Cardinal Energy (CJ) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cardinal Energy in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CJ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CJ, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 1 year target prices for Cardinal Energy's stock. Their CJ share price forecasts range from C$9.00 to C$11.00. On average, they expect the company's stock price to reach C$9.70 in the next twelve months. This suggests a possible upside of 37.8% from the stock's current price.
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Cardinal Energy's stock was trading at C$7.62 at the beginning of the year. Since then, CJ stock has decreased by 7.6% and is now trading at C$7.04.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CJ earnings forecast.

Cardinal Energy Ltd. (TSE:CJ) posted its quarterly earnings data on Monday, March, 13th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.07. The company earned $154.89 million during the quarter, compared to the consensus estimate of $177.60 million. Cardinal Energy had a net margin of 46.63% and a trailing twelve-month return on equity of 31.32%.

Cardinal Energy declared a monthly dividend on Tuesday, May 30th. Investors of record on Thursday, June 15th will be given a dividend of 0.06 per share on Thursday, June 15th. This represents a $0.72 annualized dividend and a yield of 10.23%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for CJ.

Cardinal Energy (TSE:CJ) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 10.36%. CJ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CJ.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cardinal Energy investors own include Whitecap Resources (WCP), AltaGas (ALA), Major Drilling Group International (MDI), TORC Oil & Gas Ltd. (TOG.TO) (TOG), Crescent Point Energy (CPG), Baytex Energy (BTE), Surge Energy (SGY), Obsidian Energy (OBE), Tourmaline Oil (TOU) and Birchcliff Energy (BIR).

Cardinal Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CJ."

Shares of CJ stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CJ stock can currently be purchased for approximately C$7.04.

Cardinal Energy (TSE:CJ) has a market capitalization of C$1.11 billion and generates C$561.41 million in revenue each year. The company earns C$261.77 million in net income (profit) each year or C$1.67 on an earnings per share basis.

The company employs 180 workers across the globe.

Cardinal Energy's mailing address is 600-400 3 Ave SW, CALGARY, AB T2P 4H2, Canada. The official website for the company is www.cardinalenergy.ca. The company can be reached via phone at +1-403-2162709.