Cardinal Energy Ltd. (TSE:CJ – Get Rating) Director John Albert Brussa purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was acquired at an average cost of C$8.75 per share, for a total transaction of C$87,500.00. Following the completion of the acquisition, the director now owns 3,546,354 shares in the company, valued at approximately C$31,030,597.50.

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

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

CJ opened at C$8.61 on Tuesday. Cardinal Energy Ltd. has a 12-month low of C$2.63 and a 12-month 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 business’s fifty day simple moving average is C$7.95 and its 200-day simple moving average is C$6.42. The company has a market capitalization of C$1.31 billion and a price-to-earnings ratio of 3.81.

Cardinal Energy (TSE:CJ – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C$0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.06. The firm had revenue of C$174.34 million for the quarter. On average, equities research analysts predict that Cardinal Energy Ltd. will post 0.8127593 EPS for the current year.

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

About Cardinal Energy (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.

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