Cardinal Energy (CJ) Price Target Increased to C$7.25 by Analysts at National Bank Financial
Cardinal Energy (TSE:CJ) had its target price raised by National Bank Financial from C$7.00 to C$7.25 in a research note issued to investors on Tuesday morning. They currently have an outperform rating on the stock.
Several other brokerages also recently commented on CJ. TD Securities lifted their target price on Cardinal Energy from C$5.50 to C$6.50 and gave the stock a buy rating in a report on Thursday, November 9th. Raymond James Financial boosted their price objective on Cardinal Energy from C$5.00 to C$5.50 and gave the company a market perform rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cardinal Energy presently has an average rating of Buy and a consensus price target of C$7.61.
Cardinal Energy (CJ) opened at C$5.01 on Tuesday. The company has a market capitalization of $555.30, a PE ratio of -11.65 and a beta of 1.56. Cardinal Energy has a twelve month low of C$3.76 and a twelve month high of C$9.87.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date of this dividend is Tuesday, January 30th. Cardinal Energy’s dividend payout ratio is -97.67%.
In other news, Director John Albert Brussa purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average cost of C$4.71 per share, with a total value of C$47,100.00. Also, insider Tim Hyde sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of C$4.31, for a total value of C$142,230.00. Insiders bought a total of 20,000 shares of company stock worth $88,950 over the last three months.
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About Cardinal Energy
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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