TSE:CJ - Cardinal Energy Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Hold
Consensus Price Target: C$2.42
Forecasted Upside: -34.42 %
Number of Analysts: 4
Breakdown:
1 Sell Ratings
2 Hold Ratings
1 Buy Ratings
0 Strong Buy Ratings

C^$3.69 As of 06/23/2021 01:00 AM ET

▲ +0.02 (0.54%)

1 month | 3 months | 12 months

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Analyst Price Target for CJ

C^$2.42

▼ -34.42% Downside Potential

This price target is based on 4 analysts offering 12 month price targets for Cardinal Energy in the last 3 months. The average price target is C$2.42, with a high forecast of C$4.00 and a low forecast of C$0.50. The average price target represents a -34.42% upside from the last price of C$3.69.

Current Consensus is Hold

The current consensus among 4 contributing investment analysts is to hold stock in Cardinal Energy. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
0 buy ratings
2 hold ratings
2 sell ratings

Ratings as of

12/31/2019

0 strong buy ratings
1 buy ratings
2 hold ratings
3 sell ratings

Ratings as of

3/30/2020

0 strong buy ratings
1 buy ratings
2 hold ratings
3 sell ratings

Ratings as of

6/28/2020

0 strong buy ratings
1 buy ratings
2 hold ratings
3 sell ratings

Ratings as of

9/26/2020

0 strong buy ratings
1 buy ratings
2 hold ratings
3 sell ratings

Ratings as of

12/25/2020

0 strong buy ratings
1 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

3/25/2021

0 strong buy ratings
1 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

5/24/2021

0 strong buy ratings
1 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

6/23/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target
6/3/2021	Royal Bank of Canada	Boost Price Target	Sector Perform	C$3.25 ➝ C$4.00
6/3/2021	Raymond James	Reiterated Rating	Market Perform	C$3.00
5/17/2021	Raymond James	Boost Price Target	Market Perform	C$2.50 ➝ C$3.00
5/14/2021	BMO Capital Markets	Boost Price Target	NA	C$3.00 ➝ C$4.00
5/14/2021	Royal Bank of Canada	Boost Price Target	Sector Perform	C$2.25 ➝ C$3.25
3/17/2021	Royal Bank of Canada	Boost Price Target	Sector Perform	C$1.75 ➝ C$2.25
3/17/2021	Raymond James	Boost Price Target	Market Perform	C$1.75 ➝ C$2.50
3/15/2021	BMO Capital Markets	Boost Price Target	NA	C$2.00 ➝ C$3.00
3/4/2021	Raymond James	Boost Price Target	Market Perform	C$0.90 ➝ C$1.75
3/4/2021	BMO Capital Markets	Boost Price Target		C$1.25 ➝ C$2.00
1/15/2021	Raymond James	Upgrade	Underperform ➝ Market Perform	C$0.25 ➝ C$0.90
12/7/2020	Stifel Firstegy	Upgrade	Hold ➝ Buy
11/6/2020	Raymond James	Set Price Target	Underperform	C$0.25
7/17/2020	Cormark	Boost Price Target		C$0.40 ➝ C$0.60
6/29/2020	BMO Capital Markets	Lower Price Target		C$1.00 ➝ C$0.75
6/25/2020	National Bank Financial	Set Price Target	Underperform	C$0.50
4/23/2020	National Bank Financial	Lower Price Target	Underperform	C$0.90 ➝ C$0.50
3/19/2020	Stifel Firstegy	Downgrade	Buy ➝ Hold
3/19/2020	Raymond James	Set Price Target	Underperform	C$1.00
3/19/2020	TD Securities	Downgrade	Hold ➝ Reduce
3/18/2020	Scotiabank	Downgrade	Sector Perform ➝ Underperform	C$3.25 ➝ C$0.50
3/16/2020	Royal Bank of Canada	Lower Price Target	Sector Perform	C$3.25 ➝ C$0.80
3/13/2020	TD Securities	Lower Price Target	Hold	C$3.25 ➝ C$0.60
3/12/2020	Raymond James	Downgrade	Market Perform ➝ Underperform	C$2.75 ➝ C$1.00
3/10/2020	National Bank Financial	Downgrade	Sector Perform ➝ Underperform	C$2.75 ➝ C$0.90
2/28/2020	Raymond James	Set Price Target	Market Perform	C$2.75
1/31/2020	National Bank Financial	Lower Price Target	Sector Perform	C$3.00 ➝ C$2.75
12/11/2019	Raymond James	Set Price Target	Market Perform	C$2.50
11/13/2019	Raymond James	Reiterated Rating	Market Perform	C$2.50
11/13/2019	Royal Bank of Canada	Lower Price Target	Sector Perform	C$3.00 ➝ C$2.75
10/18/2019	Royal Bank of Canada	Lower Price Target		C$3.50 ➝ C$3.00
9/23/2019	Royal Bank of Canada	Reiterated Rating	Sector Perform	C$3.50
7/31/2019	National Bank Financial	Boost Price Target	Sector Perform	C$2.75 ➝ C$3.00
7/31/2019	Raymond James	Reiterated Rating	Market Perform	C$4.00
7/11/2019	Raymond James	Lower Price Target		C$4.25 ➝ C$4.00
6/28/2019	GMP Securities	Lower Price Target		C$4.50 ➝ C$4.00
6/25/2019	National Bank Financial	Lower Price Target	Sector Perform	C$3.25 ➝ C$2.75
5/8/2019	Raymond James	Set Price Target	Market Perform	C$4.25
4/23/2019	CIBC	Boost Price Target		C$3.25 ➝ C$3.75
