Atb Cap Markets Predicts Higher Earnings for Cardinal Energy

Key Points

• Analysts from Atb Cap Markets have raised their Q2 2026 earnings estimate for Cardinal Energy Ltd. from $0.07 to $0.08 per share, with a consensus forecast of $0.63 for the full year.
• Royal Bank of Canada upgraded Cardinal Energy from "sector perform" to "outperform" with a price target increase from C$7.00 to C$7.50.
• The company announced a monthly dividend of $0.06, with a dividend yield of 10.0%, although its payout ratio currently stands at 111.27%.

Cardinal Energy Ltd. (TSE:CJ - Free Report) - Atb Cap Markets increased their Q2 2026 earnings estimates for shares of Cardinal Energy in a report released on Thursday, July 31st. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.08 per share for the quarter, up from their previous estimate of $0.07. 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 Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.08 EPS and FY2027 earnings at $0.27 EPS.

Other analysts have also recently issued research reports about the stock. 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 stock from C$7.00 to C$7.50 in a research note on Thursday, April 17th. 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.

Cardinal Energy Stock Performance

Shares of CJ stock traded down C$0.05 during midday trading on Friday, hitting C$6.99. 530,777 shares of the company were exchanged, compared to its average volume of 716,002. The firm has a market capitalization of C$1.12 billion, a P/E ratio of 10.80, a PEG ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The firm's 50 day moving average price is C$6.84 and its two-hundred day moving average price is C$6.40. 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 announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 10.3%. Cardinal Energy's payout ratio is presently 111.27%.

Insider Activity at Cardinal Energy

In other news, Director John Festival bought 50,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of C$6.10 per share, for a total transaction of C$305,000.00. Insiders own 23.38% of the company's stock.

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.