Brokerages Set Cardinal Energy Ltd (CJ) PT at $3.91

Cardinal Energy Ltd (TSE:CJ) has been given an average rating of “Buy” by the nine analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$3.94.

CJ has been the subject of a number of research reports. TD Securities downgraded Cardinal Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$4.75 to C$2.75 in a report on Monday, January 7th. Canaccord Genuity decreased their target price on Cardinal Energy from C$4.25 to C$2.70 in a report on Thursday, January 10th. Royal Bank of Canada decreased their target price on Cardinal Energy from C$7.00 to C$5.00 in a report on Tuesday, January 8th. National Bank Financial downgraded Cardinal Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$4.25 to C$3.25 in a report on Friday, March 1st. Finally, Raymond James lifted their target price on Cardinal Energy from C$3.75 to C$4.25 and gave the stock a “market perform” rating in a report on Wednesday, March 6th.

Shares of Cardinal Energy stock traded up C$0.01 on Friday, reaching C$3.27. 373,800 shares of the stock were exchanged, compared to its average volume of 627,572. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 32.75. Cardinal Energy has a twelve month low of C$1.80 and a twelve month high of C$5.89. The company has a market capitalization of $379.96 million and a price-to-earnings ratio of 6.29.

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 Wainwright, Bantry, Mitsue, 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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