Eco Atlantic Oil & Gas (EOG) AI Stock Analysis

• Market Cap: C$157.62M
• Dividend Yield: N/A
• Average Volume (3M): 147.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: N/A
• EPS Growth: 86.19%
• Country: CA
• Employees: 6
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 315,231,930
• 10 Day Avg. Volume: 143,929
• 30 Day Avg. Volume: 147,721
• PEG Ratio: 0.30
• Price to Book (P/B): 2.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.33
• Price Target Upside: 497.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$0.61 ▲(57.18% Upside)

The score is held back mainly by weak fundamentals—ongoing losses and negative operating/free cash flow—despite the mitigating benefit of minimal debt. Technicals are currently strong but appear overbought, while valuation is limited by negative earnings and no dividend support.

Eco Atlantic Oil & Gas Business Overview & Revenue Model

Company Description

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana. It also holds 85% working interest in the Cooper Block, which covers an area of approximately 5,788 square kilometers; 85%working interest in the Sharon Block, which covers an area of approximately 5,700 square kilometers; 85% working interest in the Guy License covering an area of approximately 11,457 square kilometers; and an 85% working interest in the Tamar Block that covers an area of approximately 5,649 square kilometers located in the Walvis Basin offshore, Namibia. In addition, the company engages in the development of solar projects. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada.

How the Company Makes Money

Eco Atlantic Oil & Gas makes money through the exploration and potential development of oil and gas reserves. Its revenue model centers on acquiring exploration licenses in promising frontier regions and forming strategic partnerships or joint ventures with larger oil companies to share the financial risk and technical expertise required for exploration. The company's earnings are primarily derived from the sale of its share of any oil and gas discovered and produced from its licensed areas. Additionally, Eco Atlantic may generate income from farm-out agreements, where it sells a portion of its interest in a license to another company in exchange for cash or a commitment to fund exploration activities. Significant partnerships with major industry players can enhance its earning potential by accelerating exploration and development processes.

Eco Atlantic Oil & Gas Financial Statement Overview

Summary

Financial profile is constrained by weak, declining revenue, ongoing net losses, and persistent negative operating/free cash flow. The main offset is a conservative balance sheet with essentially no debt, which reduces financial risk despite erosion in equity from losses.

Income Statement

Results remain weak and volatile. TTM (Trailing-Twelve-Months) revenue is very small and down ~17%, and the company continues to post operating and net losses (TTM net income of about -$3.4M). Annual history shows recurring large losses (notably 2023–2024), indicating profitability is not yet established; the main offset is that losses have narrowed versus the prior year’s extreme net loss.

Balance Sheet

Balance sheet looks conservative with essentially no debt in recent periods (debt-to-equity at 0.0), which materially reduces financial risk for an E&P explorer. Equity and assets have trended down from 2023 to TTM (Trailing-Twelve-Months), and returns on equity are negative, reflecting ongoing losses and erosion of the capital base despite low leverage.

Cash Flow

Cash generation is a key pressure point: TTM (Trailing-Twelve-Months) operating cash flow is about -$5.7M and free cash flow about -$5.2M, indicating continued cash burn. While free cash flow growth is positive in the latest TTM comparison, operating cash flow remains negative across the full history provided, implying the company likely relies on funding/asset actions rather than internally generated cash to sustain operations.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.59K	0.00	1.71K	66.57K	3.56K	0.00
Gross Profit	10.59K	0.00	1.71K	66.57K	3.56K	0.00
EBITDA	-7.47M	-2.20M	11.98M	-40.78M	-5.11M	-4.57M
Net Income	-3.35M	-2.20M	-21.25M	-36.55M	-7.99M	-3.63M
Balance Sheet
Total Assets	26.34M	21.56M	31.26M	55.62M	45.87M	16.93M
Cash, Cash Equivalents and Short-Term Investments	2.97M	4.80M	2.98M	4.12M	3.49M	13.36M
Total Debt	0.00	0.00	0.00	0.00	0.00	348.90K
Total Liabilities	1.90M	1.18M	1.25M	4.97M	5.65M	947.08K
Stockholders Equity	17.57M	20.38M	30.02M	50.65M	40.22M	16.03M
Cash Flow
Free Cash Flow	-5.18M	-5.48M	-5.33M	-37.39M	-4.63M	-5.25M
Operating Cash Flow	-5.67M	-5.33M	-5.33M	-35.79M	-4.63M	-3.50M
Investing Cash Flow	-830.29K	6.99M	4.30M	948.24K	-8.50M	-3.31M
Financing Cash Flow	0.00	0.00	0.00	35.67M	4.87M	0.00

Eco Atlantic Oil & Gas Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.39
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EOG, the sentiment is Positive. The current price of 0.39 is below the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.26, and above the 200-day MA of 0.19, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 62.50 is Neutral, neither overbought nor oversold. The STOCH value of 74.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EOG.

Eco Atlantic Oil & Gas Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORC.B	76 Outperform	C$168.90M	3.07	18.65%	2.08%	10.08%	322.40%
ALV	75 Outperform	C$236.55M	8.70	21.90%	8.44%	2.20%	38.33%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RECO	57 Neutral	C$336.63M	-13.14	-10.23%	―	―	―
EOG	51 Neutral	C$157.62M	-46.43	-11.95%	―	―	86.19%
AFE	45 Neutral	C$64.69M	-12.05	-6.81%	―	―	98.92%
OYL	42 Neutral	C$47.40M	-0.58	-188.43%	―	―	-1886.78%