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Upland Resources
(LSE:UPL)
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Rating:46Neutral
Price Target:
3.00 p
▲(3.45% Upside)
Action:Reiterated
Date:07/01/26
The score is held down primarily by weak financial performance (no revenue and ongoing losses, with still-negative free cash flow). Technicals are only mildly supportive with price hovering around key moving averages, while valuation remains challenged due to a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
A reported zero debt position across 2023–2025 provides durable financial flexibility for an exploration-stage E&P. It reduces bankruptcy and interest burden risks, widens financing options, and lengthens runway while management pursues asset development or capital raises.
Negative Factors
No revenue and recurring losses
Absent revenue over multiple years indicates the company remains pre-production or failing to commercialize assets. Persistent net losses increase dependency on external capital, heighten dilution and execution risk, and mean the business model has not yet demonstrated sustainable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A reported zero debt position across 2023–2025 provides durable financial flexibility for an exploration-stage E&P. It reduces bankruptcy and interest burden risks, widens financing options, and lengthens runway while management pursues asset development or capital raises.
Read all positive factors
Upland Resources (UPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£49.64M
Dividend YieldN/A
Average Volume (3M)8.37M
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,726,552,900
10 Day Avg. Volume9,546,746
30 Day Avg. Volume8,373,543
Financial Highlights & Ratios
PEG Ratio3.19
Price to Book (P/B)7.08
Price to Sales (P/S)0.00
P/FCF Ratio-877.28
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
Upland Resources Business Overview & Revenue Model
Company Description
Upland Resources Limited functions as a principal investment firm, primarily concentrating on acquiring stakes in existing oil and gas projects (farm-ins) and pursuing exploration licenses for undeveloped areas. The company strategically allocates...
How the Company Makes Money
null...
Upland Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.15K | 0.00 | -709.00 | -454.00 | 0.00 | 0.00 |
| EBITDA | -1.42M | -1.69M | -1.23M | -1.21M | -275.08K | -570.68K |
| Net Income | -1.70M | -1.70M | -1.41M | -1.44M | -494.30K | -789.89K |
Balance Sheet | ||||||
| Total Assets | 6.85M | 6.85M | 4.00M | 1.34M | 312.71K | 766.32K |
| Cash, Cash Equivalents and Short-Term Investments | 1.80M | 1.80M | 350.06K | 654.72K | 305.53K | 757.99K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 150.00K | 150.00K |
| Total Liabilities | 179.59K | 179.59K | 267.03K | 673.49K | 571.16K | 530.47K |
| Stockholders Equity | 6.67M | 6.67M | 3.73M | 663.13K | -258.45K | 235.84K |
Cash Flow | ||||||
| Free Cash Flow | -53.78K | -53.78K | -4.52M | -1.17K | -490.18K | -568.72K |
| Operating Cash Flow | -28.78K | -28.78K | -4.52M | -1.17K | -490.18K | -462.48K |
| Investing Cash Flow | -846.15K | -846.15K | -262.13K | -27.19K | 0.00 | -106.24K |
| Financing Cash Flow | 1.22M | 1.22M | 4.48M | 2.16M | 0.00 | 587.90K |
Upland Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £44.77M | 3.45 | 14.81% | ― | ― | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | £41.81M | -24.47 | -7.42% | ― | ― | 51.66% | |
46 Neutral | £49.64M | -57.50 | -32.71% | ― | ― | ― | |
46 Neutral | £67.22M | -6.83 | -57.98% | ― | -44.60% | 43.68% | |
45 Neutral | £45.88M | -5.66 | -31.73% | ― | ― | ― | |
43 Neutral | £40.88M | -11.99 | 5.77% | ― | ― | ― |
* Energy Sector Average
GB:UPL
Upland Resources
2.88
1.78
161.36%
GB:ENW
Enwell Energy
12.75
-3.75
-22.73%
GB:CASP
Caspian Sunrise
1.90
-0.25
-11.63%
GB:JOG
Jersey Oil and Gas
128.00
22.00
20.75%
GB:ZPHR
Zephyr Energy
3.20
0.25
8.47%
GB:CHAR
Chariot Oil & Gas
1.60
0.13
9.14%
Upland Resources Corporate Events
Business Operations and StrategyShareholder Meetings
Upland Resources Sets 2026 AGM in Dublin and Adopts Rotating Global Venue Policy
Positive
Jun 19, 2026
Upland Resources has scheduled its 2026 Annual General Meeting for 3:00 p.m. on 24 July 2026 at the Herbert Park Hotel Park Residence in Dublin, Ireland, and has begun mailing the official notice and proxy forms to shareholders. The AGM documenta...
Financial DisclosuresRegulatory Filings and Compliance
Upland Resources files audited 2025 annual report
Neutral
Apr 28, 2026
Upland Resources Limited has published its annual report and audited financial statements for the year ended 31 December 2025, making the documents available on its corporate website and via the UK National Storage Mechanism. The disclosure is cla...
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.