Cardinal Energy (CRLFF) Projected to Post Earnings on Thursday

Cardinal Energy (OTCMKTS:CRLFF) is anticipated to post its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.2318 per share and revenue of $148.94 million for the quarter.

Cardinal Energy Price Performance

Cardinal Energy stock opened at $8.74 on Tuesday. Cardinal Energy has a 52 week low of $5.56 and a 52 week high of $9.78. The company’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $8.14.

Analysts Set New Price Targets

A number of analysts recently commented on CRLFF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Cardinal Energy in a research report on Friday, October 9th. Royal Bank Of Canada cut Cardinal Energy from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 13th. Finally, Raymond James Financial raised Cardinal Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Cardinal Energy Company Profile

Cardinal Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses primarily on the development and production of conventional crude oil, with natural gas and natural gas liquids produced as associated products.

Cardinal’s operations are concentrated in Western Canada, particularly in Alberta. Its asset portfolio includes light-oil and heavy-oil properties, supported by infrastructure and producing fields in several regions of the province.