Trading Report: Today, Cardinal Energy Ltd (CJ) Earns Outperform Rating from Royal Bank Of Canada

Today, Cardinal Energy Ltd (CJ) Earns Outperform Rating from Royal Bank Of Canada

Cardinal Energy Ltd (TSE:CJ)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday, StockTargetPrices.com reports. They currently have a C$12.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 31.29% from the stock’s current price.

Several other brokerages also recently weighed in on CJ. Dundee Securities raised their price target on Cardinal Energy from C$10.50 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Scotiabank restated an “outperform” rating and set a C$12.00 price target on shares of Cardinal Energy in a report on Wednesday, August 3rd. Finally, TD Securities restated a “buy” rating and set a C$11.50 price target on shares of Cardinal Energy in a report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$11.25.

Shares of Cardinal Energy (TSE:CJ) traded down 2.04% during midday trading on Tuesday, reaching $9.14. The company had a trading volume of 240,107 shares. The company has a 50 day moving average of $9.20 and a 200 day moving average of $9.17. The firm’s market capitalization is $672.27 million. Cardinal Energy has a 12-month low of $5.59 and a 12-month high of $10.92.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.42 annualized dividend and a dividend yield of 4.60%.

In other Cardinal Energy news, insider Tim Hyde sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$8.68, for a total value of C$217,000.00.

Cardinal Energy Company Profile

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