Cardinal Energy (TSE:CJ) PT Raised to C$9.00

Posted by on Oct 18th, 2023

Cardinal Energy (TSE:CJ – Get Free Report) had its price objective lifted by stock analysts at BMO Capital Markets from C$8.50 to C$9.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 16.43% from the stock’s previous close.

CJ has been the subject of several other reports. ATB Capital lowered their price objective on shares of Cardinal Energy from C$10.00 to C$9.50 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Raymond James boosted their price objective on shares of Cardinal Energy from C$8.00 to C$9.00 in a research report on Friday, September 8th.

Read Our Latest Research Report on CJ

Cardinal Energy Stock Up 3.1 %

TSE CJ opened at C$7.73 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 6.26. Cardinal Energy has a 1-year low of C$6.25 and a 1-year high of C$9.96. The company has a 50 day moving average of C$7.27 and a 200-day moving average of C$7.09. The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 6.44, a PEG ratio of -0.26 and a beta of 3.03.

Cardinal Energy (TSE:CJ – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The company reported C$0.17 earnings per share for the quarter. Cardinal Energy had a net margin of 38.94% and a return on equity of 21.58%. The company had revenue of C$137.05 million during the quarter. On average, equities research analysts expect that Cardinal Energy will post 0.9283066 earnings per share for the current fiscal year.

About Cardinal Energy

(Get Free Report)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.

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