Raymond James Lowers Cardinal Energy (CJ) Price Target to C$5.75

Cardinal Energy (TSE:CJ) had its price objective trimmed by Raymond James from C$6.00 to C$5.75 in a research report released on Friday morning.

Separately, Canaccord Genuity upped their price objective on shares of Cardinal Energy from C$6.00 to C$6.50 in a report on Tuesday, July 10th.

Shares of CJ opened at C$5.03 on Friday. Cardinal Energy has a fifty-two week low of C$3.96 and a fifty-two week high of C$5.89.

Cardinal Energy (TSE:CJ) last announced its quarterly earnings data on Thursday, August 2nd. The company reported C($0.17) earnings per share for the quarter. The business had revenue of C$111.85 million during the quarter. Cardinal Energy had a negative return on equity of 5.88% and a negative net margin of 16.44%.

The company also recently announced a monthly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 15th will be paid a $0.035 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.42 annualized dividend and a dividend yield of 8.35%.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Wainwright, Bantry, Mitsue, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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