Shares of Cardinal Energy Ltd (TSE:CJ) have received a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$3.94.
Several brokerages have recently commented on CJ. BMO Capital Markets raised their price objective on shares of Cardinal Energy from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James restated a “market perform” rating and set a C$4.25 price objective on shares of Cardinal Energy in a research report on Monday. GMP Securities raised their price objective on shares of Cardinal Energy from C$4.00 to C$4.50 in a research report on Monday. TD Securities restated an “outperform” rating and set a C$3.00 price objective on shares of Cardinal Energy in a research report on Thursday, March 21st. Finally, Royal Bank of Canada decreased their price objective on shares of Cardinal Energy from C$7.00 to C$5.00 in a research report on Tuesday, January 8th.
CJ opened at C$3.40 on Friday. The company has a debt-to-equity ratio of 32.75, a quick ratio of 0.64 and a current ratio of 1.06. Cardinal Energy has a 1-year low of C$1.80 and a 1-year high of C$5.89. The company has a market capitalization of $395.07 million and a price-to-earnings ratio of 6.54.
About Cardinal Energy
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 Wainwright, Bantry, Mitsue, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.
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