Is Cardinal Energy Ltd a Sell? The Stock Declines Again

 Is Cardinal Energy Ltd a Sell? The Stock Declines Again

The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 88,056 shares traded hands. Cardinal Energy Ltd (TSE:CJ) has risen 6.18% since April 7, 2016 and is uptrending. It has outperformed by 0.04% the S&P500.
The move comes after 9 months negative chart setup for the $618.18M company. It was reported on Nov, 11 by Barchart.com. We have $7.96 PT which if reached, will make TSE:CJ worth $43.27M less.

Cardinal Energy Ltd (TSE:CJ) Ratings Coverage

Out of 4 analysts covering Cardinal Energy (TSE:CJ), 4 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 $12.36 average target is 44.39% above today’s ($8.56) stock price. Cardinal Energy has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Cardinal Energy Ltd (TSE:CJ) has “Neutral” rating given on Tuesday, January 12 by Dundee Securities. The stock of Cardinal Energy Ltd (TSE:CJ) earned “Buy” rating by TD Securities on Wednesday, November 9. The stock has “Outperform” rating given by Scotia Capital on Tuesday, November 8. The firm has “Outperform” rating given on Tuesday, November 8 by RBC Capital Markets.

More notable recent Cardinal Energy Ltd (TSE:CJ) news were published by: Marketwired.com which released: “Cardinal Energy Ltd. Confirms Monthly Dividend for November” on November 10, 2016, also Marketwired.com with their article: “Cardinal Energy Ltd. Announces Third Quarter Results” published on November 08, 2016, Marketwired.com 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: Marketwired.com and their article: “Cardinal Energy Ltd. Announces Second Quarter Results” published on August 02, 2016 as well as Marketwired.com‘s news article titled: “Cardinal Energy Ltd. Announces $50 Million Bought Deal Financing” with publication date: May 25, 2016.

Cardinal Energy Ltd. is a Canada-based oil-focused company. The company has a market cap of $618.18 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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