Cardinal Energy FY2024 EPS Estimate Cut by Atb Cap Markets

Cardinal Energy Ltd. (TSE:CJ) – Investment analysts at Atb Cap Markets reduced their FY2024 EPS estimates for Cardinal Energy in a research report issued to clients and investors on Monday, January 6th. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.66 per share for the year, down from their previous estimate of $0.69. 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 Q4 2024 earnings at $0.15 EPS.

CJ has been the topic of a number of other research reports. CIBC lowered their price target on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Royal Bank of Canada decreased their target price on Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. Finally, BMO Capital Markets cut their price target on Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th.

Cardinal Energy Stock Up 0.7 %

Cardinal Energy stock opened at C$6.85 on Thursday. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The company’s 50-day moving average is C$6.45 and its 200-day moving average is C$6.60. The firm has a market capitalization of C$1.09 billion, a PE ratio of 9.38, a P/E/G ratio of -0.26 and a beta of 2.81. Cardinal Energy has a fifty-two week low of C$5.98 and a fifty-two week high of C$7.38.

Insider Buying and Selling

In related news, Director John Festival purchased 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of C$6.20 per share, for a total transaction of C$465,000.00. Also, Director M. Scott Ratushny purchased 10,000 shares of Cardinal Energy stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average cost of C$6.12 per share, for a total transaction of C$61,160.00. In the last ninety days, insiders bought 137,650 shares of company stock valued at $852,718. Insiders own 23.38% of the company’s stock.

Cardinal Energy Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.51%. Cardinal Energy’s dividend payout ratio (DPR) is currently 98.63%.

About Cardinal Energy

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.