Cardinal Energy: Stocks Analysts Recently Downgraded on TSX (CJ)
Cardinal Energy Ltd is among the group of Toronto Stock Exchange stocks recently downgraded by analysts. This means each stock on this list has seen its averge consensus value drop in the last week so at least one analyst has downgraded their view on these stocks.
This report is generated monthly. It displays the number of analysts along with their buy-hold-sell ratings for the company. A company is included in this list when its mean rating decreases from the previous week. Stocks in this category are generally sold to preserve capital.
Companies can get downgraded for a number of reasons - but primarily due to reduced future earnings potential due to loss of contracts, new faltering product lines or increasing costs relative to revenue or financial risk.
| Symbol | Name | Buy | Out Perform | Hold | Under Perform | Sell | No Opinion | Mean Rating | Prev Mean Rating | Mean Label |
|---|---|---|---|---|---|---|---|---|---|---|
| ERF | Enerplus Corp | 1 | 0 | 0 | 0 | 5 | 0 | 1.6667 | 2.1429 | Underperform |
| PXT | Parex Resources Inc | 6 | 0 | 1 | 0 | 0 | 0 | 4.7143 | 4.75 | Buy |
| IPCO | International Petroleum Corp | 3 | 0 | 2 | 0 | 0 | 0 | 4.2 | 4.3333 | Outperform |
| CJ | Cardinal Energy Ltd | 2 | 0 | 3 | 0 | 0 | 0 | 3.8 | 4 | Outperform |
All data provided as of April 19, 2024.
More about Cardinal Energy Ltd
Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. The company generates majority of its revenue from Crude oil sales by product.
Cardinal Energy Ltd is listed under CJ on the Toronto Stock Exchange.
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