Cardinal Energy (CJ) Given New C$5.25 Price Target at Raymond James

Cardinal Energy (TSE:CJ) had its price objective decreased by investment analysts at Raymond James from C$5.75 to C$5.25 in a research report issued on Friday. The firm currently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential upside of 49.57% from the company’s current price.

A number of other equities research analysts have also commented on the company. CIBC decreased their price target on Cardinal Energy from C$7.00 to C$6.75 in a research report on Friday, October 5th. Canaccord Genuity increased their price objective on Cardinal Energy from C$6.00 to C$6.50 in a research report on Tuesday, July 10th.

TSE CJ opened at C$3.51 on Friday. Cardinal Energy has a one year low of C$3.45 and a one year high of C$5.89.

Cardinal Energy (TSE:CJ) last released its quarterly earnings results on Thursday, August 2nd. The company reported C($0.17) EPS for the quarter. The company had revenue of C$111.85 million during the quarter.

Cardinal Energy Company Profile

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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