Analyst Price Target is C$9.70
▲ +16.59% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Cardinal Energy in the last 3 months. The average price target is C$9.70, with a high forecast of C$13.00 and a low forecast of C$6.50. The average price target represents a 16.59% upside from the last price of C$8.32.
Current Consensus is
The current consensus among 3 investment analysts is to hold stock in Cardinal Energy. This rating has held steady since June 2022, when it changed from a Buy consensus rating.
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 February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.