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Stock analysts at FirstEnergy Capital initiated coverage on shares of Cardinal Energy (TSE:CJ) in a report issued on Wednesday, Analyst RN reports. The firm set an “outperform” rating and a C$15.00 price target on the stock. FirstEnergy Capital’s target price points to a potential upside of 14.50% from the company’s current price.

Cardinal Energy (TSE:CJ) traded up 1.39% on Wednesday, hitting $13.10. 123,665 shares of the company’s stock traded hands. Cardinal Energy has a 52 week low of $11.10 and a 52 week high of $13.50. The stock has a 50-day moving average of $12.69 and a 200-day moving average of $12.69.

Cardinal Energy Ltd. is a junior oil focused company. The Company’s Chauvin is located approximately 65 kilometers east of Wainwright, Alberta.

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