Cardinal Energy Ltd. (TSE:CJ) Forecasted to Earn FY2025 Earnings of $0.48 Per Share

Cardinal Energy Ltd. (TSE:CJ) – Equities research analysts at Atb Cap Markets dropped their FY2025 earnings per share (EPS) estimates for shares of Cardinal Energy in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.48 per share for the year, down from their prior estimate of $0.49. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.80 per share.

Other equities analysts have also recently issued reports about the company. Raymond James reduced their target price on Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating for the company in a research report on Friday, January 19th. CIBC boosted their target price on Cardinal Energy from C$8.00 to C$8.50 and gave the stock a “neutral” rating in a research report on Monday. Finally, ATB Capital reduced their target price on Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Thursday, January 18th.

Cardinal Energy Stock Performance

TSE:CJ opened at C$7.21 on Tuesday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 0.67 and a current ratio of 0.54. Cardinal Energy has a 52-week low of C$5.75 and a 52-week high of C$7.96. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of 11.09, a PEG ratio of -0.26 and a beta of 2.99. The business’s fifty day moving average is C$6.85 and its 200 day moving average is C$6.75.

Cardinal Energy (TSE:CJ) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.07). Cardinal Energy had a net margin of 21.53% and a return on equity of 11.22%. The company had revenue of C$148.04 million for the quarter, compared to the consensus estimate of C$147.60 million.

Insider Transactions at Cardinal Energy

In other news, Senior Officer David Kelly sold 7,100 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total value of C$50,214.75. In other news, Senior Officer David Kelly sold 7,100 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total value of C$50,214.75. Also, Director John Albert Brussa acquired 27,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was purchased at an average price of C$6.99 per share, with a total value of C$188,670.60. Company insiders own 24.00% of the company’s stock.

Cardinal Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 9.99%. The ex-dividend date is Monday, April 29th. Cardinal Energy’s payout ratio is 110.77%.

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.