Omega Oil & Gas Limited (AU:OMA)
ASX:OMA
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Omega Oil & Gas Limited
(Sydney:OMA)
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Rating:52Neutral
Price Target:
AU$1.00
▲(11.11% Upside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by weak financial performance (recurring losses and negative operating cash flow), partially offset by a very strong low-debt balance sheet. Technicals are supportive with a clear uptrend, but momentum is stretched (high RSI), and valuation remains unattractive due to negative earnings and no dividend support.
Positive Factors
Low Leverage / Strong Balance Sheet
Extremely low leverage gives the company durable financial flexibility for an exploration business: it reduces insolvency risk, supports funding new drilling or seismic programs without heavy interest burden, and improves bargaining power for JV or farm-out deals.
Negative Factors
Persistent Net Losses
Ongoing net losses mean the business cannot self-fund growth or return capital; persistent negative returns erode shareholder value and necessitate external financing. Over time this can force dilutive equity raises or constrain project timelines and long-term strategic investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Extremely low leverage gives the company durable financial flexibility for an exploration business: it reduces insolvency risk, supports funding new drilling or seismic programs without heavy interest burden, and improves bargaining power for JV or farm-out deals.
Read all positive factors
Omega Oil & Gas Limited (OMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$491.53M
Dividend YieldN/A
Average Volume (3M)980.49K
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue GrowthN/A
EPS Growth-162.50%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding468,122,300
10 Day Avg. Volume1,001,260
30 Day Avg. Volume980,487
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.78
Price to Sales (P/S)0.00
P/FCF Ratio-35.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.93Price Target Upside3.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.01
Revenue Forecast (FY)AU$800.00K
Omega Oil & Gas Limited Business Overview & Revenue Model
Company Description
Omega Oil & Gas Limited, an energy and resources company, explores for and produces natural gas and oil. It holds two exploration permits, Authorities to Prospect 2037 and 2038; and Petroleum Lease 17, a petroleum lease in the Surat-Bowen Basin lo...
How the Company Makes Money
Omega Oil & Gas Limited generates revenue by exploring, developing, and producing oil and gas reserves. The company monetizes its hydrocarbon discoveries through the extraction and sale of crude oil and natural gas to domestic and international ma...
Omega Oil & Gas Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 78.45K | 0.00 | 0.00 |
| Gross Profit | -60.50K | -78.70K | -126.04K | 38.06K | -32.91K | 0.00 |
| EBITDA | -6.58M | -3.77M | -2.68M | -4.99M | -1.94M | -760.55K |
| Net Income | -5.78M | -3.86M | -2.22M | -5.34M | -2.01M | -2.09M |
Balance Sheet | ||||||
| Total Assets | 111.32M | 53.23M | 42.27M | 25.41M | 19.91M | 3.19M |
| Cash, Cash Equivalents and Short-Term Investments | 43.40M | 7.83M | 17.28M | 2.16M | 14.88M | 384.59K |
| Total Debt | 254.06K | 28.21K | 65.91K | 227.08K | 2.94M | 0.00 |
| Total Liabilities | 2.95M | 2.83M | 3.41M | 5.38M | 523.51K | 1.26M |
| Stockholders Equity | 108.37M | 50.40M | 38.86M | 20.03M | 19.39M | 1.93M |
Cash Flow | ||||||
| Free Cash Flow | 2.94M | -2.54M | -6.13M | -17.16M | -3.45M | -797.79K |
| Operating Cash Flow | 3.18M | -2.36M | -1.80M | -4.04M | -3.45M | -797.79K |
| Investing Cash Flow | -28.78M | -21.80M | -3.83M | -15.63M | 0.00 | -3.32M |
| Financing Cash Flow | 54.32M | 14.71M | 20.76M | 19.51M | 5.39M | 4.63M |
Omega Oil & Gas Limited Technical Analysis
Positive
0.90
Price Trends
0.63
Positive
0.52
Positive
0.44
Positive
Market Momentum
0.08
Negative
73.33
Negative
70.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OMA, the sentiment is Positive. The current price of 0.9 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.63, and above the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 73.33 is Negative, neither overbought nor oversold. The STOCH value of 70.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:OMA.
