Eco Atlantic Oil & Gas (EOG) AI Stock Analysis

• Market Cap: £52.01M
• Dividend Yield: N/A
• Average Volume (3M): 115.66K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.30
• Revenue Growth: N/A
• EPS Growth: -549.19%
• Country: CA
• Employees: 3
• Sector: Energy
• Sector Strength: 72
• Industry: Fossil Fuels
• EPS (TTM): -0.08
• Shares Outstanding: 315,231,930
• 10 Day Avg. Volume: 200,827
• 30 Day Avg. Volume: 115,655
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -6.30
• P/FCF Ratio: 0.00
• 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

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 Business Overview & Revenue Model

Company Description

Eco 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 Money

Eco 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

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	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
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
	EBIT
-5.63M	-4.84M	-38.95M	-3.83M	-3.67M	―
	EBITDA
11.28M	11.98M	-40.78M	-5.11M	-4.57M	-20.86M
	Net Income Common Stockholders
-22.14M	-21.25M	-36.55M	-7.99M	-3.63M	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.10M	2.98M	4.12M	3.49M	13.36M	18.73M
	Total Assets
27.18M	31.26M	55.62M	45.87M	16.93M	19.89M
	Total Debt
0.00	0.00	0.00	0.00	348.90K	0.00
	Net Debt
-6.03M	-2.97M	-4.11M	-3.44M	-11.46M	-18.67M
	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: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 0.16 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TVE	74 Outperform	$2.10B	13.55	7.57%	3.95%	-0.17%	76.67%
POU	73 Outperform	$2.37B	6.95	9.38%	11.18%	3.08%	-30.22%
TPZ	62 Neutral	C$3.62B	74.38	3.62%	5.52%	-2.25%	-3.28%
Sector *	57 Neutral	$8.36B	5.47	-5.51%	7.41%	0.15%	-68.69%
SOU	44 Neutral	C$16.09M	―	-119.19%	―	-27.09%	-681.10%
AOI	42 Neutral	$792.93M	―	-38.67%	3.90%	―	-438.52%
EOG	34 Underperform	£52.01M	―	-58.84%	―	―	-549.19%