Cardinal Energy Ltd (TSE:CJ)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.10 and traded as low as $1.99. Cardinal Energy shares last traded at $2.05, with a volume of 178,719 shares changing hands.
Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Cardinal Energy from C$3.00 to C$2.75 and set a “sector perform” rating for the company in a report on Wednesday, November 13th. Raymond James reiterated a “market perform” rating and issued a C$2.50 target price on shares of Cardinal Energy in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cardinal Energy presently has an average rating of “Hold” and a consensus price target of C$3.36.
The business’s 50-day moving average price is C$2.10 and its 200-day moving average price is C$2.33. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 32.03. The firm has a market capitalization of $228.67 million and a PE ratio of 3.76.
In related news, Director John Albert Brussa purchased 20,000 shares of Cardinal Energy stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of C$1.95 per share, with a total value of C$39,000.00. Following the completion of the transaction, the director now directly owns 1,290,844 shares of the company’s stock, valued at C$2,517,145.80.
About Cardinal Energy (TSE:CJ)
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.
Recommended Story: S&P/ASX 200 Index
Receive News & Ratings for Cardinal Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Energy and related companies with MarketBeat.com's FREE daily email newsletter.