Atb Cap Markets Predicts 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) - Equities research analysts at Atb Cap Markets upped their FY2025 earnings 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 estimate 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 analysts have also issued reports on the stock. CIBC dropped their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a research note on Thursday, April 10th. Royal Bank Of Canada upgraded shares of Cardinal Energy from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$7.00 to C$7.50 in a research note on Thursday, April 17th.

Cardinal Energy Trading Down 2.1%

CJ opened at C$7.04 on Monday. The firm has a market capitalization of C$1.12 billion, a P/E ratio of 10.88, a P/E/G ratio of -0.26 and a beta of 2.81. The firm's 50 day moving average is C$6.82 and its 200-day moving average is C$6.39. Cardinal Energy has a 52-week low of C$4.64 and a 52-week high of C$7.46. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05.

Insider Buying and Selling at Cardinal Energy

In related news, Director John Festival purchased 6,925 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of C$6.13 per share, with a total value of C$42,450.25. Insiders own 23.38% of the company's stock.

Cardinal Energy Announces Dividend

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

About Cardinal Energy

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.

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