Eco Atlantic Oil & Gas (EOG) AI Stock Analysis

• Market Cap: £45.71M
• Dividend Yield: N/A
• Average Volume (3M): 133.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: N/A
• EPS Growth: 87.40%
• 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: 112,008
• 30 Day Avg. Volume: 133,693
• PEG Ratio: 0.04
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 23184.96
• P/FCF Ratio: -7.42
• 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: £2.33
• Price Target Upside: 1565.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: ―

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 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

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	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	59.60K	1.71K	66.57K	3.56K	0.00	358.14K
Gross Profit	59.60K	1.71K	66.57K	3.56K	0.00	358.14K
EBITDA	11.28M	11.98M	-40.78M	-5.11M	-4.57M	-20.86M
Net Income	-22.14M	-21.25M	-36.55M	-7.99M	-3.63M	―
Balance Sheet
Total Assets	27.18M	31.26M	55.62M	45.87M	16.93M	19.89M
Cash, Cash Equivalents and Short-Term Investments	6.10M	2.98M	4.12M	3.49M	13.36M	18.73M
Total Debt	0.00	0.00	0.00	0.00	348.90K	0.00
Total Liabilities	829.31K	1.25M	4.97M	5.65M	947.08K	350.37K
Stockholders Equity	26.35M	30.02M	50.65M	40.22M	16.03M	19.54M
Cash Flow
Free Cash Flow	-6.37M	-5.33M	-37.39M	-4.63M	-5.25M	―
Operating Cash Flow	-6.37M	-5.33M	-35.79M	-4.63M	-3.50M	―
Investing Cash Flow	10.12M	4.30M	948.24K	-8.50M	-3.31M	0.00
Financing Cash Flow	0.00	0.00	35.67M	4.87M	0.00	15.18M

Eco Atlantic Oil & Gas Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 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 0.14 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.62 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 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
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
JEV	45 Neutral	C$48.65M	―	-72.40%	―	-100.00%	5.19%
NSE	44 Neutral	$46.97M	―	-434.16%	―	―	-23.72%
PPR	43 Neutral	C$42.05M	―	57.68%	―	-24.90%	64.31%
EOG	41 Neutral	£45.71M	―	-11.05%	―	―	87.40%
OYL	39 Underperform	C$49.09M	―	-180.57%	―	―	-2034.82%
AFE	35 Underperform	C$76.67M	―	-57.32%	―	―	84.07%