Cardinal Energy (CRLFF) Expected to Announce Quarterly Earnings on Monday

Cardinal Energy (OTCMKTS:CRLFF) is expected to be issuing its results before the market opens on Monday, March 16th. Analysts expect the company to announce earnings of $0.0555 per share and revenue of $97.4740 million for the quarter.

Cardinal Energy Trading Up 1.2%

Shares of CRLFF opened at $7.50 on Monday. Cardinal Energy has a 52-week low of $3.28 and a 52-week high of $7.57. The business’s fifty day moving average is $6.71 and its 200-day moving average is $6.16.

Analyst Upgrades and Downgrades

CRLFF has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cardinal Energy in a research note on Thursday, February 5th. Canadian Imperial Bank of Commerce raised shares of Cardinal Energy from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cardinal Energy currently has a consensus rating of “Moderate Buy”.

Cardinal Energy Company Profile

Cardinal Energy Ltd. (OTCMKTS: CRLFF) is a Canada-based upstream oil and gas company focused on the exploration, development and production of conventional hydrocarbon resources in Western Canada. Founded in 2009 and headquartered in Calgary, Alberta, Cardinal Energy targets mature resource plays in Alberta and Saskatchewan, with a core asset base in the Cardium and Mannville formations as well as shallow natural gas zones.

The company pursues a disciplined growth strategy grounded in low-cost drilling, optimized well design and efficient operations.