Raymond James’ Outlook for This Canada’s Energy Sector Company
Today, an analyst has provided a rating update for Cardinal Energy (CJ). The company received a Hold rating from Raymond James’ analyst Jeremy Mccrea, with a C$4 price target.
According to TipRanks.com, Mccrea has 0 stars on 0-5 star ranking scale with an average return of -9.7% and a 24.4% 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 average price target.
Cardinal Energy’s market cap is currently C$277.5M and has a P/E ratio of 4.5. The company has a Price to Book ratio of 0.36.
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$2.40, close to its 52-week low of C$1.80.