Cadogan Petroleum PLC (GB:CAD)
LSE:CAD
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Cadogan Petroleum
(LSE:CAD)
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Rating:45Neutral
Price Target:
4.00 p
▼(-5.88% Downside)
Action:Reiterated
Date:04/25/26
The score is held back primarily by weak financial performance—especially recent net losses and significant negative free cash flow—despite a relatively solid, low-leverage balance sheet. Technical signals are mixed with modest strength but some indicators suggesting stretched momentum, and valuation is penalized due to loss-making results and the absence of a dividend yield.
Positive Factors
Conservative leverage
Cadogan's low leverage (debt-to-equity ~0.21 in 2025) and sizable equity provide a durable financial cushion through commodity cycles. This structural balance-sheet strength supports capital allocation flexibility, lowers near-term solvency risk and preserves options for investment or farm-outs as operations stabilize.
Negative Factors
Persistent negative cash flow
Volatile and mostly negative operating and free cash flow is a structural weakness: persistent cash burn restricts the company's ability to self-fund capex and operations, increases reliance on external financing or asset sales, and raises execution and liquidity risk during downturns or prolonged weak price environments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Cadogan's low leverage (debt-to-equity ~0.21 in 2025) and sizable equity provide a durable financial cushion through commodity cycles. This structural balance-sheet strength supports capital allocation flexibility, lowers near-term solvency risk and preserves options for investment or farm-outs as operations stabilize.
Read all positive factors
Cadogan Petroleum (CAD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£10.17M
Dividend YieldN/A
Average Volume (3M)19.09K
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-38.61%
EPS Growth83.33%
CountryUK
Employees76
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)N/A
Shares Outstanding251,128,500
10 Day Avg. Volume15,678
30 Day Avg. Volume19,085
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.51
Price to Sales (P/S)2.50
P/FCF Ratio-1.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cadogan Petroleum Business Overview & Revenue Model
Company Description
Cadogan Petroleum plc, together with its subsidiaries, engages in the exploration, development, and production of natural gas, oil, and condensate in Ukraine. It operates through three segments: Exploration and Production; Service; and Trading. Th...
How the Company Makes Money
Cadogan Petroleum primarily makes money from upstream oil and gas activities, with revenue typically generated through the sale of produced hydrocarbons (crude oil and/or natural gas) into the market, where realized prices depend on commodity benc...
Cadogan Petroleum Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.79M | 9.15M | 7.55M | 8.47M | 8.79M |
| Gross Profit | 1.24M | 4.11M | 2.16M | 2.94M | 1.43M |
| EBITDA | -1.99M | -4.61M | -760.00K | -755.00K | -1.44M |
| Net Income | -1.14M | -6.23M | 1.26M | -1.56M | -5.07M |
Balance Sheet | |||||
| Total Assets | 35.70M | 31.13M | 38.29M | 37.43M | 42.36M |
| Cash, Cash Equivalents and Short-Term Investments | 13.62M | 14.38M | 14.15M | 13.93M | 15.01M |
| Total Debt | 5.97M | 173.00K | 235.00K | 107.00K | 206.00K |
| Total Liabilities | 7.61M | 2.06M | 1.85M | 1.91M | 1.99M |
| Stockholders Equity | 28.10M | 29.07M | 36.44M | 35.29M | 40.14M |
Cash Flow | |||||
| Free Cash Flow | -12.13M | -357.00K | -628.00K | -967.00K | 2.04M |
| Operating Cash Flow | -2.26M | 691.00K | -570.00K | -874.00K | 2.19M |
| Investing Cash Flow | -9.32M | -248.00K | 738.00K | 4.00K | -151.00K |
| Financing Cash Flow | 9.61M | -118.00K | -132.00K | 0.00 | 0.00 |
Cadogan Petroleum Technical Analysis
Negative
4.25
Price Trends
4.42
Negative
4.49
Negative
4.14
Negative
Market Momentum
-0.08
Positive
16.94
Positive
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CAD, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.33, below the 50-day MA of 4.42, and above the 200-day MA of 4.14, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 16.94 is Positive, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CAD.
Cadogan Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | £7.33M | -4.82 | -2.88% | ― | -24.66% | -158.42% | |
55 Neutral | £20.36M | -0.92 | -29.57% | ― | -20.46% | 35.99% | |
52 Neutral | £9.67M | -4.18 | -14.83% | ― | ― | ― | |
48 Neutral | £11.97M | 24.00 | -21.11% | ― | -17.39% | ― | |
45 Neutral | £10.17M | -1.74 | -16.91% | ― | -38.61% | 83.33% |
* Energy Sector Average
GB:CAD
Cadogan Petroleum
4.05
-0.95
-19.00%
GB:ANGS
Angus Energy
0.24
0.00
0.00%
GB:STAR
IGas Energy
15.50
8.95
136.64%
GB:UOG
United Oil & Gas Plc
0.23
0.12
104.55%
GB:UKOG
UK Oil & Gas Investments
0.01
0.00
0.00%
GB:UJO
Union Jack Oil
5.00
-4.25
-45.95%
Cadogan Petroleum Corporate Events
Other
Cadogan Chairman Increases Stake with £0.045-Per-Share Purchase
Positive
May 5, 2026
Cadogan Energy Solutions’ chairman, Thibaut de Gaudemar, has acquired 3,828,943 ordinary shares in the company at £0.045 per share in an over-the-counter London transaction on 30 April 2026. The purchase lifts his holding to 3,828,943 s...
Business Operations and StrategyFinancial Disclosures
Cadogan Narrows 2025 Loss as Cash Rises and Power Business Expands
Positive
Apr 20, 2026
Cadogan Energy Solutions reported a sharply reduced annual loss of $1.1 million for 2025, down from $6.2 million a year earlier, despite lower gross revenues of $5.8 million and a weaker average realised oil price of $46.75 per boe. The group̵...
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.