Cardinal Energy (CJ) Given New C$7.00 Price Target at CIBC

Cardinal Energy (TSE:CJ) had its price target increased by CIBC from C$6.00 to C$7.00 in a report released on Friday.

A number of other analysts have also commented on CJ. Raymond James decreased their target price on Cardinal Energy from C$5.25 to C$5.00 in a research report on Monday, February 5th. GMP Securities decreased their target price on Cardinal Energy from C$7.25 to C$6.75 in a research report on Thursday, March 1st. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$5.50 target price on shares of Cardinal Energy in a research report on Wednesday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cardinal Energy presently has a consensus rating of Buy and an average price target of C$6.69.

Shares of Cardinal Energy opened at C$5.68 on Friday, reports. Cardinal Energy has a 1 year low of C$3.76 and a 1 year high of C$6.76.

Cardinal Energy (TSE:CJ) last announced its quarterly earnings data on Tuesday, March 20th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.01). The business had revenue of C$97.65 million during the quarter, compared to analyst estimates of C$85.70 million. Cardinal Energy had a negative net margin of 16.44% and a negative return on equity of 5.88%.

In other Cardinal Energy news, Director M. Scott Ratushny sold 21,475 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of C$4.25, for a total transaction of C$91,268.75. Also, Director John Albert Brussa acquired 15,000 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were bought at an average cost of C$4.53 per share, with a total value of C$67,950.00.

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.

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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