Cardinal Energy (TSE:CJ) PT Lowered to C$7.00 at Royal Bank of Canada

Cardinal Energy (TSE:CJ) had its target price lowered by equities researchers at Royal Bank of Canada from C$8.00 to C$7.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 9.03% from the stock’s current price.

A number of other research firms have also recently issued reports on CJ. CIBC increased their price target on Cardinal Energy from C$8.50 to C$8.75 in a report on Monday, July 15th. BMO Capital Markets lowered their target price on Cardinal Energy from C$8.00 to C$7.50 in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cardinal Energy has a consensus rating of “Hold” and an average price target of C$8.05.

Cardinal Energy Trading Down 0.3 %

CJ stock traded down C$0.02 during trading on Tuesday, hitting C$6.42. The company had a trading volume of 800,599 shares, compared to its average volume of 635,056. The business has a 50-day moving average of C$6.80 and a 200-day moving average of C$6.85. Cardinal Energy has a one year low of C$5.75 and a one year high of C$7.96. The stock has a market cap of C$1.02 billion, a PE ratio of 8.79, a PEG ratio of -0.26 and a beta of 2.84. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 9.04.

Cardinal Energy (TSE:CJ) last announced its earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.08). Cardinal Energy had a net margin of 22.78% and a return on equity of 12.73%. The company had revenue of C$169.35 million during the quarter, compared to the consensus estimate of C$164.70 million. Research analysts predict that Cardinal Energy will post 0.8844567 earnings per share for the current fiscal year.

About Cardinal Energy

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.