NG Energy International (GASX) AI Stock Analysis

• Market Cap: C$291.21M
• Dividend Yield: N/A
• Average Volume (3M): 252.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: 5.13%
• EPS Growth: 61.58%
• Country: CA
• Employees: 41
• Sector: General
• Sector Strength: N/A
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.04
• Shares Outstanding: 260,012,600
• 10 Day Avg. Volume: 68,272
• 30 Day Avg. Volume: 252,195
• PEG Ratio: -0.03
• Price to Book (P/B): 3.65
• Price to Sales (P/S): 4.28
• P/FCF Ratio: -568.63
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: C$1.00 ▼(-12.28% Downside)

NG Energy International's overall stock score is primarily impacted by its financial instability and weak technical indicators. The negative valuation metrics further contribute to a low score, reflecting significant risks for investors.

Positive Factors

Revenue Growth

Sustained TTM revenue growth indicates the company is expanding gas sales and market penetration in its operating region. Over 2-6 months this supports durable demand visibility, underpins contractual negotiations, and provides a foundation for scaling operations if cash and capital allocation improve.

Strong Gross Margin

A ~52% gross margin demonstrates favorable production economics and a competitive cost base at the upstream level. This structural margin provides a buffer against commodity price swings and can support reinvestment in fields and infrastructure if operating and financing losses are addressed.

Contractual Sales & Partnerships

A revenue model built on extraction, long-term supply contracts and regional partnerships yields more predictable cash flows and lower customer-concentration risk. Structurally this enhances revenue stability and supports project planning and infrastructure investment over the medium term.

Negative Factors

High Leverage

A debt-to-equity ratio near 2.8 indicates significant leverage, increasing interest burden and refinancing risk. Over the medium term this constrains financial flexibility, limits capacity for capex or acquisitions, and raises vulnerability to commodity price or cash-flow shocks.

Weak Cash Generation

Negative free cash flow and a very low operating cash/earnings ratio show the business struggles to convert earnings into cash. Structurally this forces reliance on external financing, limiting reinvestment and elevating liquidity risk during prolonged downturns or high capex needs.

Persistent Unprofitability

Negative EBIT/EBITDA and net margins signal that operational costs and/or non-operating items erode gross profit. Over several months this undermines ability to self-fund growth, weakens shareholder returns, and necessitates structural cost improvements or capital restructuring to reach sustainable profitability.

NG Energy International Business Overview & Revenue Model

Company Description

NG Energy International Corp., an oil and gas company, engages in the acquisition, exploration, development, and exploitation of oil and natural gas assets in Colombia. It holds working interests in the SN-9 block, which covers an area of approximately 311,353 acres; the Maria Conchita block, covering an area of approximately 32,518 acres; and the Tiburon Block that covers an area of approximately 245,850 acres. The company was formerly known as NGX Energy International Corp. and changed its name to NG Energy International Corp. in November 2020. NG Energy International Corp. is headquartered in Vancouver, Canada.

How the Company Makes Money

NG Energy International generates revenue primarily through the extraction and sale of natural gas. The company earns money by selling its produced gas to various customers, including local utilities and industrial clients, which often enter into long-term supply agreements. Additionally, NG Energy may benefit from partnerships with other energy companies for joint exploration and production activities, which can provide access to shared resources and reduce operational costs. The company’s revenue model is bolstered by the fluctuating market prices of natural gas, allowing it to capitalize on favorable conditions. Strategic partnerships with regional governments and investment in infrastructure also contribute to its earnings by enhancing its operational efficiency.

NG Energy International Financial Statement Overview

Summary

NG Energy International faces significant financial challenges, including negative net profit margins, declining revenue, high leverage, and weak cash flow generation. These factors indicate a need for strategic improvements to stabilize and enhance financial performance.

Income Statement

NG Energy International shows a challenging financial position with negative net profit margins and declining revenue growth. The TTM data indicates a significant revenue decline of 66.3%, and the company has consistently reported negative EBIT and EBITDA margins, reflecting operational inefficiencies and profitability challenges.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage, which poses financial risk. The return on equity is negative, suggesting that the company is not generating returns for shareholders. However, the equity ratio is relatively stable, providing some balance sheet strength.

Cash Flow

Cash flow analysis highlights negative free cash flow and a low operating cash flow to net income ratio, indicating cash generation issues. Although there is some improvement in free cash flow growth, the overall cash flow position remains weak, with negative free cash flow to net income ratios.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.01M	38.21M	12.04M	1.77M	0.00	0.00
Gross Profit	19.35M	22.33M	4.54M	430.47K	-6.77K	-17.25K
EBITDA	-4.27M	5.19M	-423.00K	-7.01M	-5.28M	-3.84M
Net Income	-28.93M	-53.70M	-16.68M	-9.97M	-7.32M	-24.23M
Balance Sheet
Total Assets	235.05M	113.47M	106.86M	83.15M	23.15M	14.47M
Cash, Cash Equivalents and Short-Term Investments	13.79M	8.19M	1.29M	6.96M	5.85M	1.21M
Total Debt	103.04M	40.63M	82.18M	55.43M	2.99M	4.01M
Total Liabilities	209.80M	68.65M	96.77M	67.64M	6.41M	7.81M
Stockholders Equity	25.25M	44.82M	10.09M	15.51M	16.73M	6.66M
Cash Flow
Free Cash Flow	-11.91M	-287.33K	-22.47M	-34.23M	-10.73M	-7.08M
Operating Cash Flow	5.85M	18.47M	-3.55M	-3.59M	-5.24M	-2.57M
Investing Cash Flow	19.40M	-23.60M	-23.79M	-28.31M	-5.93M	-4.04M
Financing Cash Flow	-30.78M	12.58M	21.39M	33.56M	15.92M	6.36M

