Cardinal Energy Price Target Raised to C$22.00 (CJ)
Research analysts at NBF upped their price target on shares of Cardinal Energy (TSE:CJ) from C$21.00 to C$22.00 in a report released on Monday. NBF’s target price would suggest a potential upside of 13.29% from the stock’s previous close.
Cardinal Energy (TSE:CJ) traded up 2.94% on Monday, hitting $19.99. The stock had a trading volume of 683,808 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 $18.72 and its 200-day moving average is $16.15. The company has a market cap of $755.7 million and a P/E ratio of 6.56.
Cardinal Energy (TSE:CJ) last posted its quarterly 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. Analysts expect that Cardinal Energy will post $0.46 EPS for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.0542 per share. The ex-dividend date is Wednesday, August 27th.
CJ has been the subject of a number of other recent research reports. Analysts at FirstEnergy Capital raised their price target on shares of Cardinal Energy from C$21.00 to C$24.00 in a research note on Friday. Separately, analysts at National Bank Financial initiated coverage on shares of Cardinal Energy in a research note on Monday, August 18th. They set an “outperform” rating and a C$21.00 price target on the stock. Finally, 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, August 18th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$20.29.
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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