FY2023 Earnings Forecast for Cardinal Energy Ltd. (TSE:CJ) Issued By Stifel Firstegy

Posted by on Jul 17th, 2023

Cardinal Energy Ltd. (TSE:CJ – Free Report) – Equities research analysts at Stifel Firstegy lifted their FY2023 EPS estimates for shares of Cardinal Energy in a research report issued to clients and investors on Thursday, July 13th. Stifel Firstegy analyst C. Kwong now forecasts that the company will post earnings per share of $0.57 for the year, up from their prior estimate of $0.54. The consensus estimate for Cardinal Energy’s current full-year earnings is $0.73 per share. Stifel Firstegy also issued estimates for Cardinal Energy’s FY2024 earnings at $0.55 EPS.

Cardinal Energy (TSE:CJ – Get Free Report) last issued its quarterly earnings data on Thursday, May 11th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C($0.02). The company had revenue of C$134.98 million during the quarter, compared to analysts’ expectations of C$138.60 million. Cardinal Energy had a net margin of 46.63% and a return on equity of 31.32%.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets lowered their price target on Cardinal Energy from C$10.50 to C$9.00 in a report on Monday, March 27th. Raymond James reduced their price objective on Cardinal Energy from C$9.00 to C$8.00 in a research note on Friday.

Cardinal Energy Stock Down 1.7 %

Shares of TSE:CJ opened at C$6.93 on Monday. The company has a debt-to-equity ratio of 5.47, a current ratio of 0.63 and a quick ratio of 0.67. The firm has a market capitalization of C$1.11 billion, a PE ratio of 4.23, a price-to-earnings-growth ratio of -0.26 and a beta of 3.13. The firm’s 50-day moving average is C$6.79 and its two-hundred day moving average is C$7.12. Cardinal Energy has a 1 year low of C$6.25 and a 1 year high of C$9.96.

Cardinal Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.72 annualized dividend and a yield of 10.39%. Cardinal Energy’s dividend payout ratio is presently 43.90%.

Cardinal Energy Company Profile

(Get Free Report)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

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

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