Cardinal Energy (TSE:CJ) Given New C$7.50 Price Target at BMO Capital Markets

Cardinal Energy (TSE:CJ) had its target price decreased by analysts at BMO Capital Markets from C$8.00 to C$7.50 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 10.95% from the stock’s current price.

Separately, CIBC upped their target price on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$8.40.

Cardinal Energy Stock Down 0.4 %

TSE:CJ traded down C$0.03 on Wednesday, reaching C$6.76. 294,145 shares of the stock traded hands, compared to its average volume of 584,361. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 10.43, a PEG ratio of -0.26 and a beta of 2.96. The company has a current ratio of 0.62, a quick ratio of 0.67 and a debt-to-equity ratio of 10.18. Cardinal Energy has a 12 month low of C$5.75 and a 12 month high of C$7.96. The company’s fifty day simple moving average is C$6.86 and its 200 day simple moving average is C$6.70.

Cardinal Energy (TSE:CJ) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.04). Cardinal Energy had a net margin of 21.40% and a return on equity of 11.47%. The company had revenue of C$140.23 million for the quarter, compared to analysts’ expectations of C$143.40 million. Equities analysts predict that Cardinal Energy will post 0.6995885 EPS for the current fiscal year.

Insider Activity

In other Cardinal Energy news, Director John Albert Brussa bought 27,000 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were acquired at an average price of C$6.99 per share, with a total value of C$188,670.60. In other Cardinal Energy news, Senior Officer David Kelly sold 6,700 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$6.61, for a total transaction of C$44,287.00. Also, Director John Albert Brussa bought 27,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were purchased at an average cost of C$6.99 per share, with a total value of C$188,670.60. Insiders own 23.39% 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.