BMO Capital Markets Boosts Cardinal Energy (TSE:CJ) Price Target to C$7.50

Cardinal Energy (TSE:CJ) had its price target hoisted by BMO Capital Markets from C$7.00 to C$7.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 10.46% from the company’s previous close.

Several other research firms have also weighed in on CJ. Royal Bank of Canada reduced their target price on shares of Cardinal Energy from C$8.00 to C$7.00 in a report on Tuesday, September 17th. CIBC reduced their price objective on Cardinal Energy from C$8.75 to C$8.00 in a research note on Friday, November 8th.

Cardinal Energy Price Performance

Cardinal Energy stock opened at C$6.79 on Tuesday. Cardinal Energy has a 1 year low of C$5.98 and a 1 year high of C$7.38. The company has a debt-to-equity ratio of 9.04, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a 50 day moving average price of C$6.48 and a 200 day moving average price of C$6.60. The company has a market cap of C$1.08 billion, a price-to-earnings ratio of 9.30, a PEG ratio of -0.26 and a beta of 2.81.

Insider Buying and Selling at Cardinal Energy

In other Cardinal Energy news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total value of C$82,800.00. Also, Director M. Scott Ratushny acquired 10,000 shares of Cardinal Energy stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of C$6.12 per share, with a total value of C$61,160.00. Insiders acquired a total of 137,650 shares of company stock worth $852,718 over the last 90 days. Insiders own 23.38% of the company’s stock.

Cardinal Energy Company Profile

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.