Cardinal Energy Ltd. (TSE:CJ - Free Report) - Atb Cap Markets dropped their FY2024 earnings estimates for Cardinal Energy in a report released on Monday, January 6th. Atb Cap Markets analyst A. Arif now expects 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.
Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reduced their target price on Cardinal Energy from C$8.00 to C$7.00 in a research note on Tuesday, September 17th. CIBC reduced their price objective on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets dropped their target price on shares of Cardinal Energy from C$7.50 to C$7.00 in a research report on Friday, October 4th.
Read Our Latest Research Report on CJ
Cardinal Energy Trading Up 0.4 %
Shares of TSE CJ traded up C$0.03 during trading hours on Thursday, hitting C$6.80. The company's stock had a trading volume of 268,981 shares, compared to its average volume of 688,378. The business has a 50-day simple moving average of C$6.44 and a 200-day simple moving average of C$6.60. The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. 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 announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 10.59%. Cardinal Energy's payout ratio is 98.63%.
Insiders Place Their Bets
In related news, Director John Festival bought 75,000 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average price 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 the company's stock in a transaction dated 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. Over the last three months, insiders have purchased 137,650 shares of company stock valued at $852,718. 23.38% of the stock is currently owned by corporate insiders.
Cardinal Energy Company Profile
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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.
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