Permex Petroleum Corporation (OIL) AI Stock Analysis

• Market Cap: C$1.93M
• Dividend Yield: N/A
• Average Volume (3M): 347.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -62.53%
• EPS Growth: -21.27%
• Country: CA
• Employees: 1
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -12.64
• Shares Outstanding: 551,503
• 10 Day Avg. Volume: 223
• 30 Day Avg. Volume: 347
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 6.85
• Price to Cash Flow (P/CF): -0.30
• 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

The overall score reflects significant financial challenges and weak technical indicators. The company's negative income growth, increased leverage, and liquidity issues heavily weigh on the score. While technical analysis points to an oversold condition, implying potential for a rebound, the negative valuation further depresses the stock's attractiveness.

Permex Petroleum Corporation Business Overview & Revenue Model

Company Description

Permex Petroleum Corporation is a junior oil and gas company focused on the acquisition, development, and production of oil and natural gas assets in North America. The company operates primarily in the Permian Basin and the Delaware sub-basin, which are prolific regions known for their rich reserves and mature infrastructure. Permex Petroleum engages in both conventional and unconventional resource development, leveraging its expertise to maximize extraction efficiency and output.

How the Company Makes Money

Permex Petroleum Corporation makes money by exploring, extracting, and producing crude oil and natural gas, which it then sells to refineries and other buyers in the energy market. The company's revenue streams are primarily derived from the sale of these hydrocarbons, with prices influenced by global oil and gas markets. Additionally, Permex invests in acquiring and developing new oil and gas leases to expand its reserves and production capacity. Strategic partnerships and joint ventures with other energy companies also play a role in enhancing operational efficiencies and sharing exploration and development costs, contributing to Permex's profitability.

Permex Petroleum Corporation Financial Statement Overview

Summary

Permex Petroleum Corporation's financial health appears strained across all major financial statements. Persistent net losses and declining revenue suggest operational inefficiencies. Increased debt levels and negative cash flows highlight financial instability and liquidity risks, necessitating strategic improvements for future sustainability.

Income Statement

Permex Petroleum Corporation's income statement reveals significant challenges. The company has experienced negative growth in revenue with a sharp decline from $688,827 in 2023 to $189,699 TTM in 2024. Gross profit margins are negative, indicating costs exceed revenue. Consistently negative net income and EBIT margins highlight struggles with profitability.

Balance Sheet

The balance sheet shows a decrease in stockholders' equity and a poor debt-to-equity ratio, moving from 0.05 in 2021 to 0.70 TTM in 2024, indicating increased leverage. The equity ratio has also decreased, suggesting reduced financial stability. These factors highlight potential risks with solvency and financial independence.

Cash Flow

Cash flow analysis reflects negative free cash flow and negative operating cash flow, emphasizing liquidity issues. The company has not demonstrated consistent free cash flow growth, which could challenge funding operations without external financing.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
189.70K	116.03K	688.83K	1.20M	106.89K	917.72K
	Gross Profit
-459.52K	-162.61K	-345.48K	-76.91K	-91.75K	95.28K
	EBIT
-3.72M	-3.02M	-3.98M	―	-723.28K	-487.72K
	EBITDA
-4.17M	-3.42M	-3.78M	-3.16M	-1.18M	-414.80K
	Net Income Common Stockholders
-5.21M	-3.99M	-3.94M	-3.47M	-1.58M	-1.69M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
690.80K	1.51M	82.74K	4.51M	32.79K	7.36K
	Total Assets
11.41M	12.06M	10.94M	17.19M	10.37M	9.33M
	Total Debt
2.96M	3.78M	284.46K	387.29K	237.72K	295.59K
	Net Debt
2.27M	2.26M	201.72K	-4.13M	204.92K	288.23K
	Total Liabilities
7.21M	7.96M	5.12M	2.88M	2.84M	4.91M
	Stockholders Equity
4.20M	4.11M	7.17M	14.31M	7.53M	4.43M
Cash Flow		Free Cash Flow
-3.56M	-2.29M	-3.74M	―	-1.34M	-195.64K
	Operating Cash Flow
-3.37M	-2.29M	-2.30M	―	-951.57K	5.51K
	Investing Cash Flow
-191.27K	66.77K	-1.45M	―	1.11M	-176.15K
	Financing Cash Flow
4.22M	3.65M	523.48K	9.55M	-129.89K	174.42K

Permex Petroleum Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.46
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OIL, the sentiment is Neutral. The current price of 3.46 is below the 20-day moving average (MA) of 3.58, below the 50-day MA of 3.84, and below the 200-day MA of 4.13, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 60.67 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:OIL.

Permex Petroleum Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CJ	74 Outperform	C$878.66M	8.01	11.78%	13.19%	3.79%	3.87%
TVE	70 Outperform	$1.93B	12.64	7.57%	4.68%	-0.17%	76.67%
IPO	66 Neutral	C$125.27M	13.24	3.24%	12.95%	-14.73%	-71.37%
BTE	63 Neutral	$1.96B	8.62	5.99%	3.65%	22.71%	―
Sector *	57 Neutral	$7.72B	4.32	-3.75%	6.33%	-0.11%	-64.75%
OIL	34 Underperform	C$1.93M	―	-96.12%	―	-62.53%	-21.27%

Permex Petroleum Corporation Corporate Events

Permex Petroleum Expands Operations in Permian Basin with New Agreement

Permex Petroleum Corporation has entered into an operating arrangement with a private operator in the Permian Basin, granting it rights over 19 wells. This strategic move is expected to provide an immediate new revenue stream and positively impact the company’s financial performance by leveraging its experienced operations team.