Condor Energies (TSE:CDR)
TSX:CDR
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Condor Energies
(TSX:CDR)
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Rating:54Neutral
Price Target:
C$2.50
▲(0.81% Upside)
Action:ReiteratedDate:03/25/26
The score is held back primarily by financial risk factors—persistent net losses, higher leverage, and continued negative free cash flow—despite a meaningful operational rebound. Technicals are a key offset, showing strong upward momentum with the stock well above major moving averages, though momentum indicators look stretched. Valuation remains weak due to the negative P/E and lack of dividend support.
Positive Factors
Strategic asset focus
Condor’s clear strategic focus on natural gas and associated liquids in Central Asia and its upstream/midstream approach provide durable exposure to resource development and multiple value-capture points. This specialization supports repeatable project pipelines and long-term sector relevance in gas markets.
Negative Factors
Elevated leverage
Leverage increased materially, leaving the company with limited balance-sheet flexibility. A debt-to-equity near 2.6x amplifies refinancing and covenant risk and makes the business more vulnerable to operational setbacks; sustained profitability and cash flow are needed to de-risk capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic asset focus
Condor’s clear strategic focus on natural gas and associated liquids in Central Asia and its upstream/midstream approach provide durable exposure to resource development and multiple value-capture points. This specialization supports repeatable project pipelines and long-term sector relevance in gas markets.
Read all positive factors
Condor Energies (CDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$169.58M
Dividend YieldN/A
Average Volume (3M)47.69K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth82.57%
EPS Growth49.97%
CountryCA
Employees194
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.03
Shares Outstanding68,378,784
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)C$75.17M
Condor Energies Business Overview & Revenue Model
Company Description
Condor Energies Inc., an oil and gas company, engages in the exploration, development, and production of oil and gas properties in Turkey and Kazakhstan. It owns 100% interests in the Poyraz Ridge and Destan operating licenses located in the Galli...
How the Company Makes Money
null...
Condor Energies Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
38
Negative
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.54M | 66.63M | 552.00K | 3.61M | 883.00K |
| Gross Profit | 17.16M | 22.26M | -5.21M | 1.47M | -3.33M |
| EBITDA | 20.20M | 14.95M | -9.06M | -1.98M | -7.78M |
| Net Income | -4.21M | -4.07M | -11.39M | -3.06M | -11.33M |
Balance Sheet | |||||
| Total Assets | 98.42M | 66.61M | 6.77M | 10.06M | 8.70M |
| Cash, Cash Equivalents and Short-Term Investments | 18.52M | 27.84M | 5.04M | 3.75M | 4.62M |
| Total Debt | 30.39M | 13.19M | 5.55M | 192.00K | 0.00 |
| Total Liabilities | 76.61M | 45.55M | 9.30M | 3.77M | 3.68M |
| Stockholders Equity | 11.86M | 13.33M | -2.53M | 6.30M | 5.02M |
Cash Flow | |||||
| Free Cash Flow | -30.99M | -2.92M | -5.57M | -4.88M | -6.19M |
| Operating Cash Flow | 22.32M | 5.36M | -5.35M | -3.17M | -6.10M |
| Investing Cash Flow | -45.43M | -7.35M | -1.08M | -1.21M | -2.00M |
| Financing Cash Flow | 14.31M | 24.11M | 7.72M | 3.41M | 356.00K |
Condor Energies Technical Analysis
Positive
2.48
Price Trends
1.98
Positive
1.90
Positive
1.83
Positive
Market Momentum
0.15
Negative
66.47
Neutral
76.69
Neutral
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 2.48 is above the 20-day moving average (MA) of 2.09, above the 50-day MA of 1.98, and above the 200-day MA of 1.83, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 66.47 is Neutral, neither overbought nor oversold. The STOCH value of 76.69 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | C$145.61M | 7.07 | 2.57% | ― | -12.46% | -49.29% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | C$148.19M | 14.68 | -37.75% | 0.66% | 12.23% | -424.88% | |
56 Neutral | C$328.55M | 31.91 | -2.71% | ― | ― | 86.19% | |
55 Neutral | C$248.15M | -9.66 | -3.24% | ― | -9.55% | -154.04% | |
54 Neutral | C$169.58M | -31.23 | -38.07% | ― | 82.57% | 49.97% | |
47 Neutral | C$117.84M | -6.76 | -10.07% | ― | 19.15% | 43.88% |
* Energy Sector Average
TSE:CDR
Condor Energies
2.48
0.72
40.91%
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Condor Energies Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Condor Energies Boosts Uzbekistan Output and Advances LNG Strategy
Positive
Mar 20, 2026
Condor Energies reported a strong 2025, with Uzbekistan production averaging 10,484 boe/d and climbing to 12,622 boe/d in March 2026 as new horizontal and vertical wells boosted output and sales. A multi-well drilling program, planned field booste...
Business Operations and Strategy
Condor Extends Kumli Field as High-Rate Well Boosts Uzbek Gas Ambitions
Positive
Feb 17, 2026
Condor Energies has extended the productive limits of Uzbekistan’s Kumli Northwest gas field after its Kumli-45 vertical well tested at a stabilized rate of 5.3 million cubic feet per day. The well encountered higher-than-expected reservoir ...
Business Operations and StrategyM&A Transactions
Condor Energies Advances Record-Setting Uzbek Drilling and Exits Turkish Gas Assets via Royalty Deal
Positive
Jan 29, 2026
Condor Energies has reported a significant milestone in its Uzbekistan drilling campaign, with its second well, Andakli-21, reaching total depth and setting a national record for the longest horizontal section drilled in the country. The well inte...
Business Operations and StrategyFinancial Disclosures
Condor Energies Ramps Up Uzbekistan Drilling as Output Edges Higher
Positive
Jan 12, 2026
Condor Energies reported a 5.6% quarter-on-quarter increase in average daily production to 10,534 boepd in Q4 2025 and a 7.6% month-on-month rise in December output, driven largely by successful well workover programs in Uzbekistan, while full-yea...
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.