Cardinal Energy Ltd (TSE:CJ) has received an average recommendation of “Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$7.64.

Several analysts have weighed in on CJ shares. Scotiabank cut their price objective on Cardinal Energy from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a C$6.75 price objective on shares of Cardinal Energy in a research report on Tuesday, June 13th. TD Securities cut their price objective on Cardinal Energy from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, May 5th. BMO Capital Markets set a C$7.00 price objective on Cardinal Energy and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada cut their price objective on Cardinal Energy from C$11.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th.

In related news, Director John Albert Brussa purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of C$4.13 per share, with a total value of C$61,950.00. Also, Director Gregory Tisdale purchased 19,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of C$4.05 per share, for a total transaction of C$76,950.00. Over the last three months, insiders bought 64,000 shares of company stock worth $256,900.

Cardinal Energy (TSE:CJ) traded down 0.73% during trading on Wednesday, reaching $4.09. The company had a trading volume of 373,467 shares. The firm’s market capitalization is $451.17 million. Cardinal Energy has a 12-month low of $3.76 and a 12-month high of $10.81. The firm’s 50 day moving average price is $4.42 and its 200 day moving average price is $6.06.

The business also recently declared a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 10.19%.

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Cardinal Energy Company Profile

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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