Research Analysts Issue Forecasts for Cardinal Energy Ltd’s Q1 2018 Earnings (CJ)

Cardinal Energy Ltd (TSE:CJ) – Cormark dropped their Q1 2018 earnings per share estimates for Cardinal Energy in a note issued to investors on Friday. Cormark analyst G. Ursu now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for Cardinal Energy’s Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.13 EPS.

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Other equities analysts have also recently issued research reports about the company. Nomura initiated coverage on Cardinal Energy in a report on Thursday, April 20th. They issued a “buy” rating for the company. Instinet reaffirmed a “buy” rating on shares of Cardinal Energy in a report on Thursday, April 20th. TD Securities lowered their target price on Cardinal Energy from C$9.00 to C$8.00 and set a “buy” rating for the company in a report on Friday, May 5th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a C$6.75 target price on shares of Cardinal Energy in a report on Tuesday, June 13th. Finally, BMO Capital Markets set a C$7.00 price target on Cardinal Energy and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$8.97.

Cardinal Energy (TSE CJ) traded down 4.09% during trading on Monday, reaching $4.46. The company had a trading volume of 780,838 shares. Cardinal Energy has a 12-month low of $4.22 and a 12-month high of $10.81. The firm’s 50 day moving average price is $4.70 and its 200 day moving average price is $6.68. The firm’s market capitalization is $353.56 million.

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.42 annualized dividend and a dividend yield of 9.03%.

Cardinal Energy Company Profile

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.

Earnings History and Estimates for Cardinal Energy (TSE:CJ)

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