Cardinal Energy (TSE:CJ - Get Free Report) had its price target hoisted by analysts at BMO Capital Markets from C$7.00 to C$7.50 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets' target price would indicate a potential upside of 10.13% from the stock's previous close.
Other equities research analysts have also recently issued research reports about the company. CIBC lowered their price target on Cardinal Energy from C$8.75 to C$8.00 in a report on Friday, November 8th. Royal Bank of Canada reduced their price objective on Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th.
Check Out Our Latest Stock Analysis on CJ
Cardinal Energy Price Performance
TSE CJ traded up C$0.06 during mid-day trading on Tuesday, hitting C$6.81. The stock had a trading volume of 779,715 shares, compared to its average volume of 732,389. The firm's 50 day moving average is C$6.48 and its 200 day moving average is C$6.60. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 9.33, a PEG ratio of -0.26 and a beta of 2.81. Cardinal Energy has a twelve month low of C$5.98 and a twelve month high of C$7.38.
Insider Buying and Selling
In other Cardinal Energy news, Director M. Scott Ratushny acquired 10,000 shares of Cardinal Energy stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of C$6.12 per share, with a total value of C$61,160.00. Also, Director John Festival purchased 75,000 shares of Cardinal Energy stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of C$6.20 per share, for a total transaction of C$465,000.00. Insiders have acquired a total of 137,650 shares of company stock worth $852,718 in the last three months. Insiders own 23.38% of the company's stock.
About Cardinal Energy
(
Get Free Report)
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.
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