Today, an analyst has provided a rating update for Cardinal Energy (CJ). Raymond James’ analyst Jeremy Mccrea reiterates their Hold rating on the shares, with a C$4.25 price target.
According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.9% and a 33.5% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cardinal Energy with a C$4.25 average price target.
The company has a one-year high of C$5.89 and a one-year low of C$1.80. Currently, Cardinal Energy has an average volume of 684K.
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 Wednesday at C$3.02.
