Condor Energies Advances Drilling and LNG Projects in Central Asia

Condor Energies ( (TSE:CDR) ) has shared an update.

Condor Energies Inc has provided an update on its operations in Uzbekistan and Kazakhstan. In Uzbekistan, the company is preparing for a multi-well drilling campaign, aiming to enhance production through advanced techniques and infrastructure improvements. In Kazakhstan, Condor is on track to complete its first modular LNG facility by the end of 2025, with production slated for mid-2026, marking a significant step in its energy transition initiatives.

The most recent analyst rating on (TSE:CDR) stock is a Buy with a C$3.62 price target. To see the full list of analyst forecasts on Condor Energies stock, see the TSE:CDR Stock Forecast page.

Spark’s Take on TSE:CDR Stock

According to Spark, TipRanks’ AI Analyst, TSE:CDR is a Neutral.

Condor Energies’ overall stock score is driven by its promising corporate developments and technical indicators suggesting potential support. However, its financial performance remains a significant concern, with persistent net losses and high financial leverage. Valuation metrics do not favor the stock, highlighting the need for improved profitability and cash flow generation.

To see Spark’s full report on TSE:CDR stock, click here.

More about Condor Energies

Condor Energies Inc is a TSX-listed energy transition company focused on increasing natural gas and condensate production in Uzbekistan, constructing Central Asia’s first LNG facility in Kazakhstan, and developing critical minerals from brines in Kazakhstan. Positioned strategically near European and Asian markets, Condor aims to grow reserves, production, and cash flow while minimizing its environmental impact.

Average Trading Volume: 39,047

Technical Sentiment Signal: Hold

Current Market Cap: C$119.4M

See more insights into CDR stock on TipRanks’ Stock Analysis page.