Cardinal Energy (TSX: CJ) has received a rating update from a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James reiterated a Hold rating, with a C$5.25 price target.
According to TipRanks.com, Mccrea is ranked 0 out of 5 stars with an average return of -5.9% and a 26.9% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and Bellatrix Exploration.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cardinal Energy with a C$6.50 average price target.
The company has a one-year high of C$5.89 and a one-year low of C$3.69. Currently, Cardinal Energy has an average volume of 375.4K.
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$3.55.
