Cardinal Energy Ltd (CJ) Scheduled to Post Quarterly Earnings on Monday

Cardinal Energy Ltd (TSE:CJ) is scheduled to be issuing its quarterly earnings data on Monday, November 6th. Analysts expect the company to announce earnings of C($0.03) per share for the quarter.

Shares of Cardinal Energy Ltd (CJ) opened at C$5.05 on Friday.

The company also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.42 annualized dividend and a dividend yield of 8.32%.

In related news, insider Tim Hyde sold 33,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of C$4.31, for a total value of C$142,230.00. Also, Director John Albert Brussa purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of C$4.13 per share, for a total transaction of C$61,950.00. In the last quarter, insiders purchased 64,000 shares of company stock worth $256,750.

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Several research analysts have recently weighed in on the stock. Raymond James Financial, Inc. lowered their price objective on shares of Cardinal Energy from C$6.25 to C$5.50 and set a “market perform” rating on the stock in a research note on Thursday, August 3rd. Scotiabank lowered shares of Cardinal Energy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$10.00 to C$6.00 in a research note on Wednesday, August 9th. BMO Capital Markets set a C$7.00 price objective on shares of Cardinal Energy and gave the stock an “outperform” rating in a research note on Friday, July 28th. Royal Bank Of Canada lowered their price objective on shares of Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, TD Securities lowered their price objective on shares of Cardinal Energy from C$8.00 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$7.64.

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.

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