FY2024 EPS Estimates for Cardinal Energy Reduced by Analyst

Cardinal Energy Ltd. (TSE:CJ) – Investment analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for Cardinal Energy in a research report issued to clients and investors on Monday, February 24th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.67 per share for the year, down from their prior forecast of $0.68. Atb Cap Markets 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.

Other analysts also recently issued reports about the company. CIBC reduced their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of Cardinal Energy from C$7.00 to C$7.50 in a research report on Tuesday, January 14th.

Cardinal Energy Stock Performance

Shares of Cardinal Energy stock opened at C$6.54 on Thursday. The business’s fifty day simple moving average is C$6.50 and its 200-day simple moving average is C$6.53. Cardinal Energy has a 52 week low of C$5.98 and a 52 week high of C$7.38. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. The firm has a market cap of C$1.04 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 11.01%. Cardinal Energy’s payout ratio is currently 111.27%.

Insiders Place Their Bets

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

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.