Cardinal Energy Ltd (CJ) Given Average Rating of “Buy” by Brokerages

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Cardinal Energy Ltd (TSE:CJ) has been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$3.94.

Several analysts have recently weighed in on the company. Raymond James reiterated a “market perform” rating and set a C$4.25 target price on shares of Cardinal Energy in a research report on Monday, April 15th. GMP Securities lifted their target price on Cardinal Energy from C$4.00 to C$4.50 in a research report on Monday, April 15th. BMO Capital Markets lifted their target price on Cardinal Energy from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Canaccord Genuity decreased their target price on Cardinal Energy from C$4.25 to C$2.70 in a research report on Thursday, January 10th. Finally, Royal Bank of Canada decreased their target price on Cardinal Energy from C$7.00 to C$5.00 in a research report on Tuesday, January 8th.

CJ traded up C$0.01 during trading on Friday, reaching C$3.27. The company had a trading volume of 373,800 shares, compared to its average volume of 627,572. The company has a market cap of $379.96 million and a PE ratio of 6.29. Cardinal Energy has a 52 week low of C$1.80 and a 52 week high of C$5.89. 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 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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