Cardinal Energy (OTCMKTS:CRLFF – Get Rating) had its price objective boosted by Raymond James from C$9.50 to C$10.00 in a report published on Tuesday morning, The Fly reports.
A number of other analysts have also commented on CRLFF. CIBC initiated coverage on shares of Cardinal Energy in a research note on Monday, June 27th. They set a neutral rating for the company. Stifel Nicolaus upped their price objective on shares of Cardinal Energy from C$12.25 to C$13.00 in a research note on Tuesday.
Cardinal Energy Trading Up 2.5 %
Shares of CRLFF opened at $6.63 on Tuesday. Cardinal Energy has a 52-week low of $2.20 and a 52-week high of $7.93. The firm has a 50-day moving average price of $6.27 and a 200 day moving average price of $5.73.
About Cardinal Energy
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.
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