Cardinal Energy (TSX: CJ), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. RBC Capital’s analyst Shailender Randhawa reiterates their Buy rating on the shares, with a C$8 price target.
According to TipRanks.com, Randhawa is ranked #3797 out of 4879 analysts.
Cardinal Energy has an analyst consensus of Strong Buy, with a price target consensus of C$6.94.
Cardinal Energy’s market cap is currently C$576.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.82.
Cardinal Energy Ltd. engages in the exploration, development, and production of oil and natural gas. Its projects include slave lake, wainwright and bantry. The company was founded on December 21, 2010 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$5.05.
