Atb Cap Markets Predicts Lower Earnings for Cardinal Energy

Cardinal Energy Ltd. (TSE:CJ) – Equities researchers at Atb Cap Markets cut their Q2 2025 EPS estimates for Cardinal Energy in a report released on Thursday, December 12th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.18. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.63 per share.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reduced their price objective on Cardinal Energy from C$7.50 to C$7.00 in a report on Friday, October 4th. CIBC dropped their target price on Cardinal Energy from C$8.75 to C$8.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price target on Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th.

Cardinal Energy Trading Up 0.6 %

Shares of TSE CJ opened at C$6.37 on Monday. Cardinal Energy has a 1-year low of C$6.01 and a 1-year high of C$7.38. The company has a 50-day moving average of C$6.48 and a two-hundred day moving average of C$6.64. The company has a market cap of C$1.01 billion, a PE ratio of 8.73, a P/E/G ratio of -0.26 and a beta of 2.81. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04.

Insider Activity

In other news, Director John Festival acquired 50,050 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of C$6.20 per share, for a total transaction of C$310,310.00. Also, Director John Albert Brussa bought 6,400 shares of the stock in a transaction on Wednesday, September 25th. The stock was purchased at an average cost of C$6.40 per share, with a total value of C$40,960.00. Insiders have purchased a total of 59,050 shares of company stock valued at $367,518 in the last 90 days. 23.38% of the stock is owned by company insiders.

Cardinal Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.30%. The ex-dividend date is Friday, November 29th. 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.