Cardinal Energy (TSE:CJ) PT Lowered to C$7.00

Cardinal Energy (TSE:CJ) had its price target decreased by Royal Bank of Canada from C$8.00 to C$7.00 in a research report report published on Tuesday, BayStreet.CA reports.

CJ has been the subject of several other research reports. BMO Capital Markets lowered their price target on Cardinal Energy from C$8.00 to C$7.50 in a report on Wednesday, July 3rd. CIBC lifted their price target on Cardinal Energy from C$8.50 to C$8.75 in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of C$8.05.

Cardinal Energy Stock Performance

TSE:CJ opened at C$6.45 on Tuesday. The company has a market capitalization of C$1.03 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of -0.26 and a beta of 2.84. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04. Cardinal Energy has a 52-week low of C$5.75 and a 52-week high of C$7.96. The stock has a fifty day simple moving average of C$6.78 and a 200-day simple moving average of C$6.84.

Cardinal Energy (TSE:CJ) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.33 by C($0.08). The firm had revenue of C$169.35 million for the quarter, compared to analyst estimates of C$164.70 million. Cardinal Energy had a return on equity of 12.73% and a net margin of 22.78%. On average, equities research analysts expect that Cardinal Energy will post 0.8847737 earnings per share for the current fiscal year.

Cardinal Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date is Monday, September 30th. Cardinal Energy’s payout ratio is 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.