Insider Buying: Cardinal Energy Ltd. (TSE:CJ) Director Purchases 10,000 Shares of Stock

Cardinal Energy Ltd. (TSE:CJGet Rating) Director John Albert Brussa acquired 10,000 shares of Cardinal Energy stock in a transaction that occurred on Monday, June 20th. The shares were purchased at an average price of C$7.60 per share, for a total transaction of C$76,000.00. Following the completion of the purchase, the director now directly owns 3,576,354 shares of the company’s stock, valued at C$27,180,290.40.

John Albert Brussa also recently made the following trade(s):

  • On Wednesday, June 8th, John Albert Brussa bought 10,000 shares of Cardinal Energy stock. The shares were purchased at an average cost of C$8.75 per share, for a total transaction of C$87,500.00.
  • On Monday, June 13th, John Albert Brussa acquired 20,000 shares of Cardinal Energy stock. The shares were acquired at an average price of C$8.20 per share, with a total value of C$164,000.00.
  • On Monday, June 13th, John Albert Brussa acquired 20,000 shares of Cardinal Energy stock. The shares were acquired at an average price of C$8.20 per share, with a total value of C$164,000.00.
  • On Monday, June 6th, John Albert Brussa purchased 10,000 shares of Cardinal Energy stock. The shares were purchased at an average price of C$8.76 per share, with a total value of C$87,600.00.

Shares of CJ stock traded up C$0.08 on Monday, hitting C$7.83. 793,488 shares of the stock were exchanged, compared to its average volume of 1,397,710. The business has a 50-day moving average of C$8.04 and a 200 day moving average of C$6.52. Cardinal Energy Ltd. has a fifty-two week low of C$2.63 and a fifty-two week high of C$9.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 19.49. The firm has a market capitalization of C$1.26 billion and a P/E ratio of 3.43.

Cardinal Energy (TSE:CJGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported C$0.35 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.06. The company had revenue of C$174.34 million for the quarter. As a group, research analysts forecast that Cardinal Energy Ltd. will post 0.82 EPS for the current fiscal year.

A number of brokerages recently weighed in on CJ. Stifel Nicolaus raised their price objective on Cardinal Energy from C$9.25 to C$11.00 in a research note on Monday, May 16th. Royal Bank of Canada boosted their price objective on Cardinal Energy from C$6.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 15th. Finally, Raymond James boosted their target price on Cardinal Energy from C$7.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Friday, March 25th.

Cardinal Energy Company Profile (Get Rating)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.

Further Reading

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

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