Cardinal Energy (TSE:CJ) had its price objective boosted by stock analysts at National Bank Financial from C$7.00 to C$7.25 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 48.87% from the stock’s current price.
Several other analysts also recently issued reports on CJ. TD Securities upped their price objective on shares of Cardinal Energy from C$5.50 to C$6.50 and gave the stock a “buy” rating in a report on Thursday, November 9th. Raymond James Financial upped their price objective on shares of Cardinal Energy from C$5.00 to C$5.50 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$7.61.
Shares of Cardinal Energy (TSE:CJ) opened at C$4.87 on Tuesday. The company has a market cap of $546.43, a P/E ratio of -11.33 and a beta of 1.56. Cardinal Energy has a 1 year low of C$3.76 and a 1 year high of C$9.91.
In related news, Director John Albert Brussa bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of C$4.71 per share, for a total transaction of C$47,100.00. Also, insider Tim Hyde sold 33,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of C$4.31, for a total transaction of C$142,230.00. Over the last quarter, insiders have purchased 20,000 shares of company stock valued at $88,950.
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About Cardinal Energy
Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.
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