Want to see TSE:CDR full AI Analyst Report?
Top Page
Condor Energies
(TSX:CDR)
Select Model
Select Model
Rating:53Neutral
Price Target:
C$3.50
▲(29.63% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weaker financial quality—ongoing net losses, sharply negative free cash flow, and higher leverage—despite improved operating results. Technicals are supportive with price in an uptrend, while valuation support is limited due to negative earnings and no dividend data.
Positive Factors
Operating Cash Generation
Operating cash flow rising to roughly $24.1M TTM shows the business is converting sales into durable cash earnings. If sustained, stronger OCF underpins working capital, funds ongoing field development, and reduces near-term dependence on external financing for operations over the next several months.
Negative Factors
Persistent Net Losses
Continued net losses and a negative net margin erode retained earnings and prevent the firm from building equity organically. Over time this limits reinvestment from profits, forces reliance on external capital, and keeps return-on-equity metrics under pressure absent a sustained shift to net profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cash Generation
Operating cash flow rising to roughly $24.1M TTM shows the business is converting sales into durable cash earnings. If sustained, stronger OCF underpins working capital, funds ongoing field development, and reduces near-term dependence on external financing for operations over the next several months.
Read all positive factors
Condor Energies (CDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$275.03M
Dividend YieldN/A
Average Volume (3M)47.69K
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth5.03%
EPS Growth-176.53%
CountryCA
Employees194
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.11
Shares Outstanding80,183,520
10 Day Avg. Volume21,369
30 Day Avg. Volume47,694
Financial Highlights & Ratios
PEG Ratio2.54
Price to Book (P/B)11.09
Price to Sales (P/S)1.89
P/FCF Ratio-4.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$4.75Price Target Upside75.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$75.17M
Condor Energies Business Overview & Revenue Model
Company Description
Condor Energies Inc. is an oil and gas firm primarily involved in discovering, developing, and producing hydrocarbon resources across Turkey and Kazakhstan. It maintains full ownership of the Poyraz Ridge and Destan operating licenses, both locate...
How the Company Makes Money
null...
Condor Energies Financial Statement Overview
Summary
Income Statement
53
Neutral
Balance Sheet
41
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.47M | 69.54M | 66.63M | 552.00K | 3.61M | 883.00K |
| Gross Profit | 16.77M | 17.16M | 22.26M | -5.21M | 1.47M | -3.33M |
| EBITDA | 22.83M | 20.20M | 14.95M | -9.06M | -1.98M | -7.78M |
| Net Income | -7.40M | -4.21M | -4.07M | -11.39M | -3.06M | -11.33M |
Balance Sheet | ||||||
| Total Assets | 108.18M | 98.42M | 66.61M | 6.77M | 10.06M | 8.70M |
| Cash, Cash Equivalents and Short-Term Investments | 9.84M | 18.52M | 27.84M | 5.04M | 3.75M | 4.62M |
| Total Debt | 32.34M | 30.39M | 13.19M | 5.55M | 192.00K | 0.00 |
| Total Liabilities | 86.14M | 76.61M | 45.55M | 9.30M | 3.77M | 3.68M |
| Stockholders Equity | 10.26M | 11.86M | 13.33M | -2.53M | 6.30M | 5.02M |
Cash Flow | ||||||
| Free Cash Flow | -44.22M | -30.99M | -2.92M | -5.57M | -4.88M | -6.19M |
| Operating Cash Flow | 24.12M | 22.32M | 5.36M | -5.35M | -3.17M | -6.10M |
| Investing Cash Flow | -56.64M | -45.43M | -7.35M | -1.08M | -1.21M | -2.00M |
| Financing Cash Flow | 14.96M | 14.31M | 24.11M | 7.72M | 3.41M | 356.00K |
Condor Energies Technical Analysis
Positive
2.70
Price Trends
2.88
Positive
2.63
Positive
2.22
Positive
Market Momentum
0.07
Negative
70.89
Negative
88.31
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CDR, the sentiment is Positive. The current price of 2.7 is below the 20-day moving average (MA) of 2.79, below the 50-day MA of 2.88, and above the 200-day MA of 2.22, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 70.89 is Negative, neither overbought nor oversold. The STOCH value of 88.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CDR.
Condor Energies 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% | |
64 Neutral | C$128.83M | 8.76 | 2.46% | ― | -12.46% | -37.81% | |
62 Neutral | C$126.34M | 9.62 | -37.75% | 0.66% | 76.61% | ― | |
56 Neutral | C$189.72M | -7.94 | -4.63% | ― | -11.05% | -1520.04% | |
54 Neutral | C$361.72M | -257.18 | -4.77% | ― | ― | 95.40% | |
53 Neutral | C$275.03M | -31.46 | -62.25% | ― | 5.03% | -176.53% | |
45 Neutral | C$104.01M | -1.10 | -10.07% | ― | 198.86% | -1237.72% |
* Energy Sector Average
TSE:CDR
Condor Energies
3.43
1.53
80.53%
TSE:QEC
Questerre
0.23
-0.06
-21.77%
TSE:YGR
Yangarra Resources
1.22
0.19
18.45%
TSE:BNE
Bonterra Energy
5.26
1.66
46.11%
TSE:EOG
Eco Atlantic Oil & Gas
1.04
0.87
494.29%
TSE:TPL
Tethys Petroleum
1.10
-0.01
-0.90%
Condor Energies Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Condor Energies Upsizes Bought-Deal Financing to $26 Million for Uzbekistan Gas Expansion
Positive
Apr 14, 2026
Condor Energies has upsized its previously announced bought-deal public offering to raise gross proceeds of $26 million, reflecting stronger investor demand for its equity financing. The company has also granted underwriters an option for addition...
Business Operations and StrategyPrivate Placements and Financing
Condor Energies launches $15 million bought deal to fund Uzbek gas expansion
Positive
Apr 14, 2026
Condor Energies has launched a bought deal public offering of 5,770,000 common shares at $2.60 per share, aiming to raise about $15 million, with an over-allotment option that could add roughly $2.25 million. Net proceeds are earmarked primarily f...
Business Operations and StrategyFinancial Disclosures
Condor Energies Hits Record 14,000 boe/d Output in Uzbekistan on New Kumli Well
Positive
Apr 13, 2026
Condor Energies has set a new production record in Uzbekistan, surpassing 14,000 boe/d after bringing its Kumli-46 horizontal gas well onstream. The well, which initially peaked at 18.3 MMscf/d, has boosted corporate output by about 32% versus the...
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.