Cardinal Energy (TSE:CJ) PT Lowered to C$7.00 at Royal Bank of Canada

Cardinal Energy (TSE:CJ) had its target price decreased by Royal Bank of Canada from C$8.00 to C$7.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

CJ has been the subject of a number of other research reports. BMO Capital Markets decreased their price target on Cardinal Energy from C$8.00 to C$7.50 in a research report on Wednesday, July 3rd. CIBC increased their price objective on Cardinal Energy from C$8.50 to C$8.75 in a research note on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$8.05.

Cardinal Energy Stock Up 1.1 %

Shares of CJ stock opened at C$6.45 on Tuesday. Cardinal Energy has a 1 year low of C$5.75 and a 1 year high of C$7.96. The stock has a market cap of C$1.03 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of -0.26 and a beta of 2.84. The business’s fifty day moving average is C$6.78 and its 200-day moving average is C$6.84. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.33 by C($0.08). The firm had revenue of C$169.35 million for the quarter, compared to analyst estimates of C$164.70 million. Cardinal Energy had a net margin of 22.78% and a return on equity of 12.73%. Equities analysts expect that Cardinal Energy will post 0.8847737 earnings per share for the current fiscal year.

Cardinal Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.16%. The ex-dividend date is Monday, September 30th. Cardinal Energy’s payout ratio is presently 98.63%.

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.