Cardinal Energy (TSE:CJ) Stock Price Crosses Below 50-Day Moving Average of $2.32
Cardinal Energy Ltd (TSE:CJ)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.32 and traded as low as $2.02. Cardinal Energy shares last traded at $2.07, with a volume of 154,201 shares traded.
CJ has been the subject of several research reports. National Bank Financial increased their target price on Cardinal Energy from C$2.75 to C$3.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Raymond James reissued a “market perform” rating and issued a C$4.00 target price on shares of Cardinal Energy in a research report on Wednesday, July 31st. Cormark increased their target price on Cardinal Energy from C$4.25 to C$4.50 in a research report on Tuesday, April 23rd. CIBC increased their target price on Cardinal Energy from C$3.25 to C$3.75 in a research report on Tuesday, April 23rd. Finally, GMP Securities decreased their target price on Cardinal Energy from C$4.50 to C$4.00 in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cardinal Energy presently has an average rating of “Buy” and a consensus target price of C$3.77.
The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 32.22. The company has a market cap of $242.49 million and a PE ratio of 3.30. The firm has a 50 day moving average of C$2.31 and a two-hundred day moving average of C$2.54.
About Cardinal Energy (TSE:CJ)
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 Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.
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