Cardinal Energy Ltd (CJ) Price Target Cut to C$8.00
A number of other equities analysts have also commented on CJ. BMO Capital Markets initiated coverage on shares of Cardinal Energy in a research report on Wednesday, April 12th. They set an outperform rating on the stock. Instinet reiterated a buy rating on shares of Cardinal Energy in a research note on Thursday, April 20th. Nomura initiated coverage on shares of Cardinal Energy in a research note on Thursday, April 20th. They set a buy rating on the stock. National Bank Financial reduced their price objective on shares of Cardinal Energy from C$9.00 to C$8.00 and set an outperform rating on the stock in a research note on Friday, May 5th. Finally, Scotiabank reduced their price objective on shares of Cardinal Energy from C$11.00 to C$10.00 and set an outperform rating on the stock in a research note on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Cardinal Energy currently has an average rating of Buy and a consensus target price of C$8.97.
Cardinal Energy (CJ) opened at 4.65 on Friday. Cardinal Energy has a 52-week low of $4.22 and a 52-week high of $10.81. The firm has a 50-day moving average of $4.71 and a 200-day moving average of $6.76. The firm’s market capitalization is $368.62 million.
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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.035 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.42 dividend on an annualized basis and a yield of 9.03%.
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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