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88 Energy
(Sydney:88E)
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Rating:41Neutral
Price Target:
AU$0.02
▼(-5.00% Downside)
Action:Reiterated
Date:06/27/26
The score is held down primarily by very weak financial performance (no meaningful revenue, recurring losses, and persistent cash burn alongside a shrinking equity base). Technicals add further pressure with price below all major moving averages and negative MACD, indicating weak momentum. Valuation provides only limited support because the negative P/E reflects ongoing losses and there is no dividend yield data.
Positive Factors
Low reported leverage
No reported debt across recent years materially reduces near‑term solvency pressure for an exploration firm. This durable balance sheet feature provides flexibility to pursue farm-outs, staged exploration and partner deals without immediate debt service constraints.
Negative Factors
Lack of revenue and persistent losses
The company reports essentially no operating revenue and sustained net losses, indicating it has not yet converted exploration activity into commercial cash generation. Over months this limits internal funding capacity and heightens reliance on external capital or asset disposals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low reported leverage
No reported debt across recent years materially reduces near‑term solvency pressure for an exploration firm. This durable balance sheet feature provides flexibility to pursue farm-outs, staged exploration and partner deals without immediate debt service constraints.
Read all positive factors
88 Energy (88E) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$25.29M
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth-62.06%
CountryAU
Employees10
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,330,953,000
10 Day Avg. Volume1,369,830
30 Day Avg. Volume1,086,866
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.29
Price to Sales (P/S)0.00
P/FCF Ratio-6.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
88 Energy Business Overview & Revenue Model
Company Description
88 Energy Limited, an Australian company established in 1996 and based in Subiaco, is dedicated to exploring for oil and gas properties primarily within the United States, with a significant focus on Alaska's North Slope. The company holds various...
How the Company Makes Money
88 Energy’s business model is typical of an upstream exploration-focused company: it seeks to create value by making hydrocarbon discoveries and then monetising those interests through farming-out (selling a portion of an asset to a partner), join...
88 Energy Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 2.50K | 4.45K |
| Gross Profit | -90.72K | -79.05K | -64.23K | -60.31K | 4.36M |
| EBITDA | -4.52M | -31.28M | -16.04M | -73.98M | -1.13M |
| Net Income | -52.91M | -32.82M | -14.44M | -70.72M | -2.41M |
Balance Sheet | |||||
| Total Assets | 87.98M | 148.99M | 156.53M | 133.03M | 145.78M |
| Cash, Cash Equivalents and Short-Term Investments | 6.82M | 7.20M | 18.18M | 14.12M | 32.32M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 362.67K | 356.79K | 840.04K | 1.35M | 5.94M |
| Stockholders Equity | 87.62M | 148.64M | 155.69M | 131.68M | 139.84M |
Cash Flow | |||||
| Free Cash Flow | -3.91M | -28.73M | -35.29M | -188.20M | -47.44M |
| Operating Cash Flow | -3.91M | -3.41M | -5.38M | -135.55M | -5.65M |
| Investing Cash Flow | 4.07M | -17.38M | -23.67M | -57.84M | 3.15M |
| Financing Cash Flow | 0.00 | 9.03M | 33.09M | 43.90M | 19.09M |
88 Energy Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
48.72
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:88E, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:88E.
88 Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$36.42M | 13.51 | 2.91% | ― | 14.68% | -3.39% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | AU$28.77M | 2.61 | 30.01% | ― | -17.90% | ― | |
45 Neutral | AU$17.02M | -40.00 | -6.67% | ― | ― | -283.33% | |
44 Neutral | AU$41.94M | -17.78 | -14.52% | ― | ― | ― | |
43 Neutral | AU$14.95M | -1.64 | -35.17% | ― | ― | 64.71% | |
41 Neutral | AU$25.29M | -0.42 | -50.55% | ― | ― | -62.06% |
* Energy Sector Average
AU:88E
88 Energy
0.02
>-0.01
-17.39%
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Buru Energy
0.01
-0.01
-52.17%
AU:MAY
Melbana Energy Limited
0.01
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-54.55%
AU:OEL
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―
―
―
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Brookside Energy
0.39
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AU:TDO
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88 Energy Corporate Events
88 Energy outlines technical framework and risks for South Prudhoe Augusta-1 well
Jul 5, 2026
88 Energy has released a technical presentation outlining the framework for its South Prudhoe Augusta-1 exploration well, providing investors with an overview of its petroleum prospects and associated resource reporting. The document emphasises th...
88 Energy Grants 7 Million Performance Rights to Director Joanne Williams
May 27, 2026
88 Energy has disclosed a change in director Joanne Williams’ interests, following the issue of 7,000,000 performance rights to her. These performance rights, which carry vesting conditions and were issued for no cash consideration, mark her...
88 Energy Issues 61.25 Million Unquoted Performance Rights Under Incentive Scheme
May 27, 2026
88 Energy Limited has notified the market of the issuance of 61,250,000 unquoted performance rights under its employee incentive scheme. The rights, identified under the ASX security code 88EAA, are subject to transfer restrictions and will not be...
88 Energy Issues New Tranche of Unlisted Options and Warrants
May 27, 2026
88 Energy Limited has notified the market of the issuance of 24,885,059 unlisted options and 4,048,702 warrants, both unquoted securities that are not intended to be listed on the ASX. The issuance, executed on May 27, 2026, forms part of previous...
88 Energy Issues New Tranche of Unquoted Options and Warrants
May 27, 2026
88 Energy Limited has notified the market of the issue of a substantial tranche of new unquoted equity securities, comprising 74,655,158 unlisted options and 12,146,105 warrants, both dated 27 May 2026. The instruments, which are not intended to b...
88 Energy Wins Strong Shareholder Backing at AGM, Secures Capital-Raising Flexibility
May 26, 2026
88 Energy shareholders approved all resolutions put to the company’s annual general meeting on 26 May 2026, including the remuneration report, director re-election, additional placement capacity and multiple issues of performance rights, opt...
88 Energy Secures Low-Cost 20% Stake in Namibia’s PEL 93 After Farm-In Revision
May 10, 2026
88 Energy has secured an unconditional 20% working interest in Namibia’s onshore PEL 93 after amending its farm-in agreement with operator Monitor Exploration, eliminating remaining earn-in conditions and future funding obligations under lat...
88 Energy Secures Rig for High-Priority Augusta-1 Well on Alaska’s North Slope
May 7, 2026
88 Energy has secured Nordic-Calista Services’ Rig-3 to drill the Augusta-1 exploration well in its South Prudhoe acreage on Alaska’s North Slope, a key operational milestone ahead of a planned Q1 2027 winter drilling campaign. The mod...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.