Cardinal Energy (TSE:CJ) Upgraded at Raymond James Financial

Cardinal Energy (TSE:CJ) was upgraded by stock analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, BayStreet reports. The brokerage currently has a C$15.00 price target on the stock, up from their prior price target of C$12.00. Raymond James Financial’s price objective indicates a potential upside of 20.29% from the stock’s previous close.

Separately, Royal Bank Of Canada dropped their price target on Cardinal Energy from C$14.00 to C$13.50 in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, Cardinal Energy has a consensus rating of “Buy” and a consensus target price of C$13.12.

Cardinal Energy Stock Down 1.3%

CJ stock traded down C$0.16 during trading on Wednesday, reaching C$12.47. The stock had a trading volume of 888,190 shares, compared to its average volume of 1,228,781. The company has a quick ratio of 0.67, a current ratio of 0.63 and a debt-to-equity ratio of 13.97. The company has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of -0.26 and a beta of 0.19. Cardinal Energy has a one year low of C$7.52 and a one year high of C$13.38. The company’s 50 day moving average is C$11.52 and its two-hundred day moving average is C$11.39.

Cardinal Energy (TSE:CJ) last announced its earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$193.44 million for the quarter. Cardinal Energy had a return on equity of 6.96% and a net margin of 10.69%. Equities research analysts forecast that Cardinal Energy will post 0.625118 EPS for the current year.

Cardinal Energy Company Profile

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.