Cardinal Energy matched the quarterly EPS estimate of C$0.33. But its recent results show that meeting expectations doesn’t yet amount to a consistent earnings trend.
Cardinal Energy Ltd. (TSX: CJ, or CJ.TO) reported results after market close on November 5 for the quarter ended September 30, 2026. EPS came in at C$0.33, exactly matching the estimate. That’s a 0.0% surprise—not a beat. EPS was C$0.39 in the previous quarter, and the two quarters before that fell short of estimates. Based in Calgary, Cardinal produces oil and gas in Western Canada, so its results depend on both operations and energy-market conditions.
Recent earnings trend
Cardinal Energy Ltd
CJ.TO
CJ.TO
Cardinal Energy Ltd
WealthAwesomeMarket cap
$1.94B
P/E
18.1x
Div. yield
1.61%
Div. / share
$0.18
52W high
$13.63
52W low
$7.70
1W change
-10.10%
Beta
1.00
Analyst Price Targets
Based on analyst covering CJ · as of Nov 10, 2026
Wall Street analysts forecast CJ stock price to rise 32.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.64
+32.6% Upside
Previously C$14.86 on Nov 9, 2026
Current Price
C$11.04
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
38.1%
Annualized
90-Day Vol
35.1%
Annualized
Trend (90d)
-6.7%
Annualized drift
90d Mean
C$10.78
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.95 | C$9.60 – C$12.49 |
| 60 trading days | C$10.87 | C$9.02 – C$13.09 |
| 90 trading days | C$10.78 | C$8.59 – C$13.54 |
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: The result was steady, not a surprise. EPS matched estimates after a 45.5% miss in March and a larger miss in December. The available data doesn’t include quarterly revenue or margins, so it’s not enough to tell whether production economics improved. You can review the Cardinal Energy stock page, while keeping this estimate match in the context of the company’s recent earnings trend.
C$0.33 EPS, exactly in line
September-quarter EPS matched the C$0.33 estimate, resulting in a 0.00% surprise. Cardinal has had no beats in its last four comparable quarters: it missed twice, then matched estimates twice.
Bull case
Cardinal produces oil and gas in Western Canada, with a focus on developing and improving its fields. Its reported trailing EPS is C$0.61, and its profit margin is 17.75%. The average analyst price target of C$14.64 is 32.6% above the supplied last close of C$11.04. These figures provide a positive reference point, but they don’t guarantee future earnings or returns.
Bear case
Cardinal’s recent earnings record is mixed. It missed estimates in the March and December quarters, then matched them in June and September. The supplied share-price data shows declines of 10.1% over one week and 15.9% over one month. The last close was also below both the 50-day and 200-day moving averages. Changes in oil and gas prices or operations can affect results, but this earnings snapshot doesn’t provide enough detail to assess their impact on the latest quarter.
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