Cardinal Energy Ltd (CJ) Receives Average Recommendation of “Buy” from Analysts

Cardinal Energy Ltd (TSE:CJ) has received an average recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$6.71.

A number of brokerages have commented on CJ. Raymond James Financial increased their price objective on Cardinal Energy from C$5.00 to C$5.50 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. TD Securities increased their price target on Cardinal Energy from C$5.50 to C$6.50 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, National Bank Financial raised their price objective on Cardinal Energy from C$7.00 to C$7.25 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th.

Cardinal Energy (CJ) traded down C$0.01 during mid-day trading on Friday, hitting C$4.83. The stock had a trading volume of 581,700 shares, compared to its average volume of 959,861. Cardinal Energy has a 52 week low of C$3.76 and a 52 week high of C$9.00. The company has a market cap of $536.46, a price-to-earnings ratio of -11.23 and a beta of 1.56.

Cardinal Energy (TSE:CJ) last released its quarterly earnings data on Tuesday, November 7th. The company reported C($0.11) earnings per share for the quarter, missing the consensus estimate of C($0.06) by C($0.05). Cardinal Energy had a negative net margin of 16.44% and a negative return on equity of 5.88%.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Tuesday, January 30th. Cardinal Energy’s payout ratio is -97.67%.

In other Cardinal Energy news, insider Spankeren Shawn Arie Van purchased 20,000 shares of Cardinal Energy stock in a transaction that occurred on Wednesday, January 17th. The stock was acquired at an average price of C$4.83 per share, for a total transaction of C$96,600.00. Also, Director John Albert Brussa purchased 10,000 shares of Cardinal Energy stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of C$4.71 per share, with a total value of C$47,100.00.

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About Cardinal Energy

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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