Atb Cap Markets Brokers Lower Earnings Estimates for Cardinal Energy Ltd. (TSE:CJ)

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

Cardinal Energy (TSE:CJ - Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.07). Cardinal Energy had a return on equity of 11.22% and a net margin of 21.53%. The business had revenue of C$148.04 million for the quarter, compared to the consensus estimate of C$147.60 million.

Several other research firms have also recently weighed in on CJ. ATB Capital dropped their price target on Cardinal Energy from C$9.50 to C$8.50 and set an "outperform" rating for the company in a report on Thursday, January 18th. CIBC lifted their price target on Cardinal Energy from C$8.00 to C$8.50 and gave the stock a "neutral" rating in a report on Monday. Finally, Raymond James dropped their price objective on Cardinal Energy from C$9.00 to C$8.50 and set a "market perform" rating for the company in a report on Friday, January 19th.

Cardinal Energy Stock Performance

Shares of TSE CJ traded up C$0.19 during midday trading on Tuesday, hitting C$7.21. 1,088,882 shares of the company's stock were exchanged, compared to its average volume of 557,829. The firm has a market capitalization of C$1.14 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of -0.26 and a beta of 2.99. The company's 50 day moving average price is C$6.83 and its 200 day moving average price is C$6.75. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 5.44. Cardinal Energy has a 12 month low of C$5.75 and a 12 month high of C$7.96.

Insider Buying and Selling

In related news, Senior Officer David Kelly sold 7,100 shares of the business's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.07, for a total transaction of C$50,214.75. In other Cardinal Energy 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 purchased 27,000 shares of Cardinal Energy stock in a transaction on Thursday, April 4th. The stock was bought at an average price of C$6.99 per share, for a total transaction of C$188,670.60. 24.00% of the stock is currently owned by corporate insiders.

Cardinal Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 9.99%. Cardinal Energy's dividend payout ratio is currently 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.