Analysts Issue Forecasts for Cardinal Energy FY2024 Earnings

Cardinal Energy Ltd. (TSE:CJ) – Research analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for Cardinal Energy in a note issued to investors on Monday, February 24th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.67 for the year, down from their prior forecast of $0.68. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.63 per share. Atb Cap Markets also issued estimates for Cardinal Energy’s Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $11.00 EPS, FY2025 earnings at $0.51 EPS, FY2026 earnings at $0.45 EPS and FY2027 earnings at $0.27 EPS.

CJ has been the subject of a number of other reports. CIBC lowered their target price on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. BMO Capital Markets lifted their target price on Cardinal Energy from C$7.00 to C$7.50 in a report on Tuesday, January 14th.

Cardinal Energy Trading Down 1.8 %

Shares of CJ stock opened at C$6.42 on Thursday. The company has a market cap of C$1.02 billion, a P/E ratio of 9.92, a PEG ratio of -0.26 and a beta of 2.81. The stock has a 50 day simple moving average of C$6.51 and a two-hundred day simple moving average of C$6.53. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. Cardinal Energy has a fifty-two week low of C$5.98 and a fifty-two week high of C$7.38.

Cardinal Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a $0.06 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 11.21%. Cardinal Energy’s dividend payout ratio is currently 111.27%.

Insiders Place Their Bets

In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$6.90, for a total value of C$82,800.00. Also, Director John Festival acquired 75,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of C$6.20 per share, for a total transaction of C$465,000.00. Insiders own 23.38% of the company’s stock.

About Cardinal Energy

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.