Canaccord Genuity Maintains a Buy Rating on Cardinal Energy (CJ)


In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Cardinal Energy (CJ). The company received a Buy rating from Canaccord Genuity’s analyst Sam Roach, with a C$4.25 price target.

According to TipRanks.com, Roach is ranked #4748 out of 5127 analysts.

Currently, the analyst consensus on Cardinal Energy is a Moderate Buy with an average price target of C$5.45.

Cardinal Energy’s market cap is currently C$302.9M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.42.

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 Thursday at C$2.67, close to its 52-week low of C$2.50.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts