John Albert Brussa Buys 15,000 Shares of Cardinal Energy Ltd (CJ) Stock

Cardinal Energy Ltd (TSE:CJ) Director John Albert Brussa purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average price of C$4.13 per share, for a total transaction of C$61,950.00.

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

  • On Wednesday, August 9th, John Albert Brussa purchased 20,000 shares of Cardinal Energy stock. The shares were acquired at an average price of C$3.80 per share, for a total transaction of C$76,000.00.

Cardinal Energy Ltd (CJ) traded up 5.37% on Friday, reaching $4.12. 879,933 shares of the company were exchanged. The firm’s market capitalization is $454.48 million. The stock has a 50 day moving average of $4.56 and a 200 day moving average of $6.40. Cardinal Energy Ltd has a 12-month low of $3.76 and a 12-month high of $10.81.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 10.19%. The ex-dividend date of this dividend is Thursday, July 27th.

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CJ has been the topic of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a C$11.00 price target on shares of Cardinal Energy in a research note on Tuesday, April 18th. National Bank Financial dropped their price target on shares of Cardinal Energy from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. TD Securities dropped their price target on shares of Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Scotiabank dropped their price target on shares of Cardinal Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a C$6.75 price target on shares of Cardinal Energy in a research note on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cardinal Energy currently has an average rating of “Buy” and a consensus target price of C$7.64.

Cardinal Energy Company Profile

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.

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