What’s Ahead for Cardinal Energy Ltd After Today’s Huge Decline?

 What's Ahead for Cardinal Energy Ltd After Today's Huge Decline?

The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 65,793 shares traded hands. Cardinal Energy Ltd (TSE:CJ) has risen 3.14% since April 19, 2016 and is uptrending. It has underperformed by 2.19% the S&P500.
The move comes after 5 months negative chart setup for the $694.87M company. It was reported on Nov, 23 by Barchart.com. We have $9.19 PT which if reached, will make TSE:CJ worth $20.85M 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 30.52% above today’s ($9.47) stock price. Cardinal Energy has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, November 9, the company rating was maintained by TD Securities. The firm has “Outperform” rating by Scotia Capital given on Tuesday, November 8. On Tuesday, November 8 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Tuesday, January 12 the stock rating was downgraded by Dundee Securities to “Neutral”.

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 $694.87 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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