Cardinal Energy (TSE:CJ) Price Target Raised to C$7.50

Cardinal Energy (TSE:CJ) had its price target raised by BMO Capital Markets from C$7.00 to C$7.50 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 9.33% from the company’s current price.

CJ has been the subject of a number of other research reports. CIBC lowered their target price on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th. Royal Bank of Canada reduced their price objective on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th.

Cardinal Energy Stock Performance

Shares of Cardinal Energy stock traded up C$0.11 during trading on Tuesday, reaching C$6.86. The company’s stock had a trading volume of 519,140 shares, compared to its average volume of 701,169. Cardinal Energy has a 52 week low of C$5.98 and a 52 week high of C$7.38. The firm has a market cap of C$1.09 billion, a PE ratio of 9.40, a P/E/G ratio of -0.26 and a beta of 2.81. The business’s 50-day moving average price is C$6.47 and its 200-day moving average price is C$6.60. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 9.04.

Insider Transactions at Cardinal Energy

In related news, Director John Festival acquired 75,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of C$6.20 per share, for a total transaction of C$465,000.00. Also, Director M. Scott Ratushny purchased 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was purchased at an average cost of C$6.12 per share, for a total transaction of C$61,160.00. Insiders acquired a total of 137,650 shares of company stock valued at $852,718 over the last 90 days. Company insiders own 23.38% of the company’s stock.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.