Cardinal Energy matched estimates for the third quarter. EPS came in at C$0.33, exactly in line with consensus.
Cardinal Energy Ltd. (TSX: CJ) reported results after markets closed on November 5 for the quarter ended September 30, 2026. EPS was C$0.33, matching the C$0.33 estimate, with no surprise. For Canadian investors, that’s a steady result, not an earnings beat. It also marks two quarters in a row that matched estimates, following misses in the first quarter of 2026 and fourth quarter of 2025. Cardinal is a Calgary-based oil and gas producer focused on Western Canada. Here’s what the results and available forecasts suggest for investors following CJ.TO.
Recent earnings trend
Cardinal Energy Ltd
CJ.TO
CJ.TO
Cardinal Energy Ltd
WealthAwesomeMarket cap
$1.96B
P/E
18.6x
Div. yield
1.63%
Div. / share
$0.18
52W high
$13.63
52W low
$7.70
1W change
-15.72%
Beta
1.00
Analyst Price Targets
Based on analyst covering CJ · as of Nov 9, 2026
Wall Street analysts forecast CJ stock price to rise 33.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.86
+33.2% Upside
Previously C$14.93 on Oct 29, 2026
Current Price
C$11.15
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CJ's historical volatility
30-Day Vol
38.2%
Annualized
90-Day Vol
35.2%
Annualized
Trend (90d)
-5.5%
Annualized drift
90d Mean
C$10.93
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$11.08 | C$9.71 – C$12.64 |
| 60 trading days | C$11.01 | C$9.14 – C$13.26 |
| 90 trading days | C$10.93 | C$8.70 – C$13.74 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-11 | — | 0.0700 | — |
| 2026-09-30 | 2026-11-05 | 0.3300 | 0.3300 | +0.0% |
| 2026-06-30 | 2026-07-28 | 0.3900 | 0.3900 | +0.0% |
| 2026-03-31 | 2026-05-07 | 0.0600 | 0.1100 | -45.5% |
| 2025-12-31 | 2026-03-12 | -0.1862 | 0.0900 | -306.9% |
| 2025-09-30 | 2025-11-06 | 0.0900 | 0.0800 | +12.5% |
Investor takeaway: Cardinal’s C$0.33 EPS matched consensus, extending its run of in-line results in the second and third quarters. Revenue and margins for the latest quarter weren’t provided, so EPS alone doesn’t show how production, realized prices or costs affected the result. One analyst’s forecast points to lower EPS and revenue next quarter compared with a year earlier. The average analyst price target is above the latest close, while Wealth Awesome’s statistical 90-day model is slightly below it. Neither forecast is guaranteed or investment advice.
C$0.33 EPS, exactly in line
Cardinal’s EPS for the September quarter matched the C$0.33 estimate, with no surprise. The company also met estimates in June, reporting EPS of C$0.39. The two earlier reported quarters missed estimates.
Bull case
Cardinal matched EPS estimates in its latest quarter. Its trailing 12-month EPS is C$0.60, and its profit margin is 17.75%. The average analyst price target of C$14.86 is 33.2% above the C$11.15 closing price. Cardinal’s Western Canadian oil and gas operations give investors exposure to energy prices and the company’s performance.
Bear case
Cardinal hasn’t beaten estimates in its last four comparable quarters, including two misses earlier in 2026. One analyst expects next-quarter EPS of C$0.08, down 11.1% from C$0.09 a year earlier, and revenue of C$134.10 million, down 11.2%. The shares also closed below their 50-day and 200-day moving averages, and the statistical 90-day forecast mean is below the current price.
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