Raymond James Reaffirms Their Hold Rating on Cardinal Energy (CJ)

In a latest note to investors, a research analyst has provided a rating update for the Cardinal Energy (CJResearch Report). Today, analyst Jeremy Mccrea gave a Hold rating to CJ and set a C$4.25 price target.

According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.2% and a 40.0% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and Bellatrix Exploration.

Cardinal Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$3.88.

The company has a one-year high of C$5.89 and a one-year low of C$1.80. Currently, Cardinal Energy has an average volume of 643.6K.

Cardinal Energy Ltd. engages in the exploration, development and production of oil and natural gas. Its projects include slave lake, wainwright and bantry. The company was founded on December 21, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$3.43.

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