Cardinal Energy (TSE:CJ) PT Lowered to C$3.00 at Royal Bank of Canada

Cardinal Energy (TSE:CJ) had its target price lowered by Royal Bank of Canada from C$3.50 to C$3.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

CJ has been the subject of a number of other reports. National Bank Financial increased their target price on shares of Cardinal Energy from C$2.75 to C$3.00 and gave the company a sector perform rating in a research report on Wednesday, July 31st. Raymond James reissued a market perform rating and set a C$4.00 target price on shares of Cardinal Energy in a research report on Wednesday, July 31st. Finally, GMP Securities reduced their target price on shares of Cardinal Energy from C$4.50 to C$4.00 in a research report on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$3.55.

Cardinal Energy stock opened at C$2.24 on Friday. Cardinal Energy has a twelve month low of C$1.80 and a twelve month high of C$4.43. The firm has a 50 day moving average price of C$2.43 and a 200-day moving average price of C$2.56. The company has a market capitalization of $262.41 million and a P/E ratio of 3.57. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 32.22.

Cardinal Energy (TSE:CJ) last released its earnings results on Tuesday, July 30th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$106.17 million for the quarter. Equities analysts expect that Cardinal Energy will post 0.1 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be issued a $0.015 dividend. This represents a $0.18 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Wednesday, October 30th. Cardinal Energy’s dividend payout ratio (DPR) is presently 39.01%.

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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Analyst Recommendations for Cardinal Energy (TSE:CJ)

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