Omega Oil & Gas Limited (AU:OMA)
ASX:OMA
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Omega Oil & Gas Limited
(Sydney:OMA)
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Rating:46Neutral
Price Target:
AU$0.60
▼(-33.56% Downside)
Action:Reiterated
Date:05/26/26
The score is held down primarily by weak financial performance (recurring losses and negative operating/free cash flow despite some improvement) and bearish technical signals (price below key moving averages with negative MACD). A strong, low-debt balance sheet provides support, but valuation is difficult to assess due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
A very low debt load and a materially larger equity base provide durable financial flexibility for an exploration company. This buffer reduces refinancing risk, supports funding of drilling and development activity over the next 2–6 months, and allows management to pursue value-accretive opportunities without immediate liquidity pressure.
Negative Factors
Persistent negative operating cash flow
Consistently negative operating cash flow indicates the core business has not yet reached self-sustaining operations. Over 2–6 months this implies continued reliance on external capital, potential dilution from equity raises, and constrained ability to accelerate development or respond to exploration opportunities without additional financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt load and a materially larger equity base provide durable financial flexibility for an exploration company. This buffer reduces refinancing risk, supports funding of drilling and development activity over the next 2–6 months, and allows management to pursue value-accretive opportunities without immediate liquidity pressure.
Read all positive factors
Omega Oil & Gas Limited (OMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$320.25M
Dividend YieldN/A
Average Volume (3M)980.49K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue GrowthN/A
EPS Growth-162.50%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding508,325,400
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$1.35Price Target Upside50.00% 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 is an Australian entity within the energy and resources sector, specializing in the exploration for and extraction of natural gas and crude oil. The company's key assets comprise two exploration permits, Authorities to Pros...
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
Negative
0.90
Price Trends
0.79
Negative
0.68
Negative
0.54
Positive
Market Momentum
-0.04
Negative
35.55
Neutral
30.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OMA, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.79, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 35.55 is Neutral, neither overbought nor oversold. The STOCH value of 30.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$341.79M | 29.10 | 14.04% | 14.63% | -4.78% | -42.11% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$187.85M | -105.69 | -0.67% | ― | ― | -149.12% | |
51 Neutral | AU$377.94M | -2.32 | -46.22% | ― | -0.51% | -756.45% | |
49 Neutral | AU$391.73M | -12.99 | -14.19% | ― | ― | 25.55% | |
46 Neutral | AU$320.25M | -38.79 | -7.28% | ― | ― | -162.50% | |
43 Neutral | AU$196.24M | -3.73 | -120.28% | ― | ― | -1161.54% |
* Energy Sector Average
AU:OMA
Omega Oil & Gas Limited
0.63
0.33
110.00%
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Omega Oil & Gas Limited Corporate Events
Omega Oil & Gas updates director Quentin Flannery’s shareholdings
Jun 1, 2026
Omega Oil Gas Ltd has reported changes to director Quentin Joseph Flannery’s relevant interests in the company’s securities, covering both his direct shareholding and a range of indirect holdings through related companies, trusts, and...
Omega Oil & Gas issues General Meeting materials as it advances Taroom Trough exploration
May 12, 2026
Omega Oil Gas Limited, an Australian oil and gas exploration company, is targeting the vast deep hydrocarbon potential of Queensland’s Taroom Trough in the Bowen Basin. Backed by prominent resource investors and leveraging a highly experien...
Omega Oil & Gas director boosts shareholding through fee-share issuance
May 8, 2026
Omega Oil Gas Ltd disclosed a change in director Stephen James Harrison’s holdings following the issue of non-executive director fee shares approved at the company’s 2025 annual general meeting. Harrison acquired a total of 144,502 or...
Omega Oil & Gas updates director Peter Stickland’s equity holdings
May 8, 2026
Omega Oil Gas Ltd has disclosed a change in the relevant interests of director Peter Stickland, detailing new holdings in ordinary fully paid shares and unlisted options. The adjustments reflect the issue of non-executive director fee shares for ...
Omega Oil & Gas updates director Andrew Hackwood’s share and option holdings
May 8, 2026
Omega Oil Gas has reported changes in director Andrew Paul Hackwood’s holdings, showing an increase in his ordinary shares and the grant of new unlisted options. The adjustments arise from the issuance of shares in lieu of non-executive dir...
Omega Oil & Gas updates market on director Quentin Flannery’s security holdings
May 8, 2026
Omega Oil Gas has disclosed a change in director Quentin Joseph Flannery’s relevant interests in the company’s securities, as required under ASX listing rules. The notice details his direct and extensive indirect holdings in ordinary ...
Omega Oil & Gas boosts director equity with new performance rights grant
May 8, 2026
Omega Oil Gas has updated the market on a change in director Trevor Brown’s relevant interests, reflecting the issuance of new performance rights under his executive services agreement. The grant, held indirectly via the Brown Family Trust,...
Omega Oil & Gas Issues New Unquoted Equity Incentives
May 1, 2026
Omega Oil Gas Limited has notified the market of the issue of new unquoted equity securities under its employee incentive arrangements. The issuance includes options expiring in 2027 with various exercise prices and performance rights, underscori...
Omega Oil and Gas issues new shares for director fees and services
May 1, 2026
Omega Oil and Gas Limited, an Australian oil and gas explorer listed on the ASX, concentrates on developing the deep hydrocarbon potential of Queensland’s Taroom Trough in the Bowen Basin. Backed by experienced technical teams and resource i...
Omega Oil & Gas Seeks ASX Quotation for Additional Ordinary Shares
May 1, 2026
Omega Oil Gas Limited has applied for quotation on the ASX of 11,926 new fully paid ordinary shares under the code OMA. The newly issued securities, dated 1 May 2026, arise from transactions previously flagged to the market, marginally increasing...
Omega Oil & Gas Seeks ASX Quotation for New Employee Incentive Shares
May 1, 2026
Omega Oil Gas Limited, an ASX-listed oil and gas exploration and production company trading under the code OMA, has moved to expand its quoted equity base on the Australian market. The company’s securities provide investors with access to i...
Omega Oil and Gas completes Stage 1 equity issue to fund Taroom Trough push
Apr 30, 2026
Omega Oil and Gas Limited (ASX: OMA) is an Australian oil and gas exploration company targeting the deep hydrocarbon potential of Queensland’s Taroom Trough in the Bowen Basin. Founded in 2020 and backed by prominent resource investors, it h...
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...
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.