GMP FirstEnergy Thinks Cardinal Energy’s Stock is Going to Recover
Today, an analyst has provided a rating update for Cardinal Energy (CJ). Analyst Cody Kwong from GMP FirstEnergy remains bullish on the stock and has a C$4 price target.
According to TipRanks.com, Kwong ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -24.2% and a 23.8% success rate. Kwong covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Paramount Resources Ltd, and Crescent Point Energy.
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Currently, the analyst consensus on Cardinal Energy is a Moderate Buy with an average price target of C$4.08.
The company has a one-year high of C$5.68 and a one-year low of C$1.80. Currently, Cardinal Energy has an average volume of 458.2K.
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$2.42, close to its 52-week low of C$1.80.