Cardinal Energy (TSE:CJ) had its price target decreased by equities research analysts at BMO Capital Markets from C$1.00 to C$0.75 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 41.51% from the stock’s current price.

A number of other research analysts also recently commented on CJ. Royal Bank of Canada reduced their price target on Cardinal Energy from C$3.25 to C$0.80 and set a “sector perform” rating for the company in a report on Monday, March 16th. Raymond James set a C$1.00 price target on Cardinal Energy and gave the company an “underperform” rating in a report on Thursday, March 19th. Scotiabank downgraded Cardinal Energy from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from C$3.25 to C$0.50 in a report on Wednesday, March 18th. Stifel Firstegy downgraded Cardinal Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, National Bank Financial set a C$0.50 price target on Cardinal Energy and gave the company an “underperform” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average target price of C$0.69.

Shares of TSE CJ opened at C$0.53 on Monday. Cardinal Energy has a 1-year low of C$0.30 and a 1-year high of C$2.91. The business has a 50-day moving average of C$0.55 and a 200-day moving average of C$1.38. The company has a debt-to-equity ratio of 86.39, a current ratio of 0.38 and a quick ratio of 0.26. The company has a market capitalization of $63.48 million and a price-to-earnings ratio of -0.13.

Cardinal Energy (TSE:CJ) last issued its earnings results on Thursday, May 7th. The company reported C($0.95) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.90). The firm had revenue of C$63.47 million during the quarter. Research analysts expect that Cardinal Energy will post -0.44 EPS for the current fiscal year.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Cardinal Energy (TSE:CJ)

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