Cardinal Energy Ltd Stock Is Rising Now

 Cardinal Energy Ltd Stock Is Rising Now

The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 43,232 shares traded hands. Cardinal Energy Ltd (TSE:CJ) has declined 1.68% since April 11, 2016 and is downtrending. It has underperformed by 5.60% the S&P500.
The move comes after 7 months positive chart setup for the $676.07 million company. It was reported on Nov, 15 by Barchart.com. We have $13.12 PT which if reached, will make TSE:CJ worth $297.47 million more.

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 35.68% above today’s ($9.11) stock price. Cardinal Energy has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Dundee Securities on Tuesday, January 12 to “Neutral”. TD Securities maintained the shares of CJ in a report on Wednesday, November 9 with “Buy” rating. The rating was maintained by Scotia Capital on Tuesday, November 8 with “Outperform”. The firm earned “Outperform” rating on Tuesday, November 8 by RBC Capital Markets.

More important 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 published article titled: “Cardinal Energy Ltd. Announces Second Quarter Results”, Marketwired.com published: “Cardinal Energy Ltd. Announces $50 Million Bought Deal Financing” on May 25, 2016. More interesting news about Cardinal Energy Ltd (TSE:CJ) was released by: Marketwired.com and their article: “Cardinal Energy Ltd. Announces Closing of Light Oil Acquisition” with publication date: October 30, 2015.

Cardinal Energy Ltd. is a Canada-based oil-focused company. The company has a market cap of $676.07 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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