Eco Atlantic Oil & Gas (TSE:EOG)
:EOG
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Eco Atlantic Oil & Gas
(EOG)
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Rating:54Neutral
Price Target:
C$1.50
▲(30.43% Upside)
Action:Reiterated
Date:04/21/26
The score is held back primarily by weak financial performance—ongoing losses and negative free cash flow—despite a low-debt balance sheet. Stronger technical momentum (price above key moving averages with positive MACD) provides support, but valuation is not compelling given the high P/E and no dividend yield.
Positive Factors
Low Debt / Strong Balance Sheet
Effectively zero debt and positive shareholders' equity materially lower financial risk and extend runway for an exploration company. This structural strength supports funding flexibility for farm‑outs, carried partnerships, or targeted asset monetization while absorbing ongoing cash burn.
Negative Factors
Negative Cash Generation
Persistent negative operating and free cash flows reflect structural inability to self‑fund exploration activity. Over the medium term this forces dependence on equity raises, partner carry or asset sales, increasing dilution risk and potentially delaying or reducing project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Debt / Strong Balance Sheet
Effectively zero debt and positive shareholders' equity materially lower financial risk and extend runway for an exploration company. This structural strength supports funding flexibility for farm‑outs, carried partnerships, or targeted asset monetization while absorbing ongoing cash burn.
Read all positive factors
Eco Atlantic Oil & Gas (EOG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$306.07M
Dividend YieldN/A
Average Volume (3M)147.72K
Price to Earnings (P/E)―
Beta (1Y)-0.47
Revenue GrowthN/A
EPS Growth95.40%
CountryCA
Employees6
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding347,809,020
10 Day Avg. Volume143,929
30 Day Avg. Volume147,721
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.90
Price to Sales (P/S)0.00
P/FCF Ratio-10.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.25Price Target Upside95.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Eco Atlantic Oil & Gas Business Overview & Revenue Model
Company Description
Eco (Atlantic) Oil & Gas Ltd. is primarily engaged in the identification, acquisition, exploration, and development of conventional and unconventional oil and gas resources. The company's strategic focus spans two key regions: the Republic of Nami...
How the Company Makes Money
Eco (Atlantic) Oil & Gas generally seeks to generate value and potential revenue through upstream exploration and asset monetization rather than through large-scale producing operations. Its primary economic pathway is to obtain interests in explo...
Eco Atlantic Oil & Gas Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.96M | 0.00 | 1.71K | 66.57K | 3.56K | 0.00 |
| Gross Profit | 1.96M | ― | 1.71K | 66.57K | 3.56K | -1.66M |
| EBITDA | -7.61M | -2.20M | -4.82M | -38.36M | -3.94M | -4.57M |
| Net Income | -897.83K | -2.20M | -21.25M | -36.55M | -6.56M | -3.63M |
Balance Sheet | ||||||
| Total Assets | 19.89M | 21.56M | 31.26M | 55.62M | 45.87M | 16.93M |
| Cash, Cash Equivalents and Short-Term Investments | 3.01M | 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 | 1.26M | 1.18M | 1.25M | 4.97M | 5.65M | 947.08K |
| Stockholders Equity | 18.63M | 20.38M | 30.02M | 50.65M | 40.22M | 16.03M |
Cash Flow | ||||||
| Free Cash Flow | -3.31M | -5.48M | -5.33M | -37.39M | -4.63M | -5.25M |
| Operating Cash Flow | -2.93M | -5.33M | -5.33M | -35.79M | -4.63M | -3.50M |
| Investing Cash Flow | -814.73K | 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
Negative
1.15
Price Trends
1.09
Negative
0.97
Negative
0.61
Positive
Market Momentum
-0.05
Positive
33.07
Neutral
15.73
Positive
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 1.15 is above the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.09, and above the 200-day MA of 0.61, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 33.07 is Neutral, neither overbought nor oversold. The STOCH value of 15.73 is Positive, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$325.88M | 9.29 | 25.87% | 8.44% | 27.04% | 39.61% | |
68 Neutral | C$86.43M | 3.15 | 18.65% | 2.08% | -21.51% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | C$306.07M | -226.67 | -4.77% | ― | ― | 95.40% | |
47 Neutral | C$431.93M | -28.34 | -6.97% | ― | ― | 50.47% | |
41 Neutral | C$55.86M | -0.52 | -599.98% | ― | 957.78% | -2905.77% | |
40 Underperform | C$93.44M | -14.48 | -6.17% | ― | ― | 96.52% |
* Energy Sector Average
TSE:EOG
Eco Atlantic Oil & Gas
0.88
0.69
363.16%
TSE:AFE
Africa Energy
0.20
0.05
39.29%
TSE:ALV
Alvopetro Energy
8.79
2.44
38.45%
TSE:RECO
Reconnaissance Energy Africa
1.14
0.72
171.43%
TSE:OYL
CGX Energy
0.17
0.09
106.25%
TSE:ORC.B
Orca Exploration Group
2.86
1.59
126.41%
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.