Cardinal Energy Ltd (TSE:CJ) – Investment analysts at Clarus Securities cut their FY2017 earnings per share (EPS) estimates for shares of Cardinal Energy in a research note issued on Wednesday. Clarus Securities analyst R. Pare now anticipates that the company will post earnings of ($0.06) per share for the year, down from their previous estimate of $0.01.

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CJ has been the subject of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$11.00 price target on shares of Cardinal Energy in a research note on Tuesday, April 18th. BMO Capital Markets started coverage on Cardinal Energy in a research note on Wednesday, April 12th. They set an “outperform” rating for the company. National Bank Financial dropped their price target on Cardinal Energy from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Scotiabank dropped their price target on Cardinal Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a C$6.75 price target on shares of Cardinal Energy in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$8.21.

Shares of Cardinal Energy (TSE:CJ) opened at 4.18 on Friday. The company’s market capitalization is $254.56 million. Cardinal Energy has a 12 month low of $4.10 and a 12 month high of $10.81. The company’s 50 day moving average price is $4.68 and its 200 day moving average price is $6.64.

In other news, Director M. Scott Ratushny purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of C$4.20 per share, with a total value of C$42,000.00.

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 10.05%. The ex-dividend date is Thursday, July 27th.

Cardinal Energy Company Profile

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

Earnings History and Estimates for Cardinal Energy (TSE:CJ)

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