Cardinal Energy (TSE:CJ) PT Lowered to C$4.00 at Raymond James

Cardinal Energy (TSE:CJ) had its price objective cut by Raymond James from C$4.25 to C$4.00 in a report published on Thursday morning, BayStreet.CA reports.

CJ has been the topic of several other research reports. CIBC dropped their price target on WestJet Airlines from C$22.00 to C$21.00 in a research note on Tuesday, April 23rd. National Bank Financial lowered their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research note on Tuesday, June 25th. BMO Capital Markets upped their target price on Citigroup from $92.00 to $93.00 and gave the stock an outperform rating in a research note on Monday, April 15th. GMP Securities restated a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, Cormark lowered their target price on Prairie Provident Resources from C$0.45 to C$0.40 in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$3.74.

Cardinal Energy stock opened at C$2.41 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 33.17. The company’s 50-day moving average price is C$2.44. The stock has a market cap of $276.38 million and a P/E ratio of 4.90. Cardinal Energy has a fifty-two week low of C$1.80 and a fifty-two week high of C$5.68.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C($0.14) earnings per share for the quarter. The business had revenue of C$94.05 million during the quarter. Analysts expect that Cardinal Energy will post 0.08 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be paid a $0.015 dividend. This is an increase from Cardinal Energy’s previous monthly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 7.47%. Cardinal Energy’s dividend payout ratio is presently 65.04%.

Cardinal Energy Company Profile

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 Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Cardinal Energy (TSE:CJ)

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