Cardinal Energy (OTCMKTS:CRLFF – Get Free Report) will likely be announcing its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $0.2710 per share and revenue of $168.4470 million for the quarter.
Cardinal Energy Stock Performance
Shares of OTCMKTS CRLFF opened at $7.65 on Tuesday. Cardinal Energy has a one year low of $5.03 and a one year high of $9.68. The business has a 50-day moving average price of $8.19 and a two-hundred day moving average price of $7.70.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Cardinal Energy in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cardinal Energy presently has an average 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.
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