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

Cardinal Energy Ltd. (TSE:CJ) Director M. Scott Ratushny sold 2,500 shares of the company’s stock in a transaction dated 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 stock was bought at an average price of C$6.12 per share, with a total value of C$61,160.00.

Cardinal Energy Stock Performance

TSE:CJ traded up C$0.09 during trading hours on Friday, hitting C$6.75. 810,706 shares of the company traded hands, compared to its average volume of 876,954. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04. Cardinal Energy Ltd. has a twelve month low of C$5.98 and a twelve month high of C$7.38. The firm has a 50-day moving average of C$6.42 and a 200 day moving average of C$6.59. The stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.06 per share. 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 is currently 98.63%.

Analyst Upgrades and Downgrades

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

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.