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" Cardinal Energy stock. 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.
View analyst ratings for Cardinal Energy or view top-rated stocks.

3 Wall Street research analysts have issued 12-month price targets for Cardinal Energy's stock. Their CJ stock forecasts range from C$6.50 to C$13.00. On average, they predict Cardinal Energy's share price to reach C$9.70 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price.
View analysts' price targets for Cardinal Energy or view top-rated stocks among Wall Street analysts.

Cardinal Energy's stock was trading at C$4.27 at the beginning of the year. Since then, CJ stock has increased by 99.3% and is now trading at C$8.51.
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Cardinal Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Cardinal Energy.

Cardinal Energy Ltd. (TSE:CJ) announced its quarterly earnings results on Thursday, May, 12th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $174.34 million for the quarter.

Cardinal Energy declared a monthly dividend on Thursday, July 28th. Stockholders of record on Monday, August 15th will be paid a dividend of 0.05 per share on Monday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Thursday, July 28th. This is a positive change from Cardinal Energy's previous monthly dividend of C$0.02.
View Cardinal Energy's dividend history.

Cardinal Energy(TSE:CJ) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 7.23%. CJ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Cardinal Energy is 1.69%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cardinal Energy's dividend history.

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 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$8.51.

Cardinal Energy (TSE:CJ) has a market capitalization of C$1.33 billion and generates C$538.35 million in revenue each year.

Cardinal Energy 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 Cardinal Energy is www.cardinalenergy.ca. The company can be reached via phone at +1-403-2162709.