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Prospex Oil and Gas
(LSE:PXEN)
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Rating:44Neutral
Price Target:
3.50 p
▲(16.67% Upside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by weak financial performance (no revenue, recurring losses, and multi-year negative operating/free cash flow). Technicals also detract due to a clear downtrend despite an oversold RSI, and valuation is pressured by an extremely high P/E with no dividend yield provided.
Positive Factors
Modest leverage / capitalization
The company’s balance sheet shows low debt relative to equity and a sizable equity base, which reduces near‑term solvency risk and preserves financial flexibility. Over a 2–6 month horizon this capitalization supports continued funding of development activity or opportunistic asset transactions without immediate distress.
Negative Factors
No reported revenue
Absence of reported revenue across multiple years eliminates visibility into core operating performance and undermines confidence in sustainable cash generation. Over the medium term this limits scalability, makes forecasting difficult, and increases reliance on external funding or asset transactions to support operations and development.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage / capitalization
The company’s balance sheet shows low debt relative to equity and a sizable equity base, which reduces near‑term solvency risk and preserves financial flexibility. Over a 2–6 month horizon this capitalization supports continued funding of development activity or opportunistic asset transactions without immediate distress.
Read all positive factors
Prospex Oil and Gas (PXEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£13.45M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)-0.29
Revenue GrowthN/A
EPS Growth-2133.33%
CountryUK
Employees7
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)N/A
Shares Outstanding433,793,950
10 Day Avg. Volume500,538
30 Day Avg. Volume1,014,850
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.48
Price to Sales (P/S)0.00
P/FCF Ratio-3.92
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)N/A
Revenue Forecast (FY)N/A
Prospex Oil and Gas Business Overview & Revenue Model
Company Description
Prospex Energy PLC functions as a European-focused investment firm within the oil and gas industry. Its assets include a notable interest in the Tesorillo Project, which consists of two petroleum exploration licenses, Tesorillo and Ruedalabola, to...
How the Company Makes Money
Prospex Energy makes money primarily from its working interests in natural gas producing assets. Its core revenue stream is its share of hydrocarbon production (mainly natural gas) sold by the operator(s) into local markets; Prospex receives its n...
Prospex Oil and Gas Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
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 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.23M | -24.77K | 50.27K | -839.00K | 2.38M |
| Net Income | -2.80M | -46.76K | -1.23M | 7.14M | 2.26M |
Balance Sheet | |||||
| Total Assets | 24.51M | 25.76M | 21.80M | 23.06M | 8.98M |
| Cash, Cash Equivalents and Short-Term Investments | 39.03K | 1.19M | 3.29K | 1.48M | 220.06K |
| Total Debt | 536.97K | 0.00 | 168.49K | 2.61M | 388.20K |
| Total Liabilities | 1.57M | 1.17M | 1.22M | 3.91M | 481.49K |
| Stockholders Equity | 22.94M | 24.59M | 20.58M | 19.15M | 8.50M |
Cash Flow | |||||
| Free Cash Flow | -2.82M | -2.61M | -1.16M | -4.24M | -1.05M |
| Operating Cash Flow | -2.82M | -2.61M | -1.16M | -4.24M | -1.05M |
| Investing Cash Flow | 680.00 | -6.33K | -161.43K | -122.00 | -106.72K |
| Financing Cash Flow | 1.67M | 3.79M | -156.44K | 5.50M | 1.05M |
Prospex Oil and Gas 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% | |
46 Neutral | £10.62M | 24.00 | -21.11% | ― | -22.80% | 95.24% | |
45 Neutral | £9.42M | -8.07 | -16.91% | ― | -38.61% | 83.33% | |
44 Neutral | £7.89M | 0.51 | -5.14% | ― | ― | ― | |
44 Neutral | £13.45M | -4.63 | 0.21% | ― | ― | -2133.33% | |
41 Neutral | £9.70M | -10.38 | -26.63% | ― | ― | 1.67% |
* Energy Sector Average
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Prospex Oil and Gas Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Prospex Energy CEO Increases Personal Stake with Share Purchase
Positive
Jun 5, 2026
Prospex Energy’s CEO Tom Reynolds has increased his stake in the AIM-quoted gas and power investment company with the purchase of 698,549 ordinary shares at an average price of 3.58 pence per share. Following the transaction, Reynolds holds ...
Business Operations and StrategyPrivate Placements and Financing
Prospex Energy Strikes IMMAGE Drilling Deal at El Romeral
Positive
Jun 1, 2026
Prospex Energy has entered a strategic collaboration with the IMMAGE Land-2-Sea scientific drilling project at its El Romeral concession in Spain, aligning its commercial drilling with cutting-edge climate and geological research. The initiative i...
