Tethys Petroleum Limited. (TSE:TPL)
:TPL
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Tethys Petroleum
(TPL)
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Rating:63Neutral
Price Target:
C$1.50
▲(7.14% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by improved profitability and a very low-risk balance sheet (no debt), tempered by volatile cash-flow generation and weak technical momentum (below major moving averages with negative MACD). Valuation is moderate based on the P/E.
Positive Factors
Conservative balance sheet
Zero reported debt materially reduces financial risk and interest burden, giving Tethys flexibility to fund capex, sustain operations through commodity cycles, and prioritize capital allocation without refinancing pressure. This balance-sheet strength supports resilience over multiple quarters.
Negative Factors
Earnings and revenue volatility
Large multi-year swings in revenue and episodic negative ROE show the business has unstable cash flows and earnings history. That volatility undermines predictability for capital planning, investor returns, and operating leverage, raising execution and financing risk across quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt materially reduces financial risk and interest burden, giving Tethys flexibility to fund capex, sustain operations through commodity cycles, and prioritize capital allocation without refinancing pressure. This balance-sheet strength supports resilience over multiple quarters.
Read all positive factors
Tethys Petroleum (TPL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$143.57M
Dividend Yield0.66%
Average Volume (3M)2.90K
Price to Earnings (P/E)13.9
Beta (1Y)0.69
Revenue Growth76.61%
EPS GrowthN/A
CountryCA
Employees232
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.08
Shares Outstanding114,857,250
10 Day Avg. Volume6,848
30 Day Avg. Volume2,904
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)2.94
Price to Sales (P/S)3.36
P/FCF Ratio34.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tethys Petroleum Business Overview & Revenue Model
Company Description
Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan. It holds 100% working interest in the Kyzyloi production contract covering 449 square kilometers; Akkulka exploration licence and contrac...
How the Company Makes Money
TPL’s core revenue model is based on upstream oil and gas economics: it generates revenue primarily by producing crude oil and/or natural gas from its fields and selling those volumes to purchasers (typically via offtake arrangements or sales into...
Tethys Petroleum Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
88
Very Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 26.42M | 15.20M | 36.48M | 65.49M | 15.91M |
| Gross Profit | 14.22M | 6.72M | 26.13M | 50.84M | 9.38M |
| EBITDA | 7.96M | -16.65M | 23.47M | 50.29M | 8.06M |
| Net Income | 6.67M | -12.39M | 9.74M | 12.30M | -3.99M |
Balance Sheet | |||||
| Total Assets | 64.23M | 56.23M | 85.33M | 87.27M | 73.94M |
| Cash, Cash Equivalents and Short-Term Investments | 8.15M | 5.96M | 7.22M | 14.54M | 9.28M |
| Total Debt | 0.00 | 0.00 | 0.00 | 2.51M | 6.58M |
| Total Liabilities | 33.97M | 33.08M | 43.14M | 52.15M | 51.59M |
| Stockholders Equity | 30.26M | 23.15M | 42.19M | 35.12M | 22.36M |
Cash Flow | |||||
| Free Cash Flow | 2.58M | -803.00K | -1.71M | 22.21M | -577.00K |
| Operating Cash Flow | 10.77M | 6.91M | 10.11M | 34.08M | 14.91M |
| Investing Cash Flow | -7.80M | -7.65M | -11.55M | -22.50M | -8.73M |
| Financing Cash Flow | -973.00K | 0.00 | -5.88M | -5.16M | 1.40M |
Tethys Petroleum Technical Analysis
Positive
1.40
Price Trends
1.46
Negative
1.55
Negative
1.38
Positive
Market Momentum
-0.05
Negative
51.93
Neutral
57.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TPL, the sentiment is Positive. The current price of 1.4 is above the 20-day moving average (MA) of 1.33, below the 50-day MA of 1.46, and above the 200-day MA of 1.38, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 51.93 is Neutral, neither overbought nor oversold. The STOCH value of 57.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TPL.
Tethys Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$251.48M | 13.87 | 6.79% | ― | -1.94% | -33.43% | |
74 Outperform | C$97.33M | 3.05 | 18.65% | 2.08% | -24.38% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | C$143.57M | 13.90 | -37.75% | 0.66% | 76.61% | ― | |
56 Neutral | C$234.09M | -10.00 | -4.63% | ― | -11.05% | -1520.04% | |
54 Neutral | C$382.59M | -281.01 | -4.77% | ― | ― | 95.40% | |
45 Neutral | C$117.58M | -1.26 | -10.07% | ― | 198.86% | -1237.72% |
* Energy Sector Average
TSE:TPL
Tethys Petroleum
1.40
0.20
16.67%
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Kolibri Global Energy
7.45
-2.41
-24.44%
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0.27
0.04
16.38%
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6.66
3.10
87.08%
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463.16%
TSE:ORC.B
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179.13%
Tethys Petroleum Corporate Events
Business Operations and StrategyFinancial Disclosures
Tethys Petroleum Reserves Steady but Asset Value Hit by Lower Oil Prices
Negative
Apr 10, 2026
Tethys Petroleum has reported updated reserves in Kazakhstan as of December 31, 2025, showing that total proved and total proved plus probable reserves volumes are broadly unchanged from the prior year. However, the Net Present Value of these rese...
Business Operations and StrategyRegulatory Filings and Compliance
Tethys Petroleum Lifts Output and Advances Kazakhstan Drilling and Gas Contracts
Positive
Mar 24, 2026
Tethys Petroleum Limited, an oil and gas exploration and production company focused on Central Asia, is currently producing oil from three Klymene wells in Kazakhstan and natural gas from 20 wells at its Kyzyloi and Akkulka gas fields. The company...
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.