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Eco Atlantic Oil & Gas (TSE:EOG)
:EOG

Eco Atlantic Oil & Gas (EOG) AI Stock Analysis

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TSE:EOG

Eco Atlantic Oil & Gas

(EOG)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
C$0.98
▲(151.03% Upside)
Action:ReiteratedDate:03/17/26
The score is held back primarily by weak financial performance (ongoing losses and negative free cash flow), despite a low-debt balance sheet. Technicals are a clear positive with strong trend and bullish momentum, but overbought signals add near-term risk. Valuation is only moderate, with a relatively high P/E and no dividend support.
Positive Factors
Conservative balance sheet / minimal debt
Effectively zero debt and positive shareholders' equity provide durable financial flexibility for an exploration company. This reduces bankruptcy risk, supports the ability to fund or negotiate farm-outs, and gives time for multi-year exploration cycles without immediate refinancing pressure.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow creates durable funding risk for exploration timelines that span years. Without production cash generation, the company remains dependent on asset disposals, farm-outs, or equity raises, which can dilute holders or be constrained in weak markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / minimal debt
Effectively zero debt and positive shareholders' equity provide durable financial flexibility for an exploration company. This reduces bankruptcy risk, supports the ability to fund or negotiate farm-outs, and gives time for multi-year exploration cycles without immediate refinancing pressure.
Read all positive factors

Eco Atlantic Oil & Gas (EOG) vs. iShares MSCI Canada ETF (EWC)

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 ...
How the Company Makes Money
Eco (Atlantic) Oil & Gas primarily generates (or expects to generate) value and cash flows through its interests in exploration licenses and the monetization of those interests. Key revenue/monetization pathways include: (1) Farm-out and partnersh...

Eco Atlantic Oil & Gas Financial Statement Overview

Summary
Overall financial profile is weak due to continued losses, inconsistent/low revenue, and negative operating and free cash flow (ongoing cash burn). The main offsetting strength is a conservative balance sheet with effectively no debt and positive equity, which reduces near-term financial risk.
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
BreakdownTTMJun 2025Jun 2023Jun 2022Jun 2020Jun 2019
Income Statement
Total Revenue1.96M0.001.71K66.57K358.14K12.69M
Gross Profit1.96M0.001.71K66.57K358.14K12.69M
EBITDA-8.02M-2.20M11.98M-40.78M-20.86M3.47M
Net Income-555.50K-2.20M-21.25M-36.55M3.13M
Balance Sheet
Total Assets27.31M21.56M31.26M55.62M19.89M19.99M
Cash, Cash Equivalents and Short-Term Investments4.14M4.80M2.98M4.12M18.73M18.79M
Total Debt0.000.000.000.000.000.00
Total Liabilities1.73M1.18M1.25M4.97M350.37K1.16M
Stockholders Equity25.58M20.38M30.02M50.65M19.54M18.82M
Cash Flow
Free Cash Flow-2.92M-5.48M-5.33M-37.39M-14.14M7.57M
Operating Cash Flow-2.55M-5.33M-5.33M-35.79M-14.14M7.57M
Investing Cash Flow-876.27K6.99M4.30M948.24K0.000.00
Financing Cash Flow0.000.000.0035.67M15.18M433.39K

Eco Atlantic Oil & Gas Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.39
Price Trends
50DMA
0.78
Positive
100DMA
0.54
Positive
200DMA
0.35
Positive
Market Momentum
MACD
0.06
Positive
RSI
54.27
Neutral
STOCH
21.51
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 0.95, below the 50-day MA of 0.78, and above the 200-day MA of 0.35, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 54.27 is Neutral, neither overbought nor oversold. The STOCH value of 21.51 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
C$364.38M8.3621.90%8.44%2.20%38.33%
74
Outperform
C$95.35M0.8218.65%2.08%10.08%322.40%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
56
Neutral
C$328.55M31.91-2.71%86.19%
50
Neutral
C$134.17M-6.84-6.17%98.92%
50
Neutral
C$396.21M-8.00-10.39%
41
Neutral
C$81.25M-0.41-188.43%-1886.78%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:EOG
Eco Atlantic Oil & Gas
0.95
0.78
475.76%
TSE:AFE
Africa Energy
0.28
0.11
60.00%
TSE:ALV
Alvopetro Energy
9.92
4.96
100.04%
TSE:RECO
Reconnaissance Energy Africa
1.06
0.55
107.84%
TSE:OYL
CGX Energy
0.24
0.11
92.00%
TSE:ORC.B
Orca Exploration Group
3.35
2.00
147.42%
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.Date of analysis: Mar 17, 2026