Omega Oil & Gas Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | AU$491.53M | -12.82 | -7.28% | ― | ― | -162.50% | |
47 Neutral | AU$5.75M | -2.99 | -29.94% | ― | ― | 71.78% | |
45 Neutral | AU$18.07M | -5.83 | -1.81% | ― | ― | 12.50% | |
44 Neutral | AU$3.43M | -0.25 | -43.43% | ― | -20.01% | 5.88% | |
44 Neutral | AU$6.84M | -4.09 | 3.55% | ― | -17.60% | ― |
* Energy Sector Average
AU:OMA
Omega Oil & Gas Limited
1.00
0.77
325.53%
AU:BLU
Blue Energy Limited
0.01
0.00
0.00%
AU:WEL
Winchester Energy Ltd
―
―
―
AU:SHE
Stonehorse Energy Ltd
0.01
0.00
0.00%
AU:KEY
Key Petroleum Limited
0.28
0.22
358.33%
Omega Oil & Gas Limited Corporate Events
Omega Oil & Gas Plans Major Share Placement to Boost Funding
Apr 23, 2026
Omega Oil Gas Limited, an ASX-listed oil and gas explorer and producer, has outlined plans to expand its capital base through a new share issue. The company is positioning itself to fund ongoing activities in the hydrocarbon sector and support it...
Omega Oil & Gas Plans Major Share Placement to Raise Capital
Apr 23, 2026
Omega Oil Gas Limited, an ASX-listed oil and gas company trading under the ticker OMA, focuses on upstream energy activities funded through issuances of ordinary fully paid shares. Its operations rely on periodic access to equity markets to maint...
Omega Oil & Gas Raises A$60m to Accelerate Taroom Trough Development
Apr 23, 2026
Omega Oil Gas Limited has secured A$60 million through an institutional placement, with strong backing from existing and new high-quality investors, to fund an upgraded 2026–27 drilling and appraisal program in the Taroom Trough. The streng...
Omega Oil & Gas Tightens Securities Trading Policy After Review
Apr 9, 2026
Omega Oil and Gas Limited has updated its Securities Trading Policy following a general review, making clarifications to sections dealing with short-term trading to align the policy with ASX Guidance Note 27. The move reflects the company’s ...
Omega Oil & Gas Plans Modest Share Placement on ASX
Apr 2, 2026
Omega Oil Gas Limited has notified the ASX of a proposed issue of up to 111,786 new ordinary fully paid shares under a placement or similar type of capital raising, with a planned issue date of 29 January 2027. The move signals a modest equity is...
Omega Oil & Gas Releases Interim Half-Year Financial Report
Mar 12, 2026
Omega Oil Gas Limited has released its interim financial report for the half year ended 31 December 2025, presenting consolidated financial statements in Australian dollars. The report, authorised by the board on 12 March 2026, includes key finan...
Omega secures H&P rig for expanded Taroom Trough drilling push
Mar 2, 2026
Omega Oil Gas has secured Helmerich Payne’s high-performance FlexRig 648 for an expanded, continuous drilling and appraisal campaign in the Taroom Trough over 2026–27. The contract covers three firm and six optional wells, enabling a...
Omega Oil & Gas Secures $10.56m R&D Refund to Fund 2026 Drilling Push
Mar 1, 2026
Omega Oil Gas has received a refundable RD tax offset of $10.56 million covering FY24 and FY25, significantly strengthening its balance sheet. The refund arises from the Australian Government’s RD Tax Incentive, under which smaller companie...
Omega expands Taroom Trough footprint with major new acreage award
Feb 9, 2026
Omega Oil Gas has been awarded a 750 square kilometre exploration block in Queensland’s Taroom Trough as operator of a joint venture with Tri-Star EP and Beach Energy, expanding its operated position north of its existing Potentially Commer...
Omega Oil & Gas Deepens Taroom Trough Exposure With Elixir Stake and Major 2026 Drilling Push
Jan 28, 2026
Omega Oil Gas has completed a $14.6 million investment in Elixir Energy, securing a 19.43% equity stake and nominating two directors to Elixir’s board, a move designed to expand its footprint and influence across the Taroom Trough and gain ...
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.