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Bengal Energy
(TSX:BNG)
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Rating:43Neutral
Price Target:
C$0.02
▲(90.00% Upside)
Action:Reiterated
Date:07/17/26
The score is held down primarily by weak financial performance—continued operating/net losses and multi-year negative operating and free cash flow—despite a relatively low-debt balance sheet. Technicals add further pressure, with the stock trading below key moving averages and negative momentum. Valuation provides limited support given the negative P/E and absence of dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Low nominal debt versus a relatively large equity base provides durable financial flexibility for an E&P business. This reduces near-term refinancing risk, allows the company to fund operations or opportunistic investments during commodity cycles, and cushions cash burn periods.
Negative Factors
Multi-year negative cash flow
Persistent negative operating and free cash flow is a fundamental vulnerability. It forces reliance on external funding, increases dilution or debt risk, and constrains reinvestment in production or development. Continued cash burn materially raises execution and solvency risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Low nominal debt versus a relatively large equity base provides durable financial flexibility for an E&P business. This reduces near-term refinancing risk, allows the company to fund operations or opportunistic investments during commodity cycles, and cushions cash burn periods.
Read all positive factors
Bengal Energy (BNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$9.71M
Dividend YieldN/A
Average Volume (3M)64.33K
Price to Earnings (P/E)―
Beta (1Y)-1.27
Revenue Growth-16.66%
EPS Growth26.74%
CountryCA
Employees10
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding485,304,230
10 Day Avg. Volume55,217
30 Day Avg. Volume64,335
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.75
Price to Sales (P/S)3.98
P/FCF Ratio-34.95
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
Bengal Energy Business Overview & Revenue Model
Company Description
Bengal Energy Ltd. is an oil and natural gas company primarily engaged in the discovery, development, and production of hydrocarbon resources across Australia. Its principal holdings comprise interests in the PL 303 Cuisinier, ATP 934 Barrolka, an...
How the Company Makes Money
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Bengal Energy Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.27M | 5.12M | 6.48M | 8.15M | 7.65M |
| Gross Profit | 1.22M | 1.29M | 3.38M | 6.48M | 6.12M |
| EBITDA | -2.17M | -3.03M | -11.29M | 1.96M | 745.00K |
| Net Income | -3.07M | -4.18M | -12.73M | 703.00K | -374.00K |
Balance Sheet | |||||
| Total Assets | 29.19M | 30.64M | 34.36M | 49.70M | 48.58M |
| Cash, Cash Equivalents and Short-Term Investments | 308.00K | 708.00K | 692.00K | 795.00K | 5.41M |
| Total Debt | 1.70M | 1.70M | 0.00 | 32.00K | 68.00K |
| Total Liabilities | 6.60M | 6.60M | 6.66M | 8.16M | 6.66M |
| Stockholders Equity | 22.59M | 24.04M | 27.71M | 41.53M | 41.92M |
Cash Flow | |||||
| Free Cash Flow | -486.00K | -448.00K | -747.00K | -3.38M | -2.26M |
| Operating Cash Flow | -417.00K | -392.00K | -273.00K | 2.11M | 835.00K |
| Investing Cash Flow | -9.00K | 265.00K | 228.00K | -6.71M | -4.06M |
| Financing Cash Flow | -2.00K | 139.00K | -32.00K | -40.00K | 4.12M |
Bengal Energy Technical Analysis
Negative
0.01
Price Trends
0.03
Negative
0.03
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
37.32
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNG, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BNG.
Bengal Energy 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% | |
49 Neutral | C$32.15M | -11.24 | -53.45% | ― | ― | -380.43% | |
44 Neutral | C$9.05M | -1.43 | -575.47% | ― | ― | -669.60% | |
44 Neutral | C$9.35M | -5.17 | -22.52% | ― | -36.33% | 49.28% | |
43 Neutral | C$9.71M | -4.44 | -18.37% | ― | -16.66% | 26.74% | |
40 Underperform | C$8.27M | -0.81 | 12.30% | ― | -37.96% | -294.75% |
* Energy Sector Average
TSE:BNG
Bengal Energy
0.02
0.00
0.00%
TSE:BDR
Bird River Resources
0.14
0.09
170.00%
TSE:CEC
Pan Orient Energy
0.29
0.19
190.00%
TSE:VUX
Vital Energy
0.10
-0.04
-31.03%
TSE:SC.H
Serrano Resources
0.12
-0.06
-32.35%
TSE:PUL
Pulse Oil Corp.
0.02
>-0.01
-25.00%
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.