- Canada
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- Oil and Gas
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- TSX:CJ
Cardinal Energy First Quarter 2024 Earnings: EPS: CA$0.11 (vs CA$0.10 in 1Q 2023)
Cardinal Energy (TSE:CJ) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$114.7m (up 3.8% from 1Q 2023).
- Net income: CA$16.8m (up 2.6% from 1Q 2023).
- Profit margin: 15% (in line with 1Q 2023).
- EPS: CA$0.11 (up from CA$0.10 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cardinal Energy Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Cardinal Energy is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:CJ
Cardinal Energy
Engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan.
Undervalued with adequate balance sheet.