Cardinal Energy Ltd Forecasted to Post FY2016 Earnings of ($0.78) Per Share (CJ)
Cardinal Energy Ltd (TSE:CJ) – Stock analysts at Clarus Securities issued their FY2016 earnings per share (EPS) estimates for shares of Cardinal Energy in a note issued to investors on Tuesday. Clarus Securities analyst R. Pare anticipates that the firm will post earnings of ($0.78) per share for the year. Clarus Securities also issued estimates for Cardinal Energy’s FY2017 earnings at ($0.14) EPS.
Other research analysts have also recently issued reports about the company. Scotiabank reissued an “outperform” rating and set a C$12.00 target price on shares of Cardinal Energy in a research note on Wednesday, August 3rd. TD Securities reissued a “buy” rating and set a C$11.50 target price on shares of Cardinal Energy in a research note on Wednesday, August 3rd. Dundee Securities boosted their target price on Cardinal Energy from C$10.50 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$12.00 target price on shares of Cardinal Energy in a research note on Tuesday, November 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$11.25.
Cardinal Energy (TSE:CJ) opened at 8.71 on Friday. Cardinal Energy has a one year low of $5.59 and a one year high of $11.21. The firm’s market capitalization is $640.15 million. The stock has a 50 day moving average price of $8.99 and a 200-day moving average price of $9.17.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Tim Hyde sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$8.68, for a total value of C$217,000.00.
Cardinal Energy Company Profile
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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