Cardinal Energy (CRLFF) to Release Quarterly Earnings on Thursday

Cardinal Energy (OTCMKTS:CRLFF) is expected to be releasing its results before the market opens on Thursday, March 12th. Analysts expect Cardinal Energy to post earnings of $0.0555 per share and revenue of $97.4740 million for the quarter.

Cardinal Energy Price Performance

Shares of OTCMKTS:CRLFF opened at $7.47 on Wednesday. Cardinal Energy has a fifty-two week low of $3.28 and a fifty-two week high of $7.59. The business has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $6.19.

Analysts Set New Price Targets

CRLFF has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce upgraded shares of Cardinal Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Cardinal Energy in a research report on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Cardinal Energy

Cardinal Energy Ltd. (OTCMKTS: CRLFF) is a Canada-based upstream oil and gas company focused on the exploration, development and production of conventional hydrocarbon resources in Western Canada. Founded in 2009 and headquartered in Calgary, Alberta, Cardinal Energy targets mature resource plays in Alberta and Saskatchewan, with a core asset base in the Cardium and Mannville formations as well as shallow natural gas zones.

The company pursues a disciplined growth strategy grounded in low-cost drilling, optimized well design and efficient operations.