Shares of Cardinal Energy (CJ) were revisited by a Wall Street analyst yesterday. Analyst Jeremy Mccrea from Raymond James rated Cardinal Energy (CJ) a Hold, setting a C$3.75 price target.
According to TipRanks.com, Mccrea is ranked 0 out of 5 stars with an average return of -20.7% and a 21.9% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
Cardinal Energy has an analyst consensus of Strong Buy, with a price target consensus of C$4.62.
Based on Cardinal Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$9.07 million. In comparison, last year the company had a GAAP net loss of C$12.07 million.
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$2.45, close to its 52-week low of C$2.30.
