Cardinal Energy (CJ), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Robert Fitzmartyn from GMP FirstEnergy rated Cardinal Energy (CJ) a Buy, setting a C$6.25 price target.
Fitzmartyn has an average return of 2.0% when recommending Cardinal Energy.
According to TipRanks.com, Fitzmartyn is ranked #4849 out of 4900 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cardinal Energy with a C$6.19 average price target, which is a 70.8% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$7 price target.
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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 Monday at C$3.63, close to its 52-week low of C$3.45.