4/23/2019	Cormark	Boost Price Target		C$4.25 ➝ C$4.50
4/15/2019	Raymond James	Reiterated Rating	Market Perform	C$4.25
4/15/2019	BMO Capital Markets	Boost Price Target	Outperform	C$3.50 ➝ C$4.00
4/15/2019	GMP Securities	Boost Price Target		C$4.00 ➝ C$4.50
3/21/2019	TD Securities	Reiterated Rating	Outperform	C$3.00
3/6/2019	Raymond James	Boost Price Target	Market Perform	C$3.75 ➝ C$4.25
3/1/2019	National Bank Financial	Downgrade	Outperform ➝ Sector Perform	C$4.25 ➝ C$3.25
2/1/2019	CIBC	Lower Price Target		C$4.50 ➝ C$3.25
1/10/2019	Canaccord Genuity	Lower Price Target		C$4.25 ➝ C$2.70
1/8/2019	Royal Bank of Canada	Lower Price Target		C$7.00 ➝ C$5.00
1/7/2019	TD Securities	Downgrade	Buy ➝ Hold	C$4.75 ➝ C$2.75
12/13/2018	GMP Securities	Lower Price Target		C$4.75 ➝ C$4.25
12/10/2018	Raymond James	Reiterated Rating	Market Perform	C$5.25
12/10/2018	TD Securities	Lower Price Target	Buy	C$6.00 ➝ C$4.75
12/10/2018	BMO Capital Markets	Lower Price Target	Outperform	C$6.50 ➝ C$4.00
12/10/2018	Cormark	Lower Price Target		C$6.00 ➝ C$5.50
12/7/2018	National Bank Financial	Lower Price Target	Outperform	C$8.00 ➝ C$7.00
11/29/2018	Canaccord Genuity	Lower Price Target		C$6.50 ➝ C$4.25
11/22/2018	CIBC	Downgrade	Outperform ➝ Neutral	C$6.25 ➝ C$4.50
11/5/2018	Royal Bank of Canada	Lower Price Target	Outperform	C$8.00 ➝ C$7.00
11/5/2018	GMP Securities	Lower Price Target		C$7.25 ➝ C$6.25
11/2/2018	Raymond James	Lower Price Target	Market Perform	C$5.75 ➝ C$5.25
10/15/2018	CIBC	Lower Price Target		C$6.75 ➝ C$6.25
10/5/2018	CIBC	Lower Price Target		C$7.00 ➝ C$6.75
10/5/2018	Raymond James	Lower Price Target		C$6.00 ➝ C$5.75
7/10/2018	Canaccord Genuity	Boost Price Target		C$6.00 ➝ C$6.50
7/5/2018	Raymond James	Boost Price Target		C$5.50 ➝ C$6.00
5/18/2018	CIBC	Boost Price Target		C$6.00 ➝ C$7.00
5/11/2018	BMO Capital Markets	Boost Price Target		C$5.50 ➝ C$6.50
4/24/2018	Raymond James	Boost Price Target		C$5.00 ➝ C$5.50
3/21/2018	BMO Capital Markets	Reiterated Rating	Outperform	C$5.50
3/1/2018	GMP Securities	Lower Price Target		C$7.25 ➝ C$6.75
2/5/2018	Raymond James	Lower Price Target		C$5.25 ➝ C$5.00
1/9/2018	National Bank Financial	Boost Price Target	Outperform	C$7.00 ➝ C$7.25
11/9/2017	TD Securities	Boost Price Target	Buy	C$5.50 ➝ C$6.50
11/8/2017	Raymond James	Boost Price Target	Market Perform	C$5.00 ➝ C$5.50
8/17/2017	Scotiabank	Downgrade	Outperform ➝ Sector Perform	C$10.00 ➝ C$6.00
8/9/2017	Scotiabank	Downgrade	Outperform ➝ Sector Perform	C$10.00 ➝ C$6.00
8/3/2017	TD Securities	Lower Price Target	Buy	C$8.00 ➝ C$6.00
8/3/2017	Raymond James	Lower Price Target	Market Perform	C$6.25 ➝ C$5.50
7/28/2017	BMO Capital Markets	Set Price Target	Outperform	C$7.00
7/28/2017	Royal Bank of Canada	Lower Price Target	Outperform	C$11.00 ➝ C$8.00
6/13/2017	Raymond James	Reiterated Rating	Market Perform	C$6.75
5/5/2017	TD Securities	Lower Price Target	Buy	C$9.00 ➝ C$8.00
5/5/2017	Scotiabank	Lower Price Target	Outperform	C$11.00 ➝ C$10.00
5/5/2017	National Bank Financial	Lower Price Target	Outperform	C$9.00 ➝ C$8.00
4/20/2017	Nomura Securities	Initiated Coverage	Buy
4/20/2017	Nomura Instinet	Reiterated Rating	Buy
4/18/2017	Royal Bank of Canada	Reiterated Rating	Outperform	C$11.00
4/18/2017	BMO Capital Markets	Reiterated Rating	Outperform
4/12/2017	BMO Capital Markets	Initiated Coverage	Outperform
3/14/2017	Scotiabank	Lower Price Target	Outperform	C$12.00 ➝ C$11.50
3/14/2017	TD Securities	Reiterated Rating	Buy	C$10.50
3/14/2017	BMO Capital Markets	Lower Price Target		C$13.00 ➝ C$11.00
3/14/2017	Royal Bank of Canada	Lower Price Target	Outperform	C$12.00 ➝ C$11.00
3/3/2017	Capital One Financial	Reiterated Rating	Overweight
1/25/2017	Clarus Securities	Reiterated Rating	Buy
1/25/2017	TD Securities	Lower Price Target	Buy	C$12.00 ➝ C$10.50
1/25/2017	Scotiabank	Reiterated Rating	Outperform	C$12.00
1/25/2017	CIBC	Boost Price Target		C$11.00 ➝ C$13.00
1/25/2017	Royal Bank of Canada	Reiterated Rating	Outperform	C$12.00
12/21/2016	BMO Capital Markets	Boost Price Target		C$12.00 ➝ C$13.00
11/9/2016	TD Securities	Reiterated Rating	Buy	C$11.50
11/8/2016	Scotiabank	Reiterated Rating	Outperform	C$12.00
11/8/2016	Royal Bank of Canada	Reiterated Rating	Outperform	C$12.00
8/3/2016	TD Securities	Reiterated Rating	Buy	C$11.50
8/3/2016	Scotiabank	Reiterated Rating	Outperform	C$12.00
8/3/2016	Dundee Securities	Boost Price Target	Buy	C$10.50 ➝ C$11.00

