Cardinal Energy J (TSE:CJ)
TSX:CJ
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Cardinal Energy
(TSX:CJ)
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Rating:62Neutral
Price Target:
C$11.50
▲(6.09% Upside)
Action:Downgraded
Date:05/09/26
The score is driven primarily by stable but cooling financials (cash generation and moderate leverage offset by sharply weaker margins/returns and reported revenue decline). Technicals add support with a strong uptrend and positive momentum indicators, while valuation is a constraint due to the high P/E despite a strong dividend yield.
Positive Factors
Cash generation
Cardinal's substantial trailing-twelve-month operating cash flow (~$188M) and positive free cash flow (~$81M) provide durable internal funding for dividends, maintenance capex and selective growth projects. This level of cash generation supports resilience through commodity cycles and gives management flexibility in capital allocation over the medium term.
Negative Factors
Net margin compression
A collapse in net margin to around 4% markedly reduces retained earnings and return on equity, limiting internal funding for growth or higher distributions. If this compressed profitability persists, the company may need to curtail reinvestment or adjust payout strategy, weakening long-term return prospects and strategic optionality.
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Positive Factors
Negative Factors
Cash generation
Cardinal's substantial trailing-twelve-month operating cash flow (~$188M) and positive free cash flow (~$81M) provide durable internal funding for dividends, maintenance capex and selective growth projects. This level of cash generation supports resilience through commodity cycles and gives management flexibility in capital allocation over the medium term.
Read all positive factors
Cardinal Energy (CJ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.92B
Dividend Yield8.25%
Average Volume (3M)897.55K
Price to Earnings (P/E)193.3
Beta (1Y)0.43
Revenue Growth-8.46%
EPS Growth-91.52%
CountryCA
Employees177
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.06
Shares Outstanding175,930,560
10 Day Avg. Volume1,053,157
30 Day Avg. Volume897,546
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.67
Price to Sales (P/S)3.17
P/FCF Ratio10.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$13.33Price Target Upside23.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1
Revenue Forecast (FY)C$726.50M
Cardinal Energy Business Overview & Revenue Model
Company Description
Cardinal Energy Ltd. is an energy company focused on the acquisition, exploration, and production of diverse oil types—including light, medium, and heavy crude known for their stable, low-decline characteristics—along with natural gas resources ac...
How the Company Makes Money
Cardinal Energy primarily makes money by producing and selling hydrocarbons. Its main revenue stream is the sale of crude oil to market (typically priced off Canadian benchmarks such as WTI-derived local pricing), supplemented by sales of natural ...
Cardinal Energy Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
66
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 485.11M | 439.43M | 611.12M | 481.12M | 741.84M | 448.75M |
| Gross Profit | 180.66M | 120.82M | 392.29M | 265.00M | 489.37M | 286.82M |
| EBITDA | 223.84M | 206.59M | 252.94M | 253.64M | 410.56M | 385.95M |
| Net Income | 10.14M | 20.80M | 108.35M | 103.60M | 302.69M | 284.42M |
Balance Sheet | ||||||
| Total Assets | 1.40B | 1.36B | 1.30B | 1.19B | 1.16B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 0.00 | 4.88M | 4.09M | 3.73M | 3.51M |
| Total Debt | 169.90M | 243.03M | 90.31M | 50.10M | 35.77M | 157.59M |
| Total Liabilities | 469.85M | 521.74M | 378.72M | 267.16M | 229.64M | 356.60M |
| Stockholders Equity | 925.38M | 835.47M | 918.26M | 920.69M | 925.37M | 719.23M |
Cash Flow | ||||||
| Free Cash Flow | 80.10M | 128.48M | 144.26M | 125.83M | 216.61M | 68.72M |
| Operating Cash Flow | 188.20M | 206.82M | 247.54M | 230.26M | 337.26M | 125.12M |
| Investing Cash Flow | -229.12M | -241.94M | -163.97M | -114.64M | -116.18M | -46.57M |
| Financing Cash Flow | 40.92M | 35.12M | -83.57M | -115.63M | -221.08M | -78.55M |
Cardinal Energy Technical Analysis
Neutral
10.84
Price Trends
11.79
Negative
11.01
Negative
9.56
Positive
Market Momentum
-0.32
Positive
41.94
Neutral
47.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CJ, the sentiment is Neutral. The current price of 10.84 is below the 20-day moving average (MA) of 11.36, below the 50-day MA of 11.79, and above the 200-day MA of 9.56, indicating a neutral trend. The MACD of -0.32 indicates Positive momentum. The RSI at 41.94 is Neutral, neither overbought nor oversold. The STOCH value of 47.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CJ.
Cardinal Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$2.12B | 8.36 | 9.34% | 8.48% | -14.73% | 123.98% | |
66 Neutral | C$907.29M | 129.86 | 1.01% | 7.59% | -12.78% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | C$1.92B | 193.27 | 1.14% | 8.25% | -8.46% | -91.52% | |
62 Neutral | C$2.27B | 36.30 | 9.84% | ― | 54.45% | 189.64% | |
59 Neutral | C$1.75B | 38.85 | 3.96% | ― | 14.75% | -15.94% |
* Energy Sector Average
TSE:CJ
Cardinal Energy
10.92
4.65
74.27%
TSE:SGY
Surge Energy
9.22
3.47
60.43%
TSE:KEL
Kelt Exploration
8.61
1.27
17.30%
TSE:PXT
Parex Resources
22.05
9.11
70.39%
TSE:SDE
Spartan Delta
11.21
7.40
194.23%
Cardinal Energy Corporate Events
Business Operations and StrategyDividends
Cardinal Energy Declares April Monthly Dividend, Underscoring Income Focus
Positive
Apr 13, 2026
Cardinal Energy Ltd. said it will pay a monthly dividend of $0.06 per common share for April, with payment scheduled for May 15, 2026 to shareholders of record on April 30, 2026. The cash dividend, designated as an eligible dividend for Canadian t...
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.