Cardinal Energy (TSE:CJ) Sets New 12-Month High – Still a Buy?

Cardinal Energy Ltd. (TSE:CJ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$9.47 and last traded at C$9.42, with a volume of 1506797 shares traded. The stock had previously closed at C$9.11.

Wall Street Analysts Forecast Growth

CJ has been the topic of a number of recent research reports. CIBC cut their target price on Cardinal Energy from C$8.25 to C$7.75 in a research note on Tuesday, January 13th. Royal Bank Of Canada lifted their price objective on shares of Cardinal Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cardinal Energy has an average rating of “Moderate Buy” and an average target price of C$8.13.

Cardinal Energy Stock Up 3.4%

The company has a market cap of C$1.52 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of -0.26 and a beta of 0.46. The stock has a 50-day simple moving average of C$8.79 and a 200-day simple moving average of C$8.11. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05.

Cardinal Energy (TSE:CJ) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.09 EPS for the quarter. The company had revenue of C$104.82 million for the quarter. Cardinal Energy had a return on equity of 11.24% and a net margin of 19.57%. As a group, analysts predict that Cardinal Energy Ltd. will post 0.625118 EPS for the current year.

About Cardinal Energy

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.