Cardinal Energy (CRLFF) to Release Quarterly Earnings on Thursday

Cardinal Energy (OTCMKTS:CRLFF) will likely be announcing its results before the market opens on Thursday, March 12th. Analysts expect the company to announce earnings of $0.0555 per share and revenue of $97.4740 million for the quarter.

Cardinal Energy Trading Down 0.1%

Shares of CRLFF stock opened at $7.42 on Tuesday. Cardinal Energy has a 1 year low of $3.28 and a 1 year high of $7.59. The business’s fifty day moving average is $6.73 and its 200-day moving average is $6.18.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canadian Imperial Bank of Commerce upgraded shares of Cardinal Energy from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cardinal Energy in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Cardinal Energy has a consensus rating of “Moderate Buy”.

About Cardinal Energy

Cardinal Energy Ltd. (OTCMKTS: CRLFF) is a Canada-based upstream oil and gas company focused on the exploration, development and production of conventional hydrocarbon resources in Western Canada. Founded in 2009 and headquartered in Calgary, Alberta, Cardinal Energy targets mature resource plays in Alberta and Saskatchewan, with a core asset base in the Cardium and Mannville formations as well as shallow natural gas zones.

The company pursues a disciplined growth strategy grounded in low-cost drilling, optimized well design and efficient operations.