Analyst Activity – BMO Capital Markets Initiates Coverage On Cardinal Energy Ltd (TSE:CJ) With a Outperform

Analyst Ratings For Cardinal Energy Ltd (TSE:CJ)

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Today, BMO Capital Markets initiated coverage on Cardinal Energy Ltd (TSE:CJ) with a Outperform.

There are 8 buy ratings on the stock.

The current consensus rating on Cardinal Energy Ltd (TSE:CJ) is Buy (Score: 3.00) with a consensus target price of C$11.00 per share, a potential .

Some recent analyst ratings include

  • 4/12/2017-BMO Capital Markets initiated coverage with a Outperform rating.
  • 3/14/2017-TD Securities Reiterated Rating of Buy.
  • 3/3/2017-Capital One Financial Corp. Reiterated Rating of Overweight.
  • 1/25/2017-Clarus Securities Reiterated Rating of Buy.

    About Cardinal Energy Ltd (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.

    Recent Trading Activity for Cardinal Energy Ltd (TSE:CJ)
    Shares of Cardinal Energy Ltd closed the previous trading session at 7.21 down -0.14 -1.90% with 482,249 shares trading hands.

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