FY2024 EPS Estimates for Cardinal Energy Boosted by Analyst

Cardinal Energy Ltd. (TSE:CJ) – Investment analysts at Atb Cap Markets raised their FY2024 earnings per share estimates for shares of Cardinal Energy in a research note issued on Wednesday, January 15th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.68 per share for the year, up from their prior estimate of $0.66. 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 $0.16 EPS, Q4 2025 earnings at $0.12 EPS, FY2026 earnings at $0.43 EPS and FY2027 earnings at $0.26 EPS.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.08). Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%.

CJ has been the topic of several other research reports. BMO Capital Markets lifted their price target on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th. CIBC cut their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th.

Cardinal Energy Stock Performance

Shares of TSE:CJ opened at C$6.59 on Monday. Cardinal Energy has a 1 year low of C$5.98 and a 1 year high of C$7.38. The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. 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 simple moving average is C$6.50 and its 200 day simple moving average is C$6.60.

Insider Activity

In other news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00. Also, Director John Festival bought 75,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of C$6.20 per share, with a total value of C$465,000.00. In the last three months, insiders have bought 137,650 shares of company stock valued at $852,718. 23.38% of the stock is currently owned by insiders.

Cardinal Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date is Friday, January 31st. Cardinal Energy’s dividend payout ratio is presently 98.63%.

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.