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

Eco Atlantic Oil & Gas (EOG) AI Stock Analysis

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Eco Atlantic Oil & Gas

(LSE:EOG)

34Underperform
Eco Atlantic Oil & Gas experiences substantial financial difficulties with negative earnings and cash flows, resulting in a low valuation score. The technical indicators suggest weak market momentum. These factors collectively contribute to a low overall stock score, reflecting high risk and uncertain prospects.

Eco Atlantic Oil & Gas (EOG) vs. S&P 500 (SPY)

Eco Atlantic Oil & Gas Business Overview & Revenue Model

Company DescriptionEco Atlantic Oil & Gas (EOG) is an oil and gas exploration company focused on the identification, acquisition, and development of hydrocarbon opportunities in emerging offshore regions. With a primary focus on the Atlantic Margin, particularly in Guyana and Namibia, EOG is committed to environmentally responsible exploration and production practices, employing advanced seismic technologies to identify and develop potential reserves in these prolific basins.
How the Company Makes MoneyEco Atlantic Oil & Gas generates revenue primarily through the exploration and development of oil and gas reserves. The company acquires exploration licenses and partners with other industry players to share both the risks and rewards of drilling activities. Once commercially viable reserves are discovered, EOG either participates in the development and production of these resources or sells its interest to larger oil companies, earning revenue from the sale of its stake or from future production. Key revenue streams include the sale of oil and gas production, farm-out agreements, and strategic partnerships with major oil and gas companies that provide financial and technical support for exploration activities.

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
25
Negative
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
40
Negative
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
30
Negative
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
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
59.60K1.71K66.57K3.56K0.00358.14K
Gross Profit
59.60K1.71K66.57K3.56K0.00358.14K
EBIT
-5.63M-4.84M-38.95M-3.83M-3.67M
EBITDA
11.28M11.98M-40.78M-5.11M-4.57M-20.86M
Net Income Common Stockholders
-22.14M-21.25M-36.55M-7.99M-3.63M
Balance SheetCash, Cash Equivalents and Short-Term Investments
6.10M2.98M4.12M3.49M13.36M18.73M
Total Assets
27.18M31.26M55.62M45.87M16.93M19.89M
Total Debt
0.000.000.000.00348.90K0.00
Net Debt
-6.03M-2.97M-4.11M-3.44M-11.46M-18.67M
Total Liabilities
829.31K1.25M4.97M5.65M947.08K350.37K
Stockholders Equity
26.35M30.02M50.65M40.22M16.03M19.54M
Cash FlowFree 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
10.12M4.30M948.24K-8.50M-3.31M0.00
Financing Cash Flow
0.000.0035.67M4.87M0.0015.18M

Eco Atlantic Oil & Gas Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.16
Price Trends
50DMA
0.19
Negative
100DMA
0.19
Negative
200DMA
0.20
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
32.80
Neutral
STOCH
28.33
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 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.80 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 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

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSTVE
74
Outperform
$2.10B13.557.57%3.95%-0.17%76.67%
TSPOU
73
Outperform
$2.37B6.959.38%11.18%3.08%-30.22%
TSTPZ
62
Neutral
C$3.62B74.383.62%5.52%-2.25%-3.28%
57
Neutral
$8.36B5.47-5.51%7.41%0.15%-68.69%
TSSOU
44
Neutral
C$16.09M-119.19%-27.09%-681.10%
TSAOI
42
Neutral
$792.93M-38.67%3.90%-438.52%
TSEOG
34
Underperform
£52.01M-58.84%-549.19%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:EOG
Eco Atlantic Oil & Gas
0.16
-0.01
-6.06%
TSE:POU
Paramount Resources
16.58
3.27
24.59%
TSE:TVE
Tamarack Valley Energy
4.20
0.64
17.85%
TSE:AOI
Africa Oil
1.89
-0.16
-7.85%
TSE:SOU
Southern Energy
0.10
-0.07
-42.42%
TSE:TPZ
Topaz Energy Corp
23.42
2.54
12.16%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.