Shares of Cardinal Energy Ltd (TSE:CJ) have received an average recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$9.68.

Several research analysts have commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Cardinal Energy in a research note on Tuesday, April 18th. Royal Bank Of Canada cut their target price on Cardinal Energy from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 14th. Scotiabank cut their target price on Cardinal Energy from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Tuesday, March 14th. Nomura assumed coverage on Cardinal Energy in a research note on Thursday, April 20th. They issued a “buy” rating for the company. Finally, TD Securities restated a “buy” rating and issued a C$10.50 target price on shares of Cardinal Energy in a research note on Tuesday, March 14th.

Cardinal Energy (CJ) traded down 0.44% on Tuesday, reaching $4.51. The company had a trading volume of 230,775 shares. Cardinal Energy has a 12-month low of $4.22 and a 12-month high of $10.81. The stock’s market capitalization is $357.53 million. The stock’s 50-day moving average price is $5.42 and its 200-day moving average price is $7.51.

The firm also recently declared a monthly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 15th were issued a $0.035 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $0.42 annualized dividend and a dividend yield of 9.27%.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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