Cardinal Energy (TSE:CJ) PT Raised to C$8.50

Cardinal Energy (TSE:CJ) had its price target lifted by analysts at CIBC from C$8.00 to C$8.50 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 17.89% from the company’s current price.

A number of other research firms have also recently issued reports on CJ. ATB Capital decreased their price target on shares of Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating for the company in a report on Thursday, January 18th. Raymond James decreased their price target on shares of Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating for the company in a report on Friday, January 19th.

Cardinal Energy Trading Up 2.7 %

TSE:CJ opened at C$7.21 on Monday. Cardinal Energy has a 52 week low of C$5.75 and a 52 week high of C$7.96. The firm has a 50 day moving average of C$6.85 and a 200 day moving average of C$6.75. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 5.44. The stock has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 11.09, a PEG ratio of -0.26 and a beta of 2.99.

Cardinal Energy (TSE:CJ) last posted its quarterly earnings results on Thursday, March 14th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.07). The company had revenue of C$148.04 million during the quarter, compared to analysts’ expectations of C$147.60 million. Cardinal Energy had a return on equity of 11.22% and a net margin of 21.53%. As a group, sell-side analysts anticipate that Cardinal Energy will post 0.795302 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cardinal Energy news, Director John Albert Brussa bought 27,000 shares of Cardinal Energy stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average price of C$6.99 per share, with a total value of C$188,670.60. In other Cardinal Energy news, Director John Albert Brussa bought 27,000 shares of Cardinal Energy stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average price of C$6.99 per share, with a total value of C$188,670.60. Also, Senior Officer David Kelly sold 7,100 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total transaction of C$50,214.75. 24.00% of the stock is currently owned by corporate insiders.

About Cardinal Energy

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.