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Cardinal Energy ( (TSE:CJ) ) has shared an announcement.
Cardinal Energy Ltd. reported a 3% increase in production for the second quarter of 2025, achieving 21,184 boe/d despite limited drilling activities. The company directed $49.4 million in adjusted funds flow towards its Reford SAGD project and dividends. Cardinal’s net operating expenses decreased by 5%, while net debt rose to $227.1 million. The Reford project is on track for completion, with first steam expected in the third quarter, and the company maintained its dividend payout strategy, returning $28.9 million to shareholders.
The most recent analyst rating on (TSE:CJ) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Cardinal Energy stock, see the TSE:CJ Stock Forecast page.
Spark’s Take on TSE:CJ Stock
According to Spark, TipRanks’ AI Analyst, TSE:CJ is a Outperform.
Cardinal Energy demonstrates strong financial performance with robust revenue growth and efficient cash flow generation. Notably, its valuation is compelling, supported by a high dividend yield. However, technical indicators suggest caution due to potential bearish trends. Recent corporate events showcasing strategic growth initiatives further enhance the stock’s attractiveness.
To see Spark’s full report on TSE:CJ stock, click here.
More about Cardinal Energy
Cardinal Energy Ltd. operates within the energy sector, focusing on the production and exploration of petroleum and natural gas. The company is engaged in conventional oil production and is investing in steam-assisted gravity drainage (SAGD) projects, with a market focus on enhancing production efficiency and shareholder returns.
Average Trading Volume: 632,970
Technical Sentiment Signal: Buy
Current Market Cap: C$1.19B
Learn more about CJ stock on TipRanks’ Stock Analysis page.