Cardinal Energy Price Target Raised to C$22.00 (CJ)
Research analysts at National Bank Financial upped their target price on shares of Cardinal Energy (TSE:CJ) from C$21.00 to C$22.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 10.55% from the stock’s previous close.
Cardinal Energy (TSE:CJ) traded down 0.10% on Tuesday, hitting $20.22. 80,229 shares of the company’s stock traded hands. Cardinal Energy has a 52-week low of $11.10 and a 52-week high of $20.32. The stock’s 50-day moving average is $18.78 and its 200-day moving average is $16.25. The company has a market cap of $764.4 million and a price-to-earnings ratio of 6.84.
Cardinal Energy (TSE:CJ) last posted its quarterly earnings results on Friday, August 15th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.05. On average, analysts predict that Cardinal Energy will post $0.46 earnings per share for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.0542 per share. The ex-dividend date of this dividend is Wednesday, August 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at NBF raised their price target on shares of Cardinal Energy from C$21.00 to C$22.00 in a research note on Monday. Separately, 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. 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 research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$20.43.
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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