Cardinal Energy Ltd Declares Aug 14 Dividend of C$0.05 (CJ)
Cardinal Energy (TSE:CJ) announced a aug 14 dividend on Tuesday, August 19th, AnalystRatings.Net reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.0542 per share on Monday, September 15th. The ex-dividend date is Wednesday, August 27th.
A number of analysts have recently weighed in on CJ shares. Analysts at National Bank Financial initiated coverage on shares of Cardinal Energy in a research note on Monday. They set an “outperform” rating and a C$21.00 price target on the stock. On a related note, analysts at CIBC raised their price target on shares of Cardinal Energy from C$19.00 to C$22.50 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, 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, Cardinal Energy has a consensus rating of “Buy” and an average target price of C$19.00.
Cardinal Energy (TSE:CJ) traded up 1.26% on Tuesday, hitting $19.34. 301,649 shares of the company’s stock traded hands. 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 $18.56 and its 200-day moving average is $16.0. The company has a market cap of $728.6 million and a price-to-earnings ratio of 6.45.
Cardinal Energy (TSE:CJ) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.05. Analysts expect that Cardinal Energy will post $0.51 EPS for the current fiscal year.
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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