Shares of Cardinal Energy Ltd (TSE:CJ) have been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$6.63.
A number of brokerages recently commented on CJ. Raymond James Financial lowered their price objective on shares of Cardinal Energy from C$5.25 to C$5.00 in a research report on Monday, February 5th. National Bank Financial boosted their price objective on shares of Cardinal Energy from C$7.00 to C$7.25 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, TD Securities boosted their price objective on shares of Cardinal Energy from C$5.50 to C$6.50 and gave the company a “buy” rating in a research report on Thursday, November 9th.
Shares of Cardinal Energy (TSE CJ) traded down C$0.02 on Wednesday, reaching C$4.43. 450,192 shares of the company were exchanged, compared to its average volume of 824,267. Cardinal Energy has a 52-week low of C$3.76 and a 52-week high of C$8.44. The stock has a market capitalization of $505.79, a P/E ratio of -10.40 and a beta of 1.36.
In other Cardinal Energy news, insider Spankeren Shawn Arie Van bought 20,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was bought at an average cost of C$4.83 per share, with a total value of C$96,600.00.
Cardinal Energy Company Profile
Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.
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