Cardinal Energy Ltd. (TSE:CJ) Director buys C$76,000.00 worth of shares

Cardinal Energy Ltd. (TSE:CJ – Get Rating) Director John Albert Brussa acquired 10,000 shares of the company in a transaction on Monday June 20. The shares were purchased at an average price of CA$7.60 per share, for a total transaction of CA$76,000.00. As a result of the acquisition, the administrator now owns 3,576,354 shares of the company, valued at approximately C$27,180,290.40.

John Albert Brussa has also recently done the following job(s):

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

Cardinal Energy’s stock traded C$0.08 during Monday’s trading hours, hitting C$7.83. The stock recorded a trading volume of 793,488 shares, compared to an average volume of 1,397,710 shares. Cardinal Energy Ltd. has a 52-week low of C$2.63 and a 52-week high of C$9.73. The stock has a market capitalization of C$1.26 billion and a PE ratio of 3.43. The company has a fifty-day simple moving average of C$8.04 and a 200-day simple moving average of C$6.52. The company has a debt ratio of 19.49, a current ratio of 0.94 and a quick ratio of 0.94.

Cardinal Energy (TSE:CJ – Get Rating) last announced its quarterly results on Thursday, May 12. The company reported earnings per share (EPS) of C$0.35 for the quarter, beating consensus analyst estimates of C$0.29 by C$0.06. The company had revenue of C$174.34 million in the quarter. Research analysts predict that Cardinal Energy Ltd. will show earnings per share of 0.82 for the current fiscal year.

A number of research companies have commented on CJ. Stifel Nicolaus raised his price target on Cardinal Energy from CA$9.25 to CA$11.00 in a Monday, May 16 research note. Raymond James raised his price target on Cardinal Energy shares from C$7.00 to C$8.50 and gave the stock an “outperform” rating in a Friday, March 25 report. Finally, the Royal Bank of Canada raised its price target on Cardinal Energy from C$6.00 to C$8.00 and gave the stock an “sector performance” rating in a Tuesday, March 15 report. .

About Cardinal Energy (Get an evaluation)

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

Further reading

Insider buying and selling by quarter for Cardinal Energy (TSE:CJ)

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