Cardinal Energy Ltd (CJ) Receives C$3.88 Average Price Target from Brokerages

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Shares of Cardinal Energy Ltd (TSE:CJ) have earned a consensus recommendation of “Buy” from the nine analysts that are covering the firm, reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$3.91.

CJ has been the topic of a number of recent research reports. GMP Securities decreased their target price on Cardinal Energy from C$4.75 to C$4.25 in a report on Thursday, December 13th. CIBC decreased their target price on Cardinal Energy from C$4.50 to C$3.25 in a report on Friday, February 1st. Canaccord Genuity decreased their target price on Cardinal Energy from C$4.25 to C$2.70 in a report on Thursday, January 10th. Royal Bank of Canada decreased their target price on Cardinal Energy from C$7.00 to C$5.00 in a report on Tuesday, January 8th. Finally, Cormark decreased their target price on Cardinal Energy from C$6.00 to C$5.50 in a report on Monday, December 10th.

Shares of TSE CJ traded down C$0.04 during midday trading on Wednesday, hitting C$2.58. 711,592 shares of the stock traded hands, compared to its average volume of 597,707. The stock has a market capitalization of $303.27 million and a price-to-earnings ratio of -3.72. The company has a debt-to-equity ratio of 32.50, a current ratio of 0.47 and a quick ratio of 0.45. Cardinal Energy has a one year low of C$1.80 and a one year high of C$5.89.

The firm also recently declared a monthly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were paid a $0.01 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $0.12 dividend on an annualized basis and a yield of 4.65%. Cardinal Energy’s payout ratio is presently -57.00%.

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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Analyst Recommendations for Cardinal Energy (TSE:CJ)

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