NG Energy International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.14
• 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:GASX, the sentiment is Positive. The current price of 1.14 is above the 20-day moving average (MA) of 1.04, above the 50-day MA of 1.02, and above the 200-day MA of 0.97, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 56.41 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GASX.

NG Energy International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALV	75 Outperform	C$251.61M	9.24	21.90%	8.44%	2.20%	38.33%
PRQ	63 Neutral	C$245.86M	502.70	0.20%	6.19%	-8.58%	-98.92%
JOY	58 Neutral	C$214.07M	10.90	5.81%	―	-1.47%	267.04%
CVVY	56 Neutral	C$264.46M	-9.86	-15.54%	―	-15.50%	-58.23%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FO	54 Neutral	C$277.29M	-68.06	-6.71%	―	―	-5.88%
GASX	40 Underperform	C$291.21M	-7.18	-79.56%	―	5.13%	61.58%

NG Energy International Corporate Events

NG Energy Closes Sinú-9 Deal, Sets 2026 Growth Plan and Share Buyback

NG Energy International has closed a series of transactions on the Sinú-9 Block in Colombia, leaving it with a 39% non-operating working interest alongside operator Maurel & Prom, which holds 61%, and securing a total of US$150 million in cash proceeds under revised payment terms. The joint venture plans a six-well drilling program at Sinú-9 in 2026, starting with Hechicero-1X, and NG Energy expects about US$50 million in 2026 capital expenditures including the Aruchara-5 well at Maria Conchita, supported by ongoing pipeline expansion to boost transportation capacity and position the company for higher production and cash flow. Additionally, the company has launched a normal course issuer bid to repurchase up to 10% of its public float and is proposing three new directors, including a new vice chairman and its CEO, signaling confidence in its balance sheet and governance as it enters a pivotal growth phase.

The most recent analyst rating on (TSE:GASX) stock is a Sell with a C$0.87 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.

NG Energy Wins Colombian Approval for US$150 Million Sinú-9 Block Deal

NG Energy International has secured approval from Colombia’s National Hydrocarbon Agency for its previously announced Sinú-9 Block transactions, clearing the final regulatory hurdle to sell a 40% working interest and operatorship to Etablissements Maurel & Prom for US$150 million and jointly acquire an additional 28% interest from minority partners. Upon closing, Maurel & Prom will operate the Sinú-9 Block with a 61% working interest while NG Energy will retain a 39% non-operating stake, positioning the partners to advance a six-well drilling campaign and potentially accelerate development of one of NG Energy’s key Colombian gas assets, with implications for the company’s growth trajectory and its ability to supply Colombia’s high-priced natural gas market.

The most recent analyst rating on (TSE:GASX) stock is a Sell with a C$0.87 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.

NG Energy to Resume Trading After Brief Halt Tied to Pending Regulatory Approval

NG Energy International has informed investors that trading in its common shares on the TSX Venture Exchange will resume shortly after a temporary halt requested on December 19, 2025. The company had asked for the halt in anticipation of a regulatory approval announcement, but that announcement has been postponed, signaling that while a regulatory decision remains pending, management expects trading activity in the stock to normalize in the near term.

The most recent analyst rating on (TSE:GASX) stock is a Sell with a C$0.87 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.

NG Energy Reports Strong Q3 2025 Results, Eyes Continued Growth

NG Energy International Corp. announced its Q3 2025 financial results, highlighting a significant increase in production and sales. The company achieved a 53% rise in natural gas and NGL sales compared to Q3 2024, driven by strong performance from its Sinú-9 field. Production efficiency improvements and favorable pricing conditions have expanded margins, while upcoming infrastructure enhancements and a strategic transaction with Maurel & Prom are expected to bolster financial flexibility and support further growth.

The most recent analyst rating on (TSE:GASX) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.

NG Energy Boosts Production Capacity with Key Infrastructure Advances

NG Energy International Corp. has announced significant operational achievements at its Maria Conchita and Sinú-9 natural gas projects in Colombia. The completion of the Aruchara-4 ST-1 well and major infrastructure advancements have increased production capacity and positioned the company for growth. The Aruchara-4 ST-1 well is now producing up to 15.9 MMcf/d, with potential for further increases, and the company expects to be cash flow positive by Q4 2025. Additionally, infrastructure improvements at Sinú-9 have enhanced processing capacity, marking a milestone in the company’s production capabilities and its contribution to Colombia’s domestic gas market.

The most recent analyst rating on (TSE:GASX) stock is a Sell with a C$1.00 price target. To see the full list of analyst forecasts on NG Energy International stock, see the TSE:GASX Stock Forecast page.