FY2025 EPS Estimates for Cardinal Energy Ltd. Decreased by Atb Cap Markets (TSE:CJ)

Cardinal Energy Ltd. (TSE:CJ) – Equities researchers at Atb Cap Markets reduced their FY2025 earnings per share estimates for shares of Cardinal Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.48 per share for the year, down from their previous forecast of $0.49. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.80 per share.

Several other equities analysts also recently weighed in on CJ. ATB Capital reduced their price target on shares of Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Raymond James cut their target price on shares of Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating for the company in a research note on Friday, January 19th. Finally, CIBC raised their price objective on Cardinal Energy from C$8.00 to C$8.50 and gave the company a “neutral” rating in a report on Monday.

Cardinal Energy Trading Up 1.6 %

Shares of TSE:CJ opened at C$7.02 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 5.44. Cardinal Energy has a 52-week low of C$5.75 and a 52-week high of C$7.96. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 10.80, a PEG ratio of -0.26 and a beta of 2.99. The business has a 50-day moving average price of C$6.83 and a 200-day moving average price of C$6.75.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, March 14th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.07). The firm had revenue of C$148.04 million during the quarter, compared to analysts’ expectations of C$147.60 million. Cardinal Energy had a return on equity of 11.22% and a net margin of 21.53%.

Insider Buying and Selling at Cardinal Energy

In related news, Director John Albert Brussa purchased 27,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of C$6.99 per share, with a total value of C$188,670.60. In related news, Senior Officer David Kelly sold 7,100 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total value of C$50,214.75. Also, Director John Albert Brussa purchased 27,000 shares of the stock in a transaction on Thursday, April 4th. The shares were purchased at an average cost of C$6.99 per share, with a total value of C$188,670.60. 24.00% of the stock is owned by company insiders.

Cardinal Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.06 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 10.26%. Cardinal Energy’s dividend payout ratio is presently 110.77%.

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.