Cardinal Energy (CJ) Price Target Raised to C$7.25 at National Bank Financial

Cardinal Energy (TSE:CJ) had its price objective boosted by National Bank Financial from C$7.00 to C$7.25 in a research note published on Tuesday. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on CJ. Raymond James Financial upped their price objective on shares of Cardinal Energy from C$5.00 to C$5.50 and gave the stock a market perform rating in a research report on Wednesday, November 8th. TD Securities upped their price objective on shares of Cardinal Energy from C$5.50 to C$6.50 and gave the stock a buy rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$7.61.

Cardinal Energy (TSE CJ) traded down C$0.06 during mid-day trading on Tuesday, reaching C$4.87. 908,444 shares of the company were exchanged, compared to its average volume of 945,255. The firm has a market cap of $546.43, a PE ratio of -11.33 and a beta of 1.56. Cardinal Energy has a twelve month low of C$3.76 and a twelve month high of C$9.91.

The firm also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Thursday, December 28th. Cardinal Energy’s payout ratio is -97.67%.

In other Cardinal Energy news, insider Tim Hyde sold 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of C$4.31, for a total transaction of C$142,230.00. Also, Director John Albert Brussa bought 10,000 shares of Cardinal Energy stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average cost of C$4.71 per share, for a total transaction of C$47,100.00. Insiders have acquired a total of 20,000 shares of company stock worth $88,950 over the last three months.

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Cardinal Energy Company Profile

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

Analyst Recommendations for Cardinal Energy (TSE:CJ)

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