Cardinal Energy (TSE:CJ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Cardinal Energy (TSE:CJ) had its price objective increased by BMO Capital Markets from C$7.00 to C$7.50 in a report released on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 10.46% from the company’s previous close.

Several other research analysts also recently weighed in on CJ. Royal Bank of Canada dropped their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a research report on Tuesday, September 17th. CIBC decreased their price objective on shares of Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.

Cardinal Energy Price Performance

Shares of TSE:CJ opened at C$6.79 on Tuesday. The company has a market capitalization of C$1.08 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a fifty day moving average of C$6.48 and a 200-day moving average of C$6.60. Cardinal Energy has a one year low of C$5.98 and a one year high of C$7.38.

Insider Buying and Selling

In other Cardinal Energy news, Director John Festival purchased 50,050 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of C$6.20 per share, for a total transaction of C$310,310.00. Also, Director M. Scott Ratushny acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of C$6.12 per share, with a total value of C$61,160.00. Over the last three months, insiders purchased 137,650 shares of company stock worth $852,718. 23.38% of the stock is owned by company insiders.

About Cardinal Energy

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.