Business Operations and Strategy
Prospex Energy Links El Romeral Drilling to Major Climate Research Project
Positive
Jun 1, 2026
Prospex Energy has entered into a strategic collaboration with the IMMAGE Land-2-Sea scientific drilling project at its El Romeral concession in Spain, integrating its planned five-well programme with climate research on the Messinian Salinity Cri...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Prospex Energy absorbs valuation hit but bolsters gas portfolio and funding
Neutral
May 28, 2026
Prospex Energy reported a 2025 loss of £2.8 million driven largely by a £2.5 million non-cash revaluation hit linked to reserve depletion at the Selva field and lower year-end gas prices, which also trimmed net asset value to £22.9 ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Prospex Energy Boosts Cash, Expands European Gas Portfolio in Q1 2026
Positive
May 15, 2026
Prospex Energy reported a strong start to 2026, with first-quarter gas sales from the Selva Malvezzi field rising to £912,000 and group cash on hand jumping to £907,000, underpinned by an oversubscribed £2 million convertible loan n...
Business Operations and StrategyExecutive/Board Changes
Prospex Energy strengthens board with energy banker as director exits
Positive
May 7, 2026
Prospex Energy has appointed veteran energy banker Simon Ashby-Rudd as a non-executive director, reinforcing its board with more than three decades of capital markets and strategic advisory experience in the global energy sector. Ashby-Rudd, who a...
Business Operations and StrategyFinancial Disclosures
Prospex Energy cashes in on strong Italian gas output as Selva expansion advances
Positive
Apr 30, 2026
Prospex Energy reported stable first‑quarter 2026 production from the Podere Maiar‑1 gas well in Italy’s Selva Malvezzi concession, where it holds a 37% working interest alongside operator Po Valley Energy. Average gross daily ou...
Business Operations and Strategy
Prospex Energy Secures Second Polish Licence with Dunajec Award
Positive
Apr 22, 2026
Prospex Energy has formally secured the Dunajec onshore licence in southern Poland via its wholly owned subsidiary PXEN Tatra, marking its second Polish acreage alongside the recently awarded San licence. Both 100%-owned licences sit in the prolif...
Business Operations and Strategy
Prospex Energy Secures Polish Gas Licence in Strategic Expansion
Positive
Apr 1, 2026
Prospex Energy has secured the San onshore gas exploration licence in southern Poland via its wholly owned subsidiary PXEN Tatra, marking its entry into a third European jurisdiction. The Dunajec licence award process continues, and the company pl...
Business Operations and StrategyFinancial Disclosures
Prospex Energy Updates Investors on Viura Output, Polish Oil Potential and Cash Position
Positive
Mar 26, 2026
Prospex Energy has released a new corporate presentation outlining its growth strategy, operational progress and exposure to expanding European energy markets, ahead of an investor event where CEO Tom Reynolds will brief shareholders. The material...
Business Operations and Strategy
Prospex Energy moves to secure 100% stake in Polish San and Dunajec gas licences
Positive
Mar 24, 2026
Prospex Energy’s Polish subsidiary PXEN Tatra has been formally offered 100% ownership of the San and Dunajec onshore licence areas in southern Poland, advancing the group’s expansion into a key European gas region. The licences lie in...
Business Operations and StrategyPrivate Placements and Financing
Prospex Energy Raises £2 Million in Oversubscribed Convertible Loan Note Offer
Positive
Mar 18, 2026
Prospex Energy has raised a total of £2 million through an oversubscribed offering of unsecured convertible loan notes, exceeding its original £1.6 million target by 25%. The board capped the round at this hard limit to balance funding n...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Prospex Energy Converts Loan Notes Into New Equity on AIM
Neutral
Mar 17, 2026
Prospex Energy PLC has converted £152,515.07 of a January 2026 convertible loan note into 5,083,836 new ordinary shares at 3p per share, reflecting ongoing use of equity-linked financing to support its European gas and power investment strate...
Business Operations and StrategyPrivate Placements and Financing
Prospex Energy’s Oversubscribed £1.6m Convertible Loan Note Issue Signals Strong Investor Demand
Positive
Mar 13, 2026
Prospex Energy PLC, an AIM-listed oil and gas investment company focused on European gas and power projects, targets undervalued onshore and shallow offshore assets that can be brought to production quickly. The group aims to use low-cost re-evalu...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Prospex Energy’s New CEO Sets Growth-Focused Strategy for European Gas Portfolio
Positive
Mar 12, 2026
Prospex Energy’s new CEO, Tom Reynolds, has outlined an investment strategy centered on real, inflation-resistant gas and power assets in Europe, emphasising value accretion per share and European resource sovereignty. The company plans to e...
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.