Cardinal Energy (TSE:CJ) Price Target Cut to C$7.00

by · The Cerbat Gem

Cardinal Energy (TSE:CJ – Get Free Report) had its price target decreased by investment analysts at BMO Capital Markets from C$7.50 to C$7.00 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 5.90% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. CIBC boosted their target price on shares of Cardinal Energy from C$8.50 to C$8.75 in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$7.95.

Read Our Latest Stock Analysis on CJ

Cardinal Energy Stock Performance

TSE:CJ opened at C$6.61 on Friday. The stock has a market cap of C$1.05 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of -0.26 and a beta of 2.84. The firm’s fifty day simple moving average is C$6.68 and its 200 day simple moving average is C$6.82. Cardinal Energy has a twelve month low of C$5.75 and a twelve month high of C$7.96. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04.

Cardinal Energy (TSE:CJ – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.08). The company had revenue of C$169.35 million during the quarter, compared to the consensus estimate of C$164.70 million. Cardinal Energy had a net margin of 22.78% and a return on equity of 12.73%. As a group, research analysts predict that Cardinal Energy will post 0.635 EPS for the current year.

Insider Transactions at Cardinal Energy

In other news, Director John Albert Brussa acquired 6,400 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were bought at an average cost of C$6.40 per share, with a total value of C$40,960.00. 23.38% of the stock is owned by insiders.

Cardinal Energy Company Profile

(Get Free Report)

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

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