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Instinet disclosed Cardinal Energy (TSE:CJ), hiking its price target to $46.00 earlier today

Reporting a potential upside of 5.73%, Instinet bumped up the target price of Cardinal Energy (TSE:CJ) to $46.00

Previously on 4/18/2017, RBC Capital Markets reported about Cardinal Energy (TSE:CJ) raised the target price from $0.00 to $11.00. At the time, this indicated a possible upside of 0.59%.

Just yesterday Cardinal Energy (TSE:CJ) traded -0.58% lower at $6.83. The company’s 50-day moving average is $7.28 and its 200-day moving average is $8.79. The last closing price is down -22.63% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the date range. Volume of trade was down over the average, with 333,756 shares of CJ changing hands under the typical 516,498

Performance Chart

Cardinal Energy (TSE:CJ)

With a total market value of $0, Cardinal Energy has with a one year low of $6.37 and a one year high of $10.92 .

A total of 12 equity analysts have released a ratings update on CJ. Two equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.17.

Brief Synopsis About Cardinal Energy (TSE:CJ)

Cardinal Energy Ltd. is a Canada-based oil-focused company. The Company is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. Its Wainwright properties are located approximately 200 kilometers southeast of Edmonton, Alberta. The Wainwright properties (including the Hayter asset) produce approximately 4,500 barrels of oil equivalent per day (Boe/d) of predominantly heavy crude oil and associated natural gas. Its Bantry property is located near the City of Brooks, Alberta. It produces medium crude oil, natural gas and natural gas liquids (NGLs). The Company produces approximately 4,400 boe/d at Bantry property. Its Slave Lake (Mitsue) property is located approximately 280 kilometers north of Edmonton, Alberta. The property produces approximately 3,600 boe/d (light crude oil and NGLs). Its Chauvin property is located approximately 70 kilometers east of Wainwright, Alberta.

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