M. Scott Ratushny Buys 5,000 Shares of Cardinal Energy Ltd (CJ) Stock

Cardinal Energy Ltd (TSE:CJ) Director M. Scott Ratushny bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of C$4.17 per share, with a total value of C$20,850.00.

M. Scott Ratushny also recently made the following trade(s):

  • On Friday, October 20th, M. Scott Ratushny bought 5,000 shares of Cardinal Energy stock. The stock was purchased at an average cost of C$4.20 per share, with a total value of C$21,000.00.
  • On Thursday, August 3rd, M. Scott Ratushny bought 10,000 shares of Cardinal Energy stock. The stock was purchased at an average cost of C$4.20 per share, with a total value of C$42,000.00.

Shares of Cardinal Energy Ltd (CJ) opened at 4.17 on Friday. The stock’s market capitalization is $459.99 million. Cardinal Energy Ltd has a 1-year low of $3.76 and a 1-year high of $10.81. The firm’s 50-day moving average price is $4.41 and its 200 day moving average price is $5.03.

The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.035 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.42 dividend on an annualized basis and a yield of 10.07%.

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A number of analysts recently issued reports on CJ shares. Scotiabank cut Cardinal Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$10.00 to C$6.00 in a research report on Thursday, August 17th. Royal Bank Of Canada decreased their target price on Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Raymond James Financial, Inc. decreased their target price on Cardinal Energy from C$6.25 to C$5.50 and set a “market perform” rating for the company in a research report on Thursday, August 3rd. BMO Capital Markets set a C$7.00 target price on Cardinal Energy and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, TD Securities decreased their target price on Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target 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.

Insider Buying and Selling by Quarter for Cardinal Energy (TSE:CJ)

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