Cardinal Energy (CJ) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS
Cardinal Energy (TSE:CJ) issued its quarterly earnings data on Friday. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.05, AnalystRatingsNetwork.com reports.
Shares of Cardinal Energy (TSE:CJ) opened at 18.65 on Friday. Cardinal Energy has a 52-week low of $11.10 and a 52-week high of $19.99. The stock’s 50-day moving average is $18.50 and its 200-day moving average is $15.88. The company has a market cap of $702.6 million and a price-to-earnings ratio of 6.46.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.0542 per share. This represents a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, July 29th.
On the ratings front, analysts at CIBC raised their price target on shares of Cardinal Energy from C$17.50 to C$19.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$18.07.
Cardinal Energy Ltd. is a junior oil focused company. The Company’s Chauvin is located approximately 65 kilometers east of Wainwright, Alberta.
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