Cardinal Energy (TSE:CJ) PT Raised to C$9.00 at Raymond James

Cardinal Energy (TSE:CJ) had its price target hoisted by research analysts at Raymond James from C$8.00 to C$9.00 in a report released on Friday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 22.62% from the stock’s previous close.

Cardinal Energy Trading Up 0.5 %

Shares of Cardinal Energy stock opened at C$7.34 on Friday. Cardinal Energy has a 52-week low of C$6.25 and a 52-week high of C$9.96. The stock’s 50-day simple moving average is C$7.08 and its 200 day simple moving average is C$7.05. The stock has a market capitalization of C$1.16 billion, a P/E ratio of 6.12, a P/E/G ratio of -0.26 and a beta of 3.12. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.67 and a current ratio of 0.69.

About Cardinal Energy

Cardinal Energy Ltd. engages in the acquisition, exploration, 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.