Cardinal Energy (TSE:CJ) PT Lowered to C$4.00

Cardinal Energy (TSE:CJ) had its price target dropped by stock analysts at Raymond James from C$4.25 to C$4.00 in a research report issued on Thursday, BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 65.98% from the stock’s previous close.

Several other equities analysts also recently commented on CJ. National Bank Financial lowered their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. CIBC lowered their price objective on shares of WestJet Airlines from C$22.00 to C$21.00 in a research note on Tuesday, April 23rd. TD Securities downgraded shares of Superior Gold from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$1.15 to C$0.80 in a research note on Thursday, March 21st. GMP Securities restated a “buy” rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, Cormark lowered their price objective on shares of Prairie Provident Resources from C$0.45 to C$0.40 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cardinal Energy presently has an average rating of “Buy” and an average price target of C$3.74.

Shares of CJ stock opened at C$2.41 on Thursday. Cardinal Energy has a 12 month low of C$1.80 and a 12 month high of C$5.68. The company has a debt-to-equity ratio of 33.17, a quick ratio of 0.67 and a current ratio of 0.68. The company’s 50 day moving average is C$2.44. The firm has a market capitalization of $276.38 million and a P/E ratio of 4.90.

Cardinal Energy (TSE:CJ) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.14) EPS for the quarter. The business had revenue of C$94.05 million during the quarter. On average, sell-side analysts expect that Cardinal Energy will post 0.08 earnings per share for the current fiscal year.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Cardinal Energy (TSE:CJ)

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