David Kelly Sells 7,100 Shares of Cardinal Energy Ltd. (TSE:CJ) Stock

Cardinal Energy Ltd. (TSE:CJ) Senior Officer David Kelly sold 7,100 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total value of C$50,214.75.

Cardinal Energy Trading Down 0.7 %

TSE CJ opened at C$7.06 on Friday. The stock’s 50-day simple moving average is C$6.74 and its two-hundred day simple moving average is C$6.77. Cardinal Energy Ltd. has a twelve month low of C$5.75 and a twelve month high of C$7.96. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 5.44. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 10.86, a PEG ratio of -0.26 and a beta of 2.99.

Cardinal Energy (TSE:CJ) last released its quarterly earnings results on Thursday, March 14th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.07). Cardinal Energy had a net margin of 21.53% and a return on equity of 11.22%. The firm had revenue of C$148.04 million for the quarter, compared to analysts’ expectations of C$147.60 million. Research analysts forecast that Cardinal Energy Ltd. will post 0.795302 EPS for the current fiscal year.

Cardinal Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 10.20%. Cardinal Energy’s payout ratio is 110.77%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James dropped their target price on Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating on the stock in a research report on Friday, January 19th. ATB Capital dropped their price objective on Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Finally, CIBC dropped their price objective on Cardinal Energy from C$9.00 to C$8.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th.

Cardinal Energy Company Profile

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.