Cardinal Energy (TSE:CJ) Target Raised
In a note revealed to clients by RBC Capital Markets on 14 March, Cardinal Energy (TSE:CJ) had its TP downgraded to $11.00. The firm presently has “Outperform” rating on the stock.
The target decrease is noticed by equity trades, as TSE:CJ is currently trading -6.82% lower at $7.03 as of 7:59 AM New York time. Cardinal Energy’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has gained 13.53% over the same time period.
According to data compiled by Thomson Reuters, Cardinal Energy (TSE:CJ)’s stock is covered by 12 equity analysts across the Street, with 0 analysts giving it a Sell rating, 12 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $9.17, which reflects an upside potential of 30.44% over the current price.
Cardinal Energy (TSE:CJ) 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.
Cardinal Energy (TSE:CJ) traded down -6.82% on 14 March, hitting $7.03. A total of 1.46M shares of the company’s stock traded hands. This is up from average of 434,105 shares. Cardinal Energy has a 52 week low of $6.82 and a 52 week high of $10.92. The company has a market cap of $519.45M and a P/E ratio of 0.
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