(Data available from 6/23/2016 forward)

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of December 31, 2020, company had total proved plus probable oil and gas reserves are 99,258 thousand barrels of oil equivalent. The company was incorporated in 2010 and is headquartered in Calgary, Canada.

Today's Range

Now: C$3.69

C$3.67

C$3.87

50 Day Range

MA: C$3.00

C$2.23

C$3.69

52 Week Range

Now: C$3.69

C$0.38

C$3.87

Volume

972,551 shs

Average Volume

1,110,509 shs

Market Capitalization

C$532.79 million

P/E Ratio

7.03

Dividend Yield

36.73%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Cardinal Energy?

The following Wall Street research analysts have issued stock ratings on Cardinal Energy in the last twelve months: BMO Capital Markets, Cormark, National Bank Financial, Raymond James, Royal Bank of Canada, and Stifel Firstegy.
View the latest analyst ratings for CJ.

What is the current price target for Cardinal Energy?

5 Wall Street analysts have set twelve-month price targets for Cardinal Energy in the last year. Their average twelve-month price target is C$2.42, suggesting a possible downside of 34.4%. BMO Capital Markets has the highest price target set, predicting CJ will reach C$4.00 in the next twelve months. National Bank Financial has the lowest price target set, forecasting a price of C$0.50 for Cardinal Energy in the next year.
View the latest price targets for CJ.

What is the current consensus analyst rating for Cardinal Energy?

Cardinal Energy currently has 1 sell rating, 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CJ, but not buy more shares or sell existing shares.
View the latest ratings for CJ.

What other companies compete with Cardinal Energy?

Other companies that are similar to Cardinal Energy include Raging River Exploration, Baytex Energy, Energean, Freehold Royalties, Peyto Exploration & Development, Kosmos Energy, Tamarack Valley Energy, International Petroleum, Tullow Oil, Diversified Energy, Headwater Exploration, Advantage Oil & Gas, Diversified Gas & Oil, TORC Oil & Gas Ltd. (TOG.TO) and Kelt Exploration.

How do I contact Cardinal Energy's investor relations team?

Cardinal Energy's physical mailing address is 600-400 3 Ave SW, CALGARY, AB T2P 4H2, Canada. The company's listed phone number is +1-403-2162709. The official website for Cardinal Energy is www.cardinalenergy.ca.