Cardinal Energy (TSE:CJ) Price Target Raised to C$9.50

Cardinal Energy (TSE:CJ) had its target price lifted by Raymond James Financial from C$9.00 to C$9.50 in a research report sent to investors on Thursday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Separately, Canadian Imperial Bank of Commerce dropped their target price on Cardinal Energy from C$8.25 to C$7.75 in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$10.00.

Cardinal Energy Trading Up 2.9%

Shares of Cardinal Energy stock opened at C$9.37 on Thursday. Cardinal Energy has a 52-week low of C$4.64 and a 52-week high of C$9.56. The firm has a market capitalization of C$1.51 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of -0.26 and a beta of 0.46. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. The company’s fifty day moving average price is C$8.81 and its two-hundred day moving average price is C$8.15.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, November 6th. The company reported C$0.09 earnings per share for the quarter. Cardinal Energy had a net margin of 19.57% and a return on equity of 11.24%. The business had revenue of C$104.82 million for the quarter. On average, analysts expect that Cardinal Energy will post 0.625118 EPS for the current year.

Key Stories Impacting Cardinal Energy

Here are the key news stories impacting Cardinal Energy this week:

• Positive Sentiment: CIBC upgraded Cardinal from “hold” to “strong‑buy” and set a C$11.00 price target (up from C$7.75), implying roughly mid‑teens upside from current levels — the most influential and recent upgrade driving buyer interest. BayStreet: CIBC upgrade Zacks: CIBC coverage
• Positive Sentiment: RBC raised its price target to C$9.50 and maintained an “outperform” view, a modest but supportive upgrade that helps validate the stock’s strength. BayStreet: RBC target raise
• Positive Sentiment: Raymond James raised its target to C$9.50 and kept a “market perform” rating, reinforcing consensus upgrades and reducing near‑term downside risk. BayStreet: Raymond James update
• Neutral Sentiment: Interactive market data and charting for Cardinal are available (useful for tracking intraday flows and technicals). Barron’s: Interactive Chart

Cardinal Energy Company Profile

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.