Cardinal Energy (CJ) Price Target Lowered to C$6.25 at GMP Securities

Cardinal Energy (TSE:CJ) had its price target decreased by investment analysts at GMP Securities from C$7.25 to C$6.25 in a report issued on Monday. GMP Securities’ price objective points to a potential upside of 72.18% from the company’s current price.

Several other equities research analysts have also recently weighed in on CJ. Canaccord Genuity upped their price objective on shares of Cardinal Energy from C$6.00 to C$6.50 in a research report on Tuesday, July 10th. Raymond James cut their price objective on shares of Cardinal Energy from C$6.00 to C$5.75 in a research report on Friday, October 5th. Finally, CIBC cut their price objective on shares of Cardinal Energy from C$7.00 to C$6.75 in a research report on Friday, October 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$6.44.

CJ traded up C$0.12 on Monday, hitting C$3.63. 463,588 shares of the stock were exchanged, compared to its average volume of 627,236. Cardinal Energy has a 12 month low of C$3.45 and a 12 month high of C$5.89.

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

About Cardinal Energy

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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