Cardinal Energy (TSE:CJ) Price Target Raised to C$11.00 at Royal Bank Of Canada

Cardinal Energy (TSE:CJ) had its price objective increased by Royal Bank Of Canada from C$9.50 to C$11.00 in a research note released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on CJ. Raymond James Financial lifted their price target on Cardinal Energy from C$9.00 to C$9.50 and gave the company a “market perform” rating in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce raised Cardinal Energy from a “hold” rating to a “strong-buy” rating and increased their price objective for the stock from C$7.75 to C$11.00 in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$10.50.

Cardinal Energy Stock Up 2.4%

Cardinal Energy stock opened at C$10.55 on Monday. Cardinal Energy has a 1-year low of C$4.64 and a 1-year high of C$10.66. The firm has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of -0.26 and a beta of 0.53. The firm’s fifty day moving average price is C$9.40 and its two-hundred day moving average price is C$8.65. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 29.09.

Cardinal Energy (TSE:CJ) last posted its earnings results on Thursday, March 12th. The company reported C($0.18) EPS for the quarter. Cardinal Energy had a return on equity of 2.35% and a net margin of 4.22%.The business had revenue of C$109.19 million for the quarter. On average, equities research analysts predict that Cardinal Energy will post 0.625118 earnings per share for the current fiscal year.

Cardinal Energy Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were paid a $0.06 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.8%. Cardinal Energy’s dividend payout ratio is presently 150.00%.

Cardinal Energy Company Profile

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.