Cardinal Energy (OTCMKTS:CRLFF – Get Free Report) is projected to release its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $0.2710 per share and revenue of $168.4470 million for the quarter.
Cardinal Energy Price Performance
CRLFF stock opened at $8.14 on Friday. Cardinal Energy has a twelve month low of $5.03 and a twelve month high of $9.68. The company’s 50 day moving average is $8.10 and its two-hundred day moving average is $7.74.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cardinal Energy in a research report on Monday, May 11th. Two 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, the stock presently has an average rating of “Moderate Buy”.
About Cardinal Energy
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.
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