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The latest update is out from Cardinal Energy ( (TSE:CJ) ).
Cardinal Energy Ltd. announced the payment of a $0.06 per share dividend for September, to be distributed in October. Additionally, the company has begun steam injection at its Reford Thermal Project in Saskatchewan, marking the completion of the construction phase. This project is expected to significantly boost Cardinal’s production capacity, with a target of 6,000 barrels per day by early 2026. The company anticipates a 30% increase in production in the first quarter of 2026 and is preparing to sanction additional projects as market conditions permit.
The most recent analyst rating on (TSE:CJ) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Cardinal Energy stock, see the TSE:CJ Stock Forecast page.
Spark’s Take on TSE:CJ Stock
According to Spark, TipRanks’ AI Analyst, TSE:CJ is a Outperform.
Cardinal Energy’s strong financial performance and attractive valuation are the primary drivers of its high score. The company’s consistent dividend payouts and strategic project advancements further enhance its investment appeal. Technical indicators support a positive outlook, although profitability improvements could bolster the score further.
To see Spark’s full report on TSE:CJ stock, click here.
More about Cardinal Energy
Cardinal Energy Ltd. operates in the energy sector, focusing on oil production and development projects. The company is involved in thermal oil projects and aims to increase its production capacity through strategic initiatives.
Average Trading Volume: 690,388
Technical Sentiment Signal: Buy
Current Market Cap: C$1.17B
Learn more about CJ stock on TipRanks’ Stock Analysis page.