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Investment analysts at CIBC boosted their target price on shares of Cardinal Energy (TSE:CJ) from C$19.00 to C$22.50 in a note issued to investors on Monday. CIBC’s price target indicates a potential upside of 19.43% from the stock’s previous close.

Shares of Cardinal Energy (TSE:CJ) traded up 0.16% on Monday, hitting $18.87. The stock had a trading volume of 57,280 shares. Cardinal Energy has a 52 week low of $11.10 and a 52 week high of $19.99. The stock’s 50-day moving average is $18.52 and its 200-day moving average is $15.92. The company has a market cap of $710.9 million and a price-to-earnings ratio of 6.36.

Cardinal Energy (TSE:CJ) last announced its earnings results on Friday, August 15th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.05. On average, analysts predict that Cardinal Energy will post $0.57 earnings per share for the current fiscal year.

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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