Cardinal Energy J (TSE:CJ)
TSX:CJ
Want to see TSE:CJ full AI Analyst Report?
Top Page
Cardinal Energy
(TSX:CJ)
Select Model
Select Model
Rating:62Neutral
Price Target:
C$13.00
▲(19.93% 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
Liquids-weighted upstream business model
A portfolio concentrated in crude oil and liquids-rich production typically yields higher revenue per barrel and stronger cash margins versus pure gas exposure. Cardinal's operator role over producing wells and infrastructure gives operational control to sustain production and execute reserve-growth projects over the medium term.
Negative Factors
Sharply compressed profitability and returns
A dramatic decline in net margin and returns meaningfully reduces internal funds for growth and shareholder distributions. Sustained low profitability erodes ROE and limits the company's ability to reinvest in high-return projects, heightening sensitivity to commodity swings and constraining strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquids-weighted upstream business model
A portfolio concentrated in crude oil and liquids-rich production typically yields higher revenue per barrel and stronger cash margins versus pure gas exposure. Cardinal's operator role over producing wells and infrastructure gives operational control to sustain production and execute reserve-growth projects over the medium term.
Read all positive factors
Cardinal Energy (CJ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.25B
Dividend Yield8.25%
Average Volume (3M)897.55K
Price to Earnings (P/E)44.6
Beta (1Y)0.51
Revenue Growth-8.46%
EPS Growth-91.52%
CountryCA
Employees177
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.06
Shares Outstanding174,860,300
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)0.91
Revenue Forecast (FY)C$660.38M
Cardinal Energy Business Overview & Revenue Model
Company Description
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24,...
How the Company Makes Money
Cardinal Energy makes money primarily by producing and selling hydrocarbons—crude oil and natural gas liquids (NGLs) and natural gas—from its operated and non-operated upstream assets. Revenue is generated from (1) sales of crude oil and NGLs, typ...
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
10.37
Positive
9.50
Positive
8.38
Positive
Market Momentum
0.21
Positive
49.52
Neutral
35.24
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 11.11, above the 50-day MA of 10.37, and above the 200-day MA of 8.38, indicating a neutral trend. The MACD of 0.21 indicates Positive momentum. The RSI at 49.52 is Neutral, neither overbought nor oversold. The STOCH value of 35.24 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$2.60B | 104.50 | 13.39% | 8.48% | -14.73% | 123.98% | |
66 Neutral | C$1.00B | -9.41 | 5.47% | 7.59% | -12.78% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | C$2.25B | 44.59 | 1.14% | 8.25% | -8.46% | -91.52% | |
62 Neutral | C$2.82B | -47.96 | 9.84% | ― | 54.45% | 189.64% | |
59 Neutral | C$2.02B | 685.06 | 3.96% | ― | 14.75% | -15.94% |
* Energy Sector Average
TSE:CJ
Cardinal Energy
12.88
7.23
127.92%
TSE:SGY
Surge Energy
10.15
5.23
106.13%
TSE:KEL
Kelt Exploration
10.00
3.28
48.81%
TSE:PXT
Parex Resources
27.11
15.35
130.51%
TSE:SDE
Spartan Delta
14.07
11.04
364.36%
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...
Business Operations and StrategyDividendsFinancial Disclosures
Cardinal Energy Lifts Output on Reford SAGD as Lower Prices Squeeze Cash Flow
Neutral
Mar 12, 2026
Cardinal Energy reported record fourth-quarter 2025 production of 23,514 boe/d, driven by the Reford SAGD project entering its production phase and resilient conventional output, keeping annual production flat at 21,870 boe/d despite a 24% reducti...
Dividends
Cardinal Energy Declares March Cash Dividend
Positive
Mar 10, 2026
Cardinal Energy Ltd. has declared a monthly cash dividend of $0.06 per common share for March, payable on April 15, 2026, to shareholders of record as of March 31, 2026. The designation of the payout as an eligible dividend for Canadian tax purpos...
Business Operations and StrategyFinancial Disclosures
Cardinal Energy Lifts Proved Reserves on Thermal Growth, Eyes Further Upside
Positive
Feb 23, 2026
Cardinal Energy reported a 24% increase in total proved reserves for 2025, reflecting ongoing conversion of prior bookings into higher value categories and underlining the sustainability of its low-decline asset base. The company maintained a stro...
Business Operations and StrategyDividends
Cardinal Energy Declares February Cash Dividend
Positive
Feb 10, 2026
Cardinal Energy Ltd. has declared a monthly cash dividend of $0.06 per common share for February, payable on March 16, 2026, to shareholders of record as of February 27, 2026. The dividend, designated as an eligible dividend for Canadian tax purpo...
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.