Cardinal Energy (TSE:CJ) Price Target Cut to C$7.75 by Analysts at CIBC

Cardinal Energy (TSE:CJ) had its price target decreased by stock analysts at CIBC from C$8.25 to C$7.75 in a report released on Tuesday,BayStreet.CA reports. CIBC’s price objective suggests a potential downside of 12.23% from the company’s current price.

CJ has been the topic of a number of other research reports. Royal Bank Of Canada raised their target price on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Raymond James Financial upgraded Cardinal Energy to a “hold” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$7.92.

Cardinal Energy Trading Up 3.0%

Shares of Cardinal Energy stock traded up C$0.26 during trading hours on Tuesday, reaching C$8.83. The stock had a trading volume of 735,356 shares, compared to its average volume of 705,261. The firm has a market capitalization of C$1.42 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of -0.26 and a beta of 0.42. Cardinal Energy has a 1 year low of C$4.64 and a 1 year high of C$9.46. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The firm has a 50 day simple moving average of C$8.72 and a two-hundred day simple moving average of C$7.88.

Cardinal Energy (TSE:CJ) last posted its earnings results on Thursday, November 6th. The company reported C$0.09 earnings per share (EPS) for the quarter. Cardinal Energy had a net margin of 19.57% and a return on equity of 11.24%. The firm had revenue of C$104.82 million during the quarter. As a group, equities research analysts anticipate that Cardinal Energy will post 0.625118 earnings per share for the current year.

Insider Transactions at Cardinal Energy

In other Cardinal Energy news, insider David Kelly sold 41,430 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of C$7.91, for a total value of C$327,711.30. Following the transaction, the insider directly owned 122,624 shares of the company’s stock, valued at C$969,955.84. This represents a 25.25% decrease in their position. 23.38% of the stock is owned by corporate insiders.

Cardinal Energy Company Profile

Cardinal Energy Ltd is an oil-focused Canadian company. The company’s principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.