Analysis: Cardinal Energy (TSE:CJ) Stock Target Increased Today
In a note announced by National Bank Financial on Thursday morning, the firm, Cardinal Energy (TSE:CJ), had their target price per share lowered to $14.00. Analusts presently have a solid “Outperform” rating on the stock.
From a total of 12 analysts covering Cardinal Energy (TSE:CJ) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $13.09 while the lowest target price is $8.97. The mean of all analyst targets is $11.39 with a 65.69% above today’s ($9.91) stock price. Cardinal Energy was the topic of 3 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc.
Approximately 306,851 shares of stock traded hands or 24.90% up from the average. Cardinal Energy Ltd (TSE:CJ) has declined 38.64% since April 30, 2015 and is downtrending. It has underperformed by 38.35% the S&P500.
Cardinal Energy Ltd. is a junior oil focused company. The company has a market cap of $644.04 million. The Company’s Chauvin is located approximately 65 kilometers east of Wainwright, Alberta. It currently has negative earnings. The Company’s Loverna is located approximately 80 kilometers west of Kerrobert, Saskatchewan, straddling the Alberta and Saskatchewan border.