(CJ) Cardinal Energy - Ratings and Ratios

Cardinal Energy Ltd. is a Canadian oil and gas exploration and production company that operates in the provinces of Alberta, British Columbia, and Saskatchewan. With a strong presence in the Western Canadian Sedimentary Basin, the company has established a diversified portfolio of petroleum and natural gas assets. Since its incorporation in 2010, Cardinal Energy has focused on optimizing its existing assets, while also pursuing strategic acquisitions to drive growth. Headquartered in Calgary, the company is well-positioned to capitalize on emerging opportunities in the Canadian energy sector.

From a technical analysis perspective, Cardinal Energys stock has demonstrated a strong upward trend, with the current price of $7.06 representing a significant breakout above its 20-day, 50-day, and 200-day moving averages. The stocks relative strength is further underscored by its recent achievement of a 52-week high, indicating a strong momentum driven by improving fundamentals. With an Average True Range (ATR) of 0.15, or 2.09%, the stocks volatility is relatively contained, suggesting a stable trading environment.

Fundamentally, Cardinal Energys market capitalization of $1.019 billion CAD and a forward Price-to-Earnings (P/E) ratio of 17.61 suggest that the company is poised for growth, with investors willing to pay a premium for its expected future earnings. The companys Return on Equity (RoE) of 12.32% indicates a strong ability to generate profits from shareholder equity. With a current P/E ratio of 9.07, the stock appears to be undervalued relative to its growth prospects.

Based on the technical and fundamental data, a forecast for Cardinal Energy is as follows: with the stock having broken out above its key moving averages and achieved a 52-week high, we can expect further upside momentum in the near term. As the companys fundamentals continue to improve, driven by its diversified asset base and strategic acquisitions, we forecast that the stock price will reach $8.50 within the next 6-12 months, representing a potential upside of 20%. This forecast is contingent on the companys ability to continue delivering strong operational performance and navigating the complexities of the Canadian energy market.