduced their price objective on Cardinal Energy from C$7.50 to C$7.00 in a research note on Friday, October 4th.

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.