Cardinal Energy (TSE:CJ) Stock Bumped Down to “Hold” by Royal Bank Of Canada

Cardinal Energy (TSE:CJ) was downgraded by Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat.com reports. They presently have a C$14.50 price target on the stock, up from their previous price target of C$14.00. Royal Bank Of Canada’s target price indicates a potential upside of 8.13% from the company’s current price.

Separately, Raymond James Financial upgraded shares of Cardinal Energy from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$12.00 to C$15.00 in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cardinal Energy currently has a consensus rating of “Buy” and an average price target of C$13.38.

Cardinal Energy Stock Performance

Shares of CJ stock opened at C$13.41 on Tuesday. The firm has a 50 day moving average of C$12.02 and a 200-day moving average of C$11.67. The company has a market cap of C$2.36 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of -0.26 and a beta of 0.24. The company has a quick ratio of 0.67, a current ratio of 0.63 and a debt-to-equity ratio of 13.97. Cardinal Energy has a 52 week low of C$7.52 and a 52 week high of C$13.47.

Cardinal Energy (TSE:CJ) last released its earnings results on Tuesday, July 28th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$193.44 million for the quarter. Cardinal Energy had a net margin of 10.69% and a return on equity of 6.96%. On average, equities analysts forecast that Cardinal Energy will post 0.63 earnings per share 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.