Cardinal Energy (CJ) PT Raised to C$3.75
Cardinal Energy (TSE:CJ) had its price objective boosted by CIBC from C$3.25 to C$3.75 in a research note published on Tuesday, BayStreet.CA reports.
CJ has been the topic of a number of other reports. TD Securities cut Cardinal Energy from a buy rating to a hold rating and lowered their price objective for the company from C$4.75 to C$2.75 in a research report on Monday, January 7th. Canaccord Genuity lowered their price objective on Cardinal Energy from C$4.25 to C$2.70 in a research report on Thursday, January 10th. Royal Bank of Canada lowered their price objective on Cardinal Energy from C$7.00 to C$5.00 in a research report on Tuesday, January 8th. National Bank Financial cut Cardinal Energy from an outperform rating to a sector perform rating and lowered their price objective for the company from C$4.25 to C$3.25 in a research report on Friday, March 1st. Finally, Raymond James boosted their price objective on Cardinal Energy from C$3.75 to C$4.25 and gave the company a market perform rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$3.88.
CJ opened at C$3.48 on Tuesday. The company has a market cap of $398.56 million and a PE ratio of 6.69. The company has a current ratio of 1.06, a quick ratio of 0.64 and a debt-to-equity ratio of 32.75. Cardinal Energy has a 1 year low of C$1.80 and a 1 year high of C$5.89.
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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