Cardinal Energy (TSE:CJ – Free Report) had its price objective trimmed by BMO Capital Markets from C$8.00 to C$7.50 in a research report report published on Wednesday, BayStreet.CA reports.
Separately, CIBC increased their price objective on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the stock a neutral rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of C$8.40.
Check Out Our Latest Stock Report on Cardinal Energy
Cardinal Energy Stock Down 1.0 %
Cardinal Energy (TSE:CJ – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.04). The firm had revenue of C$140.23 million during the quarter, compared to analysts’ expectations of C$143.40 million. Cardinal Energy had a return on equity of 11.47% and a net margin of 21.40%. On average, research analysts expect that Cardinal Energy will post 0.6995885 earnings per share for the current year.
Cardinal Energy Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.72 annualized dividend and a yield of 10.71%. Cardinal Energy’s payout ratio is 110.77%.
Insider Activity at Cardinal Energy
In related news, Senior Officer David Kelly sold 7,100 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total transaction of C$50,214.75. 23.39% of the stock is currently owned by corporate insiders.
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.
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