Cardinal Energy (TSE:CJ) had its price target boosted by stock analysts at National Bank Financial from C$7.00 to C$7.25 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 48.87% from the company’s previous close.

A number of other brokerages have also recently issued reports on CJ. Raymond James Financial increased their target price on shares of Cardinal Energy from C$5.00 to C$5.50 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. TD Securities increased their target price on shares of Cardinal Energy from C$5.50 to C$6.50 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$7.61.

Cardinal Energy (CJ) opened at C$4.87 on Tuesday. Cardinal Energy has a one year low of C$3.76 and a one year high of C$9.91. The stock has a market cap of $546.43, a price-to-earnings ratio of -11.33 and a beta of 1.56.

In related news, Director John Albert Brussa acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of C$4.71 per share, with a total value of C$47,100.00. Also, insider Tim Hyde sold 33,000 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of C$4.31, for a total transaction of C$142,230.00. Insiders have purchased a total of 20,000 shares of company stock valued at $88,950 in the last quarter.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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