Cardinal Energy (CJ) Gets a Hold Rating from Raymond James


The Materials sector company, Cardinal Energy (TSX: CJ), has received a rating update from a Wall Street analyst today. Raymond James’ analyst Jeremy Mccrea reiterates their Hold rating on the shares, with a C$5.75 price target.

According to TipRanks.com, Mccrea is ranked #1843 out of 4886 analysts.

Cardinal Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$6.75.

Cardinal Energy’s market cap is currently C$599.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.85.

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$5.07.

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