The stock of Cardinal Energy Ltd (TSE:CJ) is a huge mover today! About 133,518 shares traded hands. Cardinal Energy Ltd (TSE:CJ) has declined 8.38% since April 26, 2016 and is downtrending. It has underperformed by 13.61% the S&P500.
The move comes after 7 months positive chart setup for the $641.97 million company. It was reported on Nov, 30 by Barchart.com. We have $10.03 PT which if reached, will make TSE:CJ worth $51.36 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 33.05% above today’s ($9.29) stock price. Cardinal Energy has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Buy” rating and $11.50 target price in Wednesday, November 9 report. The rating was downgraded by Dundee Securities on Tuesday, January 12 to “Neutral”. On Tuesday, November 8 the stock rating was maintained by Scotia Capital with “Outperform”. RBC Capital Markets maintained it with “Outperform” rating and $12 target price in Tuesday, November 8 report.
More 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 the news titled: “Cardinal Energy Ltd. Announces Second Quarter Results” on August 02, 2016. Marketwired.com‘s news article titled: “Cardinal Energy Ltd. Announces $50 Million Bought Deal Financing” with publication date: May 25, 2016 was also an interesting one.
Cardinal Energy Ltd. is a Canada-based oil-focused company. The company has a market cap of $641.97 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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