FirstEnergy Capital Increases Cardinal Energy Price Target to C$24.00 (CJ)
Equities research analysts at FirstEnergy Capital upped their price target on shares of Cardinal Energy (TSE:CJ) from C$21.00 to C$24.00 in a research note issued to investors on Friday. FirstEnergy Capital’s price target points to a potential upside of 25.00% from the company’s current price.
Cardinal Energy (TSE:CJ) traded down 0.77% on Friday, hitting $19.35. 56,405 shares of the company’s stock traded hands. 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 $18.68 and its 200-day moving average is $16.1. The company has a market cap of $731.5 million and a price-to-earnings ratio of 6.59.
Cardinal Energy (TSE:CJ) last announced its earnings results on Friday, August 15th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.05. On average, analysts predict that Cardinal Energy will post $0.48 earnings per share for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.0542 per share. The ex-dividend date is Wednesday, August 27th.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial initiated coverage on shares of Cardinal Energy in a research note on Monday. They set an “outperform” rating and a C$21.00 price target on the stock. Separately, analysts at CIBC raised their price target on shares of Cardinal Energy from C$19.00 to C$22.50 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Cardinal Energy from C$17.50 to C$19.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, Cardinal Energy has an average rating of “Buy” and a consensus target price of C$19.71.
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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