Shares of Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) rose 2% on Tuesday. The company traded as high as $9.4480 and last traded at $9.4380. Approximately 163,404 shares traded hands during trading, a decline of 33% from the average session volume of 244,264 shares. The stock had previously closed at $9.25.
Analysts Set New Price Targets
Several analysts have commented on CRLFF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Cardinal Energy in a research report on Friday, October 9th. Raymond James Financial raised shares of Cardinal Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada lowered shares of Cardinal Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Energy has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Cardinal Energy
Cardinal Energy Stock Performance
The company has a 50-day moving average of $8.63 and a 200-day moving average of $8.38.
About Cardinal Energy
Cardinal Energy Ltd. is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on developing and producing conventional petroleum resources in Western Canada, with an emphasis on oil-weighted assets.
Cardinal’s operations include the exploration, development and production of crude oil, natural gas and natural gas liquids. Its asset base is located primarily in Alberta and Saskatchewan and includes established oil-producing properties supported by development drilling, enhanced recovery and infrastructure optimization.
Founded in 2012, Cardinal Energy has grown through the acquisition and development of producing properties in the Western Canadian Sedimentary Basin.
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