Cardinal Energy Ltd (TSE:CJ) insider Douglas Kevin Smith bought 10,000 shares of Cardinal Energy stock in a transaction that occurred on Thursday, March 16th. The shares were bought at an average cost of C$7.08 per share, with a total value of C$70,800.00.

Cardinal Energy Ltd (TSE:CJ) traded down 0.88% during mid-day trading on Monday, reaching $6.79. 263,751 shares of the company’s stock were exchanged. The company has a 50-day moving average of $8.19 and a 200-day moving average of $8.95. Cardinal Energy Ltd has a 52-week low of $6.74 and a 52-week high of $10.92. The stock’s market cap is $494.29 million.

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Several analysts recently commented on CJ shares. TD Securities reduced their target price on shares of Cardinal Energy from C$12.00 to C$10.50 and set a “buy” rating for the company in a report on Wednesday, January 25th. BMO Capital Markets lifted their target price on shares of Cardinal Energy from C$12.00 to C$13.00 in a report on Wednesday, December 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$12.00 target price on shares of Cardinal Energy in a report on Wednesday, January 25th. Scotiabank reaffirmed an “outperform” rating and set a C$12.00 target price on shares of Cardinal Energy in a report on Wednesday, January 25th. Finally, Clarus Securities reissued a “buy” rating on shares of Cardinal Energy in a report on Wednesday, January 25th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$11.00.

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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