Cardinal Energy (TSE:CJ) had its target price lifted by National Bank Financial from C$2.75 to C$3.00 in a research note published on Wednesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.
Other equities analysts have also issued reports about the stock. CIBC raised their price target on shares of Cardinal Energy from C$3.25 to C$3.75 in a research report on Tuesday, April 23rd. GMP Securities reduced their price target on shares of Cardinal Energy from C$4.50 to C$4.00 in a research report on Friday, June 28th. BMO Capital Markets raised their price target on shares of Cardinal Energy from C$3.50 to C$4.00 and gave the stock an outperform rating in a research report on Monday, April 15th. Cormark raised their price target on shares of Cardinal Energy from C$4.25 to C$4.50 in a research report on Tuesday, April 23rd. Finally, Raymond James reissued a market perform rating and set a C$4.00 price target on shares of Cardinal Energy in a research report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cardinal Energy has an average rating of Buy and an average price target of C$3.77.
Shares of Cardinal Energy stock opened at C$2.49 on Wednesday. The stock has a market cap of $290.38 million and a price-to-earnings ratio of 5.06. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 33.17. The firm has a 50 day moving average of C$2.37. Cardinal Energy has a 52 week low of C$1.80 and a 52 week high of C$5.50.
Cardinal Energy (TSE:CJ) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The business had revenue of C$94.05 million for the quarter. As a group, analysts anticipate that Cardinal Energy will post 0.04 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.015 per share. This is a boost from Cardinal Energy’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 7.23%. Cardinal Energy’s dividend payout ratio (DPR) is presently 36.59%.
Cardinal Energy Company Profile
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.
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