Bengal Energy Ltd. J (TSE:BNG)
TSX:BNG
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Bengal Energy
(TSX:BNG)
Select Model
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Rating:49Neutral
Price Target:
C$0.03
▲(150.00% Upside)
Action:ReiteratedDate:03/26/26
The score is held down primarily by weak financial performance, with declining revenue, ongoing losses, and negative operating/free cash flow despite a low-leverage balance sheet. Technicals provide a partial offset as the stock trades above major moving averages with moderately positive momentum, while valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Producing onshore assets (Cooper Basin)
An established onshore producing footprint in the Cooper Basin provides a durable production base and lower operating complexity than offshore projects. Stable field cash flows from existing wells support long-term revenue potential and make incremental development more capital-efficient.
Negative Factors
Declining revenue and recurring losses
Falling revenue and recurring negative EBIT/net income erode retained earnings and limit internally generated funds for development. Persistent losses undermine long-term return on capital and require clear operational or production recovery to restore sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Producing onshore assets (Cooper Basin)
An established onshore producing footprint in the Cooper Basin provides a durable production base and lower operating complexity than offshore projects. Stable field cash flows from existing wells support long-term revenue potential and make incremental development more capital-efficient.
Read all positive factors
Bengal Energy (BNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$14.56M
Dividend YieldN/A
Average Volume (3M)64.33K
Price to Earnings (P/E)―
Beta (1Y)-2.07
Revenue Growth-32.11%
EPS Growth66.67%
CountryCA
Employees5
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 Ratio<0.01
Price to Book (P/B)0.35
Price to Sales (P/S)1.50
P/FCF Ratio-12.99
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. engages in the exploration, development, and production of oil and gas reserves in Australia. It principally holds interests in the PL 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses situated wi...
How the Company Makes Money
Bengal Energy primarily makes money by selling hydrocarbons it produces from its Australian petroleum assets. Revenue is generated from (1) crude oil sales and (2) natural gas sales, with realized revenue determined by production volumes, commodit...
Bengal Energy Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.76M | 5.12M | 6.48M | 7.65M | 5.23M | 8.10M |
| Gross Profit | 1.47M | 1.29M | 3.38M | 6.12M | 3.59M | 6.39M |
| EBITDA | -3.41M | -3.03M | -11.29M | 745.00K | 6.17M | -219.00K |
| Net Income | -4.34M | -4.18M | -12.73M | -374.00K | 3.93M | -2.90M |
Balance Sheet | ||||||
| Total Assets | 30.06M | 30.64M | 34.36M | 48.58M | 44.25M | 39.57M |
| Cash, Cash Equivalents and Short-Term Investments | 395.00K | 708.00K | 692.00K | 5.41M | 4.53M | 998.00K |
| Total Debt | 1.70M | 1.70M | 0.00 | 68.00K | 99.00K | 17.90M |
| Total Liabilities | 6.88M | 6.60M | 6.66M | 6.66M | 5.52M | 22.63M |
| Stockholders Equity | 23.18M | 24.04M | 27.71M | 41.92M | 38.73M | 16.94M |
Cash Flow | ||||||
| Free Cash Flow | -656.00K | -448.00K | -747.00K | -2.26M | -892.00K | -886.00K |
| Operating Cash Flow | -598.00K | -392.00K | -273.00K | 835.00K | 301.00K | 1.13M |
| Investing Cash Flow | 1.85M | 265.00K | 228.00K | -4.06M | -680.00K | -2.76M |
| Financing Cash Flow | -1.57M | 139.00K | -32.00K | 4.12M | 3.83M | -160.00K |
Bengal Energy Technical Analysis
Positive
0.01
Price Trends
0.02
Positive
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Negative
94.69
Negative
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNG, the sentiment is Positive. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 94.69 is Negative, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | C$13.23M | 180.90 | 12.30% | ― | 16.71% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | C$14.56M | -4.39 | -18.37% | ― | -32.11% | 66.67% | |
45 Neutral | C$9.35M | -19.63 | -22.52% | ― | -23.57% | -388.89% | |
44 Neutral | C$9.05M | -0.40 | -575.47% | ― | ― | -920.00% | |
41 Neutral | C$10.15M | -3.53 | -43.43% | ― | ― | -1150.00% |
* Energy Sector Average
TSE:BNG
Bengal Energy
0.03
<0.01
50.00%
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Bird River Resources
0.14
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Pan Orient Energy
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TSE:VUX
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TSE:SC.H
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TSE:PUL
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0.02
>-0.01
-25.00%
Bengal Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Bengal Energy Strikes Carried Deal to Advance Ramses 2 Oil Well in Australia
Positive
Mar 24, 2026
Bengal Energy has signed a non-binding Letter of Intent with an Australian energy services company to fund and carry out a production test, and potential completion and tie-in, of the Ramses 2 oil well in PL 188 in Queensland’s Cooper Basin....
Business Operations and StrategyFinancial Disclosures
Bengal Energy Q3 Results Highlight Revenue Drop and Capital Market Constraints
Negative
Feb 17, 2026
Bengal Energy reported third-quarter fiscal 2026 crude oil sales of $1.0 million, down 29% year over year, as average production slipped 7% to 115 barrels per day and realized prices fell about 15%. Funds used in operations were $0.1 million and t...
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.