FY2024 EPS Estimates for Cardinal Energy Reduced by Analyst

Cardinal Energy Ltd. (TSE:CJ) – Stock analysts at Atb Cap Markets dropped their FY2024 EPS estimates for shares of Cardinal Energy in a note issued to investors on Monday, February 24th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.67 for the year, down from their prior estimate of $0.68. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.63 per share. Atb Cap Markets also issued estimates for Cardinal Energy’s Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $11.00 EPS, FY2025 earnings at $0.51 EPS, FY2026 earnings at $0.45 EPS and FY2027 earnings at $0.27 EPS.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets raised their target price on Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th. CIBC cut their price objective on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th.

Cardinal Energy Stock Up 0.5 %

Shares of CJ opened at C$6.51 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The company has a 50-day moving average price of C$6.50 and a two-hundred day moving average price of C$6.53. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of -0.26 and a beta of 2.81. Cardinal Energy has a 12 month low of C$5.98 and a 12 month high of C$7.38.

Cardinal Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 11.06%. Cardinal Energy’s dividend payout ratio (DPR) is presently 111.27%.

Insider Activity at Cardinal Energy

In related news, Director M. Scott Ratushny purchased 10,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of C$6.12 per share, with a total value of C$61,160.00. Also, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total transaction of C$82,800.00. Insiders own 23.38% of the company’s stock.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.