Atb Cap Markets Weighs in on Cardinal Energy FY2025 Earnings

Key Points

• Atb Cap Markets has raised its earnings estimate for Cardinal Energy's FY2025 to $0.35 per share, up from a previous estimate of $0.30.
• The company has declared a monthly dividend of $0.06 per share, which results in an annualized yield of 10.2%.
• Insider buying was noted as Director John Festival purchased 6,925 shares at an average price of C$6.13 per share.

Cardinal Energy Ltd. (TSE:CJ - Free Report) - Research analysts at Atb Cap Markets raised their FY2025 EPS estimates for Cardinal Energy in a report released on Thursday, July 31st. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.35 for the year, up from their previous forecast of $0.30. 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 FY2026 earnings at $0.30 EPS.

A number of other brokerages have also issued reports on CJ. CIBC lowered their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Thursday, April 10th. Royal Bank Of Canada upgraded shares of Cardinal Energy from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$7.00 to C$7.50 in a research report on Thursday, April 17th.

Cardinal Energy Stock Performance

Shares of CJ traded up C$0.06 during mid-day trading on Monday, reaching C$7.08. 411,080 shares of the company's stock were exchanged, compared to its average volume of 713,802. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. The stock has a market capitalization of C$1.13 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The business's fifty day simple moving average is C$6.87 and its 200-day simple moving average is C$6.41. Cardinal Energy has a 52-week low of C$4.64 and a 52-week high of C$7.46.

Cardinal Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Thursday, July 31st. Cardinal Energy's dividend payout ratio (DPR) is 111.27%.

Insiders Place Their Bets

In related news, Director John Festival bought 50,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of C$6.10 per share, for a total transaction of C$305,000.00. 23.38% of the stock is currently owned by company insiders.

Cardinal Energy Company Profile

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.