Cibc Captl Mkts Upgrades Cardinal Energy (TSE:CJ) to “Strong-Buy”

Cardinal Energy (TSE:CJ) was upgraded by equities research analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on CJ. Raymond James Financial upped their price objective on shares of Cardinal Energy from C$9.00 to C$9.50 and gave the stock a “market perform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce raised shares of Cardinal Energy from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from C$7.75 to C$11.00 in a research report on Thursday. Finally, Royal Bank Of Canada increased their price objective on shares of Cardinal Energy from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Cardinal Energy presently has an average rating of “Buy” and a consensus price target of C$10.00.

Cardinal Energy Stock Performance

Cardinal Energy stock opened at C$9.37 on Thursday. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The company has a market capitalization of C$1.51 billion, a PE ratio of 19.52, a P/E/G ratio of -0.26 and a beta of 0.46. The company has a 50 day moving average price of C$8.81 and a 200-day moving average price of C$8.14. Cardinal Energy has a fifty-two week low of C$4.64 and a fifty-two week high of C$9.56.

Cardinal Energy (TSE:CJ) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.09 EPS for the quarter. Cardinal Energy had a return on equity of 11.24% and a net margin of 19.57%.The company had revenue of C$104.82 million for the quarter. As a group, equities analysts forecast that Cardinal Energy will post 0.625118 earnings per share for the current year.

Key Stories Impacting Cardinal Energy

Here are the key news stories impacting Cardinal Energy this week:

• Positive Sentiment: CIBC upgraded Cardinal from “hold” to “strong‑buy” and set a C$11.00 price target (up from C$7.75), implying roughly mid‑teens upside from current levels — the most influential and recent upgrade driving buyer interest. BayStreet: CIBC upgrade Zacks: CIBC coverage
• Positive Sentiment: RBC raised its price target to C$9.50 and maintained an “outperform” view, a modest but supportive upgrade that helps validate the stock’s strength. BayStreet: RBC target raise
• Positive Sentiment: Raymond James raised its target to C$9.50 and kept a “market perform” rating, reinforcing consensus upgrades and reducing near‑term downside risk. BayStreet: Raymond James update
• Neutral Sentiment: Interactive market data and charting for Cardinal are available (useful for tracking intraday flows and technicals). Barron’s: Interactive Chart

About Cardinal Energy

Cardinal is a Canadian oil and natural gas production company with operations focused on low decline sustainable oil production in Western Canada. Cardinal has recently completed its first thermal SAGD project in Reford, Saskatchewan and has transitioned to the production phase of operations. The Company’s portfolio of conventional and SAGD project inventory offers a complimentary low decline, long life resource base that is ideally suited to sustain our commitment to meaningful dividend returns to shareholders.