Q3 2017 EPS Estimates for Cardinal Energy Ltd Lifted by Analyst (CJ)
Cardinal Energy Ltd (TSE:CJ) – Analysts at Cormark raised their Q3 2017 earnings estimates for shares of Cardinal Energy in a report issued on Thursday. Cormark analyst G. Ursu now expects that the company will post earnings per share of ($0.03) for the quarter, up from their previous estimate of ($0.05). Cormark also issued estimates for Cardinal Energy’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at $0.03 EPS and Q4 2018 earnings at $0.04 EPS.
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A number of other analysts have also commented on the company. BMO Capital Markets started coverage on Cardinal Energy in a report on Wednesday, April 12th. They set an “outperform” rating on the stock. Scotiabank dropped their price target on Cardinal Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$6.75 price target on shares of Cardinal Energy in a report on Tuesday, June 13th. TD Securities dropped their price target on Cardinal Energy from C$9.00 to C$8.00 and set a “buy” rating on the stock in a report on Friday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$11.00 price target on shares of Cardinal Energy in a report on Tuesday, April 18th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$8.21.
Cardinal Energy (TSE:CJ) opened at 4.09 on Monday. The firm’s market capitalization is $249.08 million. Cardinal Energy has a 12 month low of $4.07 and a 12 month high of $10.81. The company has a 50 day moving average price of $4.62 and a 200 day moving average price of $6.57.
In other news, Director M. Scott Ratushny bought 10,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of C$4.20 per share, for a total transaction of C$42,000.00.
The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.42 annualized dividend and a dividend yield of 10.27%.
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.
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