Cardinal Energy (TSE:CJ – Get Free Report) had its target price hoisted by investment analysts at CIBC from C$8.00 to C$8.50 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 17.89% from the company’s previous close.
Several other equities analysts also recently commented on the company. ATB Capital dropped their price objective on Cardinal Energy from C$9.50 to C$8.50 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Raymond James lowered their target price on shares of Cardinal Energy from C$9.00 to C$8.50 and set a “market perform” rating on the stock in a report on Friday, January 19th.
Get Our Latest Stock Report on CJ
Cardinal Energy Price Performance
Cardinal Energy (TSE:CJ – Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.07). Cardinal Energy had a net margin of 21.53% and a return on equity of 11.22%. The firm had revenue of C$148.04 million during the quarter, compared to analysts’ expectations of C$147.60 million. On average, equities analysts anticipate that Cardinal Energy will post 0.795302 EPS for the current year.
Insider Transactions at Cardinal Energy
In other news, Senior Officer David Kelly sold 7,100 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total value of C$50,214.75. In related news, Senior Officer David Kelly sold 7,100 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.07, for a total value of C$50,214.75. Also, Director John Albert Brussa bought 27,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was bought at an average price of C$6.99 per share, with a total value of C$188,670.60. Insiders own 24.00% of the company’s stock.
Cardinal Energy Company Profile
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.
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