Does Cardinal Energy Ltd Have Any Gas After Today’s Huge Decline?

 Does Cardinal Energy Ltd Have Any Gas After Today's Huge Decline?

The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 350,120 shares traded hands. Cardinal Energy Ltd (TSE:CJ) has risen 10.62% since March 10, 2016 and is uptrending. It has outperformed by 5.01% the S&P500.
The move comes after 5 months negative chart setup for the $672.18 million company. It was reported on Oct, 17 by We have $8.41 PT which if reached, will make TSE:CJ worth $60.50 million less.

Cardinal Energy Ltd (TSE:CJ) Ratings Coverage

Out of 2 analysts covering Cardinal Energy (TSE:CJ), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $17 is the highest target while $7 is the lowest. The $12.60 average target is 36.36% above today’s ($9.24) stock price. Cardinal Energy has been the topic of 8 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, January 12 by Dundee Securities.

More notable recent Cardinal Energy Ltd (TSE:CJ) news were published by: which released: “Cardinal Energy Ltd. Announces Second Quarter Results” on August 02, 2016, also with their article: “Cardinal Energy Ltd. Announces Closing of Light Oil Acquisition” published on October 30, 2015, published: “Cardinal Energy Ltd. Confirms Monthly Dividend for September” on July 11, 2016. More interesting news about Cardinal Energy Ltd (TSE:CJ) were released by: and their article: “Cardinal Energy: Technology To The Rescue” published on August 15, 2016 as well as‘s news article titled: “Cardinal Energy Ltd. Announces Light Oil Acquisition” with publication date: February 17, 2015.

Cardinal Energy Ltd. is a Canada-based oil-focused company. The company has a market cap of $672.18 million. The Firm is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. It currently has negative earnings. The Company’s Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta.

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