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Cardinal Energy
(TSX:CJ)
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Rating:62Neutral
Price Target:
C$14.00
▲(17.45% Upside)
Action:Reiterated
Date:07/30/26
The score is primarily supported by financial stability (low leverage) and solid cash generation, with a constructive long-term price trend (above the 200-day average). The biggest constraint is valuation: the very high P/E weighs heavily despite the attractive dividend yield.
Positive Factors
Conservative leverage
Conservative leverage gives Cardinal meaningful resilience through commodity-cycle volatility and reduces financing pressure. A large equity base and modest debt burden should preserve flexibility to maintain production, fund development, and manage weaker operating periods without excessive balance-sheet strain.
Negative Factors
Weak bottom-line profitability
Very low net margin and return on equity show that strong operating performance is not currently converting efficiently into shareholder earnings. Continued weak net income would reduce retained capital, constrain compounding, and make results more sensitive to non-operating costs and commodity-market changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Conservative leverage gives Cardinal meaningful resilience through commodity-cycle volatility and reduces financing pressure. A large equity base and modest debt burden should preserve flexibility to maintain production, fund development, and manage weaker operating periods without excessive balance-sheet strain.
Read all positive factors
Cardinal Energy (CJ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.35B
Dividend Yield5.37%
Average Volume (3M)1.12M
Price to Earnings (P/E)38.3
Beta (1Y)0.25
Revenue Growth17.51%
EPS Growth-35.86%
CountryCA
Employees177
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.35
Shares Outstanding175,663,990
10 Day Avg. Volume1,065,327
30 Day Avg. Volume1,124,917
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.67
Price to Sales (P/S)3.17
P/FCF Ratio10.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$15.83Price Target Upside32.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.2
Revenue Forecast (FY)C$719.47M
Cardinal Energy Business Overview & Revenue Model
Company Description
Cardinal Energy Ltd. is an energy company focused on the acquisition, exploration, and production of diverse oil types—including light, medium, and heavy crude known for their stable, low-decline characteristics—along with natural gas resources ac...
How the Company Makes Money
Cardinal Energy makes money by producing and selling hydrocarbons—primarily crude oil, along with natural gas and natural gas liquids (NGLs)—from its Western Canadian asset base. Revenue is generated when produced volumes are sold into market chan...
Cardinal Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 589.62M | 439.43M | 611.12M | 481.12M | 741.84M | 448.75M |
| Gross Profit | 260.29M | 120.82M | 392.29M | 265.00M | 489.37M | 286.82M |
| EBITDA | 303.68M | 206.59M | 261.86M | 253.64M | 410.56M | 378.36M |
| Net Income | 63.02M | 20.80M | 108.35M | 103.60M | 302.69M | 284.42M |
Balance Sheet | ||||||
| Total Assets | 1.43B | 1.36B | 1.30B | 1.19B | 1.16B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 0.00 | 4.88M | 4.09M | 3.73M | 3.51M |
| Total Debt | 135.43M | 243.03M | 90.31M | 50.10M | 35.77M | 157.59M |
| Total Liabilities | 463.32M | 521.74M | 378.72M | 267.16M | 229.64M | 356.60M |
| Stockholders Equity | 969.62M | 835.47M | 918.26M | 920.69M | 925.37M | 719.23M |
Cash Flow | ||||||
| Free Cash Flow | 105.54M | 128.48M | 144.26M | 125.83M | 216.61M | 68.72M |
| Operating Cash Flow | 259.50M | 206.82M | 247.54M | 230.26M | 337.26M | 125.12M |
| Investing Cash Flow | -180.16M | -241.94M | -163.97M | -114.64M | -116.18M | -46.57M |
| Financing Cash Flow | -79.34M | 35.12M | -83.57M | -115.63M | -221.08M | -78.55M |
Cardinal Energy Technical Analysis
Positive
11.92
Price Trends
12.37
Positive
11.65
Positive
11.00
Positive
Market Momentum
0.39
Negative
62.69
Neutral
75.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CJ, the sentiment is Positive. The current price of 11.92 is below the 20-day moving average (MA) of 12.95, below the 50-day MA of 12.37, and above the 200-day MA of 11.00, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 62.69 is Neutral, neither overbought nor oversold. The STOCH value of 75.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CJ.
Cardinal Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$2.74B | 3.46 | 27.68% | 5.40% | 13.63% | 361.28% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | C$2.35B | 38.31 | 6.96% | 5.36% | 17.51% | -35.86% | |
61 Neutral | C$1.28B | 29.37 | 6.18% | 4.02% | 2.63% | -18.64% | |
60 Neutral | C$2.38B | 41.55 | 4.95% | ― | 30.30% | -24.69% | |
57 Neutral | C$2.92B | 42.06 | 10.71% | 217.20% | 76.79% | 82.39% |
* Energy Sector Average
TSE:CJ
Cardinal Energy
13.40
5.91
78.98%
TSE:SGY
Surge Energy
12.95
6.67
106.21%
TSE:KEL
Kelt Exploration
11.72
5.55
89.95%
TSE:PXT
Parex Resources
28.52
11.13
64.04%
TSE:SDE
Spartan Delta
14.25
8.17
134.38%
Cardinal Energy Corporate Events
Business Operations and StrategyDividends
Cardinal Energy Confirms October Monthly Dividend
Positive
Oct 13, 2026
Cardinal Energy Ltd., a Canadian oil and natural gas producer specializing in low-decline, sustainable oil assets in Western Canada, operates a mix of conventional and SAGD projects. These long-life resources are structured to support the company&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.