Cardinal Energy Ltd (TSE:CJ) - Investment analysts at Cormark decreased their Q1 2018 earnings per share (EPS) estimates for Cardinal Energy in a research note issued to investors on Friday. Cormark analyst G. Ursu now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.04. Cormark also issued estimates for Cardinal Energy’s Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.13 EPS.
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CJ has been the subject of a number of other research reports. Instinet restated a “buy” rating on shares of Cardinal Energy in a report on Thursday, April 20th. Nomura began coverage on shares of Cardinal Energy in a report on Thursday, April 20th. They set a “buy” rating for the company. BMO Capital Markets set a C$7.00 price target on shares of Cardinal Energy and gave the stock an “outperform” rating in a report on Friday. National Bank Financial cut their price target on shares of Cardinal Energy from C$9.00 to C$8.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$11.00 price target on shares of Cardinal Energy in a report on Tuesday, April 18th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Cardinal Energy currently has a consensus rating of “Buy” and a consensus price target of C$8.97.
Cardinal Energy (TSE:CJ) opened at 4.79 on Monday. The stock’s 50 day moving average price is $4.71 and its 200-day moving average price is $6.76. The company’s market cap is $379.72 million. Cardinal Energy has a 1-year low of $4.22 and a 1-year high of $10.81.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.035 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.42 annualized dividend and a yield of 8.77%.
About Cardinal Energy
Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.
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