Eco Atlantic Oil & Gas (EOG) AI Stock Analysis

• Market Cap: £48.86M
• Dividend Yield: N/A
• Average Volume (3M): 108.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: -549.19%
• Country: CA
• Employees: 6
• Sector: Energy
• Sector Strength: 47
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.08
• Shares Outstanding: 315,231,930
• 10 Day Avg. Volume: 128,900
• 30 Day Avg. Volume: 108,696
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 36.04K
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Eco Atlantic Oil & Gas scores low due to significant financial performance issues, including persistent losses and negative cash flows. Technical indicators suggest a lack of positive momentum, and the valuation is unattractive with a negative P/E ratio and no dividends. The company’s strong equity position without debt is a positive aspect, but the ongoing financial struggles and lack of growth potential weigh heavily on its overall score.

Eco Atlantic Oil & Gas Business Overview & Revenue Model

Company Description

Eco Atlantic Oil & Gas (EOG) is an oil and gas exploration company focused on the acquisition and development of petroleum and natural gas assets in frontier regions. The company operates primarily in Namibia and Guyana, where it holds key exploration licenses. Eco Atlantic is committed to responsible resource development, aiming to meet global energy demands while adhering to environmental and social governance standards.

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

Eco Atlantic Oil & Gas is facing significant financial challenges, characterized by inconsistent revenue, persistent losses, and negative cash flows. Despite the lack of debt and ample equity, the company struggles with profitability and cash generation, which are critical for long-term sustainability in the fossil fuels industry.

Income Statement

The company has shown inconsistent revenue generation with a significant drop from previous years. Gross profit margins are positive due to minimal cost of goods sold, but negative EBIT and net income indicate poor operational efficiency and high expenses. Revenue growth has been erratic with recent declines, and net profit margin remains negative, highlighting ongoing profitability challenges.

Balance Sheet

The balance sheet shows strong equity levels with no debt, which is a positive indicator of financial stability. However, consistent losses have eroded stockholders' equity over time. The equity ratio is strong, indicating a low-risk profile in terms of leverage, but consistent negative income impacts ROE negatively.

Cash Flow

The company's cash flow statement shows persistent negative operating cash flows and free cash flows, indicating that the company is not generating enough cash to cover its operations or invest in growth without external financing. The operating cash flow to net income ratio is negative due to losses, suggesting inefficiencies in cash management.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
1.71K	66.57K	3.56K	0.00	358.14K
	Gross Profit
1.71K	66.57K	3.56K	0.00	358.14K
	EBIT
-4.84M	-38.95M	-3.83M	-3.67M	―
	EBITDA
11.98M	-40.78M	-5.11M	-4.57M	-20.86M
	Net Income Common Stockholders
-21.25M	-36.55M	-7.99M	-3.63M	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.98M	4.12M	3.49M	13.36M	18.73M
	Total Assets
31.26M	55.62M	45.87M	16.93M	19.89M
	Total Debt
0.00	0.00	0.00	348.90K	0.00
	Net Debt
-2.97M	-4.11M	-3.44M	-11.46M	-18.67M
	Total Liabilities
1.25M	4.97M	5.65M	947.08K	350.37K
	Stockholders Equity
30.02M	50.65M	40.22M	16.03M	19.54M
Cash Flow		Free Cash Flow
-5.33M	-37.39M	-4.63M	-5.25M	―
	Operating Cash Flow
-5.33M	-35.79M	-4.63M	-3.50M	―
	Investing Cash Flow
4.30M	948.24K	-8.50M	-3.31M	0.00
	Financing Cash Flow
0.00	35.67M	4.87M	0.00	15.18M

Eco Atlantic Oil & Gas Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.16, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
TVE	80 Outperform	C$1.85B	12.14	7.57%	4.15%	-0.17%	76.67%
POU	74 Outperform	$2.27B	6.87	9.38%	27.87%	3.08%	-30.22%
TPZ	68 Neutral	C$3.57B	73.25	3.62%	5.65%	-2.25%	-3.28%
Sector *	56 Neutral	$7.00B	3.44	-4.86%	5.89%	-0.09%	-48.37%
AOI	45 Neutral	$1.24B	―	-38.67%	4.72%	―	-438.52%
SOU	44 Neutral	$21.85M	―	-56.79%	―	-27.09%	-681.10%
EOG	41 Neutral	£48.86M	―	-58.84%	―	―	-549.19%