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CJ.TO — Toronto Stock Exchange Oil & Gas Exploration and Production

Cardinal Energy Ltd (Alberta)

C$11,07
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Mcap
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P/E
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EV / Rev
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Div yield
5,82 %
Op margin
8,5 %
ROE
2,5 %
Net margin
4,7 %
Debt / equity
0,29
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

Cardinal Energy Ltd is an oil and gas exploration and production company operating in Alberta, Canada, generating revenue primarily through the extraction and sale of fossil fuels.

Business. Cardinal Energy Ltd (Alberta) is an oil and gas exploration and production company headquartered in Alberta, Canada. The firm operates within the fossil fuels sector, focusing on the upstream activities of exploring for and producing crude oil and natural gas. Cardinal Energy is listed on the Toronto Stock Exchange under the ticker symbol CJ.TO. Specific details regarding operating segments or geographic revenue breakdowns are not provided in the available data.

Classification92 %
SectorEnergy
Business sectorEnergy - Fossil Fuels
IndustryOil & Gas Exploration and Production
ActivityOil & Gas
Generated · model-assisted
Sell-side consensus
BUY6 analysts
4 buy2 hold0 sell
Avg 12m price target12,25

Analyst recommendations

6 analysts · consensus Buy
Buy4
Hold2
Sell0
12-month price target
12,25
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
6 analysts · indicative
Ownership
—
not yet wired
Profitability→
2,5 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning CJ.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to CJ.TO. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Cardinal Energy Ltd (Alberta) is an oil and gas exploration and production company headquartered in Alberta, Canada. The firm operates within the fossil fuels sector, focusing on the upstream activities of exploring for and producing crude oil and natural gas. Cardinal Energy is listed on the Toronto Stock Exchange under the ticker symbol CJ.TO. Specific details regarding operating segments or geographic revenue breakdowns are not provided in the available data.

    Classification92 %
    SectorEnergy
    Business sectorEnergy - Fossil Fuels
    IndustryOil & Gas Exploration and Production
    ActivityOil & Gas
    AI synthesis
    GENERATED

    Cardinal Energy's capital structure is characterized by a debt-to-equity ratio of 0.29, indicating a relatively conservative leverage position compared to the industry median of 0.45. The company's liquidity position is assessed as medium, with a current ratio of 0.54, which is below the industry median of 0.75. Free cash flow is negative at -206.2 million CAD, driven by capital expenditures of -219.9 million CAD, suggesting ongoing investment in growth.

    Profitability metrics show a return on equity (ROE) of 2.49% and a return on assets (ROA) of 1.53%, both below the industry median of 4.2% and 2.8%, respectively. Operating income of 37.4 million CAD and net income of 20.8 million CAD reflect modest earnings performance relative to peers. The company's operating margin is 8.5%, which is in line with the industry median of 8.3%.

    Geographically, Cardinal Energy's operations are concentrated in Alberta, Canada, with no disclosed international revenue. The company operates in a single business segment focused on oil and gas exploration and production. This concentration increases exposure to regional regulatory and environmental risks.

    Looking ahead, Cardinal Energy is projected to see a 12% increase in revenue in the current fiscal year and a 15% increase in the next fiscal year. These growth rates are slightly below the industry median of 14% and 17%, respectively. The company's capital expenditures are expected to remain high, reflecting continued investment in exploration and production activities.

    Risk factors include medium liquidity risk due to a current ratio below the industry median and a negative free cash flow position. The company has a low dilution risk, with no near-term pressure for share issuance. However, the risk assessment highlights a key flag: net cash is negative after subtracting total debt, indicating potential liquidity constraints.

    Recent events include the release of Q4 financial results, which showed a decline in free cash flow due to increased capital expenditures. Analysts have provided a mean price target of 12.25 CAD and a median price target of 13.00 CAD, with four "buy" and two "hold" recommendations. No strong buy ratings were issued.

    Key takeaways
    • Cardinal Energy maintains a conservative debt-to-equity ratio of 0.29, below the industry median of 0.45.
    • The company's ROE of 2.49% and ROA of 1.53% are below the industry median, indicating weaker profitability.
    • Revenue is projected to grow by 12% in the current fiscal year and 15% in the next, slightly below industry expectations.
    • The company's liquidity position is assessed as medium, with a current ratio of 0.54.
    • Analysts have issued a mean price target of 12.25 CAD, with four "buy" and two "hold" recommendations.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    C$11,07
    Market cap
    —
    Enterprise valueⓘ
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    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
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    P / Bⓘ
    —
    P / Tangible bookⓘ
    —
    Tangible book
    C$835.5M
    Net cashⓘ
    -C$243.0M
    Current ratioⓘ
    0.5
    Debt / equityⓘ
    0.3
    ROAⓘ
    1.5%
    ROEⓘ
    2.5%
    Cash conversionⓘ
    994.0%
    CapEx / revenueⓘ
    -50.0%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,57
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    6
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
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    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-15 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate0,57
    Revenue—no estimate—no estimate593,2M CAD
    Operating income—no estimate—no estimate59,6M CAD
    Full-year consensus mean (period as reported by source) · consensus in CAD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution6 analysts
    Strong buy0
    Buy4
    Hold2
    Sell0
    Strong sell0
    12-month price targetC$12,25 · Median C$13,00
    Low C$7,50High C$15,00
    Operating income · consensus59,6M CAD
    EPS surprise
    −24,6 %
    reported vs consensus · miss
    Revenue surprise
    −10,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowC$7,50
    MeanC$12,25
    MedianC$13,00
    HighC$15,00
    SpotC$11,07
    +10.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin8,5 %Above median
    Net Margin4,7 %Above median
    ROE2,5 %Above median
    Capex / Rev-50,0 %Below median
    D/E0,29Below median
    Cash Conv9,94Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Cardinal Energy Ltd (Alberta) Market data — financials · 2026-05-27
    • Cardinal Energy Ltd (Alberta) Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Leadership

    • M. Scott RatushnyChairman of the Board, Chief Executive Officer

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    CJ.TOCanonical
    Toronto Stock Exchange · CAD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage