Cardinal Energy (TSE:CJ) Given New C$7.50 Price Target at BMO Capital Markets

Cardinal Energy (TSE:CJ) had its target price cut by analysts at BMO Capital Markets from C$8.00 to C$7.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 10.95% from the stock’s previous close.

Separately, CIBC upped their price objective on Cardinal Energy from C$8.00 to C$8.50 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$8.40.

Cardinal Energy Stock Performance

Shares of Cardinal Energy stock traded down C$0.03 during trading on Wednesday, reaching C$6.76. The company’s stock had a trading volume of 294,145 shares, compared to its average volume of 584,361. Cardinal Energy has a one year low of C$5.75 and a one year high of C$7.96. The company has a debt-to-equity ratio of 10.18, a quick ratio of 0.67 and a current ratio of 0.62. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of -0.26 and a beta of 2.96. The business’s fifty day moving average price is C$6.86 and its 200-day moving average price is C$6.70.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, May 9th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.04). The business had revenue of C$140.23 million during the quarter, compared to analyst estimates of C$143.40 million. Cardinal Energy had a return on equity of 11.47% and a net margin of 21.40%. As a group, equities research analysts predict that Cardinal Energy will post 0.6995885 earnings per share for the current year.

Insider Transactions at Cardinal Energy

In related news, Senior Officer David Kelly sold 7,100 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total value of C$50,214.75. In other Cardinal Energy news, Senior Officer David Kelly sold 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total transaction of C$50,214.75. Also, Director John Albert Brussa acquired 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of C$6.99 per share, for a total transaction of C$188,670.60. Company insiders own 23.39% of the company’s stock.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, 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.