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Cardinal Energy
(TSX:CJ)
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Rating:62Neutral
Price Target:
C$12.00
▲(4.44% Upside)
Action:Reiterated
Date:07/30/26
The score is primarily supported by financial stability (low leverage) and solid cash generation, with a constructive long-term price trend (above the 200-day average). The biggest constraint is valuation: the very high P/E weighs heavily despite the attractive dividend yield.
Positive Factors
Conservative leverage
A low TTM debt-to-equity (~0.18) and a large equity base give the company durable financial flexibility. This conservative balance sheet lowers refinancing and solvency risk through commodity cycles, enabling steady capex funding, opportunistic M&A, and support for distributions over the medium term.
Negative Factors
Weak net income conversion
Very low TTM net margin and ROE show most operating gains are eroded by non-operating items, taxes, or other charges. This persistent weak bottom-line conversion limits retained earnings, constrains returns to shareholders, and reduces the company’s ability to sustainably grow equity value over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A low TTM debt-to-equity (~0.18) and a large equity base give the company durable financial flexibility. This conservative balance sheet lowers refinancing and solvency risk through commodity cycles, enabling steady capex funding, opportunistic M&A, and support for distributions over the medium term.
Read all positive factors
Cardinal Energy (CJ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.06B
Dividend Yield6.11%
Average Volume (3M)897.55K
Price to Earnings (P/E)33.7
Beta (1Y)0.30
Revenue Growth17.51%
EPS Growth-35.86%
CountryCA
Employees177
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.35
Shares Outstanding175,663,990
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$14.25Price Target Upside24.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.09
Revenue Forecast (FY)C$701.00M
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
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 589.62M | 439.43M | 611.12M | 481.12M | 741.84M | 448.75M |
| Gross Profit | 260.29M | 120.82M | 392.29M | 265.00M | 489.37M | 286.82M |
| EBITDA | 303.68M | 206.59M | 252.94M | 253.64M | 410.56M | 385.95M |
| Net Income | 63.02M | 20.80M | 108.35M | 103.60M | 302.69M | 284.42M |
Balance Sheet | ||||||
| Total Assets | 1.43B | 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 | 135.43M | 243.03M | 90.31M | 50.10M | 35.77M | 157.59M |
| Total Liabilities | 463.32M | 521.74M | 378.72M | 267.16M | 229.64M | 356.60M |
| Stockholders Equity | 969.62M | 835.47M | 918.26M | 920.69M | 925.37M | 719.23M |
Cash Flow | ||||||
| Free Cash Flow | 105.54M | 128.48M | 144.26M | 125.83M | 216.61M | 68.72M |
| Operating Cash Flow | 259.50M | 206.82M | 247.54M | 230.26M | 337.26M | 125.12M |
| Investing Cash Flow | -180.16M | -241.94M | -163.97M | -114.64M | -116.18M | -46.57M |
| Financing Cash Flow | -79.34M | 35.12M | -83.57M | -115.63M | -221.08M | -78.55M |
Cardinal Energy Technical Analysis
Positive
11.49
Price Trends
11.04
Positive
11.34
Positive
10.10
Positive
Market Momentum
0.15
Negative
59.43
Neutral
92.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CJ, the sentiment is Positive. The current price of 11.49 is above the 20-day moving average (MA) of 11.30, above the 50-day MA of 11.04, and above the 200-day MA of 10.10, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 59.43 is Neutral, neither overbought nor oversold. The STOCH value of 92.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | C$2.06B | 33.68 | 6.96% | 6.27% | 17.51% | -35.86% | |
62 Neutral | C$2.70B | 36.96 | 10.71% | ― | 76.79% | 82.39% | |
61 Neutral | C$1.09B | 25.06 | 6.18% | 5.07% | 2.63% | -18.64% | |
60 Neutral | C$1.97B | 34.45 | 4.95% | ― | 30.30% | -24.69% | |
60 Neutral | C$2.68B | 3.49 | 27.68% | 6.53% | 13.63% | 361.28% |
* Energy Sector Average
TSE:CJ
Cardinal Energy
11.78
5.20
78.92%
TSE:SGY
Surge Energy
11.05
4.63
72.06%
TSE:KEL
Kelt Exploration
9.70
3.14
47.87%
TSE:PXT
Parex Resources
28.18
13.27
88.96%
TSE:SDE
Spartan Delta
12.89
8.15
171.94%
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.