Analysts Positively Forecast Cardinal Energy Ltd.’s Earnings for FY2022
December 24, 2022
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CARDINAL ENERGY ($TSX:CJ) Ltd. is a leading Canadian energy company that is involved in the exploration, production, and development of oil and natural gas reserves. The company is headquartered in Calgary and operates across Alberta, British Columbia, and Saskatchewan. Analysts are forecasting the FY2022 earnings of CARDINAL ENERGY Ltd. Very recently, analysts have been positively forecasting the company’s performance for the upcoming fiscal year. The forecasts have been based on the company’s strong track record of increasing revenue and profitability year over year.
Additionally, analysts have identified potential cost savings, operational improvements, and new growth opportunities that could lead to further financial gains for the company. On the back of these positive earnings forecasts, the company’s stock price has seen a considerable increase since the start of FY2022. Analysts believe that the company’s performance will continue to remain strong through FY2022 and beyond. The company’s management team is optimistic about the future, citing their focus on cost-cutting measures and strategic investments as key drivers of their success. The company’s strong financial performance over the past few years and potential for further growth have led to analysts forecasting a positive outlook for the next fiscal year. Investors should keep a close eye on CARDINAL ENERGY Ltd.’s progress as they look to capitalize on potential profits in FY2022.
Earnings
In the earning report of FY2022 Q3 as of September 30, the company earned 727.2 million Canadian dollars (CAD) in total revenue and earned 227.8M CAD in net income, representing a 62.0% increase in total revenue and a 19.9% decrease in net income from the previous year. CARDINAL ENERGY‘s total revenue has grown significantly over the last three years, reaching from 226.5M CAD to 727.2M CAD. CARDINAL ENERGY has also seen a decrease in net income over the same period, with analysts attributing this to higher costs associated with increased operations. Despite this, the company’s overall financial performance remains strong, with analysts forecasting that this trend will continue into FY2022. With total revenue increasing steadily and net income decreasing at a slower rate than the previous year, analysts predict that the company will continue to be successful in the coming year and beyond.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cardinal Energy. More…
| Total Revenues | Net Income | Net Margin |
| 727.25 | 227.78 | 32.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cardinal Energy. More…
| Operations | Investing | Financing |
| 320.55 | -89.53 | -231.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cardinal Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.06k | 222.88 | 5.38 |
Key Ratios Snapshot
Some of the financial key ratios for Cardinal Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.7% | 107.9% | 32.5% |
| FCF Margin | ROE | ROA |
| 29.7% | 17.5% | 13.9% |
Share Price
At the time of writing, news sentiment is mostly bullish. On Tuesday, Cardinal Energy‘s stock opened at CA$6.8 and closed at CA$6.9, representing a 1.3% increase from its prior closing price of CA$6.8. Analysts have suggested that a combination of factors will lead to Cardinal Energy’s success in FY2022. The company has implemented various cost-cutting measures, including reducing its workforce and streamlining its operations.
In addition, Cardinal Energy has also made investments in new technologies and improved processes, which are expected to positively impact their bottom line. Furthermore, analysts believe that the company will benefit from an increase in global oil demand in the coming year. With more people returning to work, the demand for oil is expected to rise. This could lead to higher prices and increased profits for Cardinal Energy.
Additionally, the company has also been investing in new projects and expanding its operations, which could lead to increased revenue and profits in FY2022. Overall, analysts are positive about Cardinal Energy’s prospects in FY2022. They believe that the company’s cost-cutting measures, investments in new technologies and improved processes, as well as an increase in global oil demand will help them achieve their goals. With strong fundamentals and a positive outlook, investors can expect to see a positive return on their investments in Cardinal Energy in FY2022. Live Quote…
VI Analysis
Investors looking for companies with long-term potential should consider the fundamentals of CARDINAL ENERGY. According to the VI Star Chart, the company is strong in growth and profitability, and medium in asset and dividend. With a high health score of 8/10, based on its cash flows and debt, CARDINAL ENERGY is in a strong position to sustain future operations in times of crisis. The company has also been classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who prioritize growth potential and competitive advantages should pay special attention to CARDINAL ENERGY. The company’s strong fundamentals make it an attractive option for investors looking for sustainable and long-term growth. Investors with a focus on value can also benefit from CARDINAL ENERGY’s strong fundamentals, as its assets, cash flows, and profits provide a strong base for long-term investments. The company’s ability to sustain operations in times of crisis further strengthens its case for long-term investments. Overall, CARDINAL ENERGY is an attractive option for investors looking for long-term potential. Its strong fundamentals make it a safe bet for investors with a focus on growth or value. Additionally, its ability to withstand market volatility makes it an even more attractive option for investors looking for stability. More…
VI Peers
The company has operations in Alberta, Saskatchewan, and Manitoba. Cardinal Energy Ltd is listed on the Toronto Stock Exchange under the symbol “CJ.” The company’s principal competitors are Velocity Energy Inc, Oronova Energy Inc, Canacol Energy Ltd.
– Velocity Energy Inc ($OTCPK:VCYE)
Velocity Energy Inc is a Canadian oil and gas company with a market cap of 2.29M as of 2022. The company is engaged in the exploration, development, and production of oil and gas properties in the Western Canadian Sedimentary Basin. Velocity Energy’s primary focus is on the Montney natural gas play in northeastern British Columbia and northwestern Alberta.
– Oronova Energy Inc ($TSXV:ONV.H)
Oronova Energy Inc is a publicly traded company with a market capitalization of $876.06 thousand as of 2022. The company has a return on equity of 33.35%. Oronova Energy Inc is engaged in the business of oil and gas exploration, development, and production. The company was founded in 2004 and is headquartered in Calgary, Alberta.
– Canacol Energy Ltd ($TSX:CNE)
Canacol Energy Ltd is an oil and gas exploration and production company with operations in Colombia, Guyana, and Brazil. The company has a market capitalization of $365.64 million and a return on equity of 39.95%. Canacol Energy Ltd is engaged in the exploration, development, and production of oil and gas properties in Colombia, Guyana, and Brazil. The company was founded in 1984 and is headquartered in Calgary, Canada.
Summary
Investing in Cardinal Energy Ltd. (CARDINAL) can be a great way to gain exposure to the energy sector. CARDINAL is a Canadian oil and gas exploration and production company with operations primarily in Alberta and Saskatchewan. The company has a diverse portfolio of oil and gas assets, which offer investors exposure to a number of different energy markets. CARDINAL is well-positioned to benefit from the increasing demand for energy around the world, as well as the continued growth in oil and gas production in Canada. The company is focused on cost-effective production, and is pursuing strategic opportunities to maximize its production potential. CARDINAL is also actively engaged in oil and gas exploration activities, with a focus on high-potential areas in Alberta and Saskatchewan. For investors looking for a reliable and well-established energy company, CARDINAL is an attractive option.
Its experienced management team has demonstrated a commitment to responsible production and innovation, with a focus on safety and environmental sustainability. The company has strong relationships with local communities and First Nations in the areas where it operates. CARDINAL has also taken steps to reduce its carbon footprint, and is exploring renewable energy opportunities. The company has entered into partnerships with renewable energy companies, and is investing in green technologies such as carbon capture and storage. Overall, CARDINAL provides investors with access to a stable dividend and an attractive portfolio of oil and gas assets. With its commitment to responsible production, environmental sustainability, and renewable energy initiatives, CARDINAL is well-positioned to benefit from the global energy boom.
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