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88 Energy
(Sydney:88E)
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Rating:46Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:Reiterated
Date:09/27/26
The score is driven primarily by weak financial performance (minimal revenue, recurring losses, and ongoing cash burn with declining equity), which outweighs the benefit of having no reported debt. Technicals are relatively neutral and provide limited support, while valuation is constrained by a negative P/E and no dividend yield information.
Positive Factors
Debt-free balance sheet
The absence of reported debt reduces near-term solvency pressure and avoids interest obligations that could further strain exploration funding. This gives 88 Energy more flexibility to manage its Alaska portfolio, although it does not remove the need to secure future financing.
Negative Factors
No meaningful revenue base
The lack of meaningful revenue leaves 88 Energy without a demonstrated recurring operating income stream to fund exploration, overheads or future development. Until projects generate proceeds or commercial production, the company remains dependent on asset transactions, partners or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt reduces near-term solvency pressure and avoids interest obligations that could further strain exploration funding. This gives 88 Energy more flexibility to manage its Alaska portfolio, although it does not remove the need to secure future financing.
Read all positive factors
88 Energy (88E) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$25.29M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue GrowthN/A
EPS Growth-45.54%
CountryAU
Employees10
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,330,953,000
10 Day Avg. Volume1,193,250
30 Day Avg. Volume1,006,792
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.29
Price to Sales (P/S)0.00
P/FCF Ratio-6.50
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)>-0.01
Revenue Forecast (FY)N/A
88 Energy Business Overview & Revenue Model
Company Description
88 Energy Limited, an Australian company established in 1996 and based in Subiaco, is dedicated to exploring for oil and gas properties primarily within the United States, with a significant focus on Alaska's North Slope. The company holds various...
How the Company Makes Money
88 Energy’s business model is typical of an upstream exploration-focused company: it seeks to create value by making hydrocarbon discoveries and then monetising those interests through farming-out (selling a portion of an asset to a partner), join...
88 Energy Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 2.50K | 4.45K |
| Gross Profit | -96.19K | -90.72K | -79.05K | -64.23K | -60.31K | 4.36M |
| EBITDA | -3.69M | -4.52M | -31.28M | -16.04M | -73.98M | -1.13M |
| Net Income | -34.21M | -52.91M | -32.82M | -14.44M | -70.72M | -2.41M |
Balance Sheet | ||||||
| Total Assets | 90.87M | 87.98M | 148.99M | 156.53M | 133.03M | 145.78M |
| Cash, Cash Equivalents and Short-Term Investments | 8.22M | 6.82M | 7.20M | 18.18M | 14.12M | 32.32M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.32M | 362.67K | 356.79K | 840.04K | 1.35M | 5.94M |
| Stockholders Equity | 88.55M | 87.62M | 148.64M | 155.69M | 131.68M | 139.84M |
Cash Flow | ||||||
| Free Cash Flow | -3.38M | -3.91M | -28.73M | -35.29M | -188.20M | -47.44M |
| Operating Cash Flow | -3.38M | -3.91M | -3.41M | -5.38M | -135.55M | -5.65M |
| Investing Cash Flow | -1.80M | 4.07M | -17.38M | -23.67M | -57.84M | 3.15M |
| Financing Cash Flow | 4.64M | 0.00 | 9.03M | 33.09M | 43.90M | 19.09M |
88 Energy Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
<0.01
Positive
44.88
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:88E, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.88 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:88E.
88 Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$35.96M | 6.15 | 16.54% | 5212.50% | -6.93% | 300.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | AU$38.79M | -21.74 | -1.90% | ― | -22.27% | -137.78% | |
46 Neutral | AU$25.29M | -0.68 | -38.84% | ― | ― | -45.54% | |
46 Neutral | AU$17.66M | -3.11 | -23.11% | ― | ― | 71.52% | |
44 Neutral | AU$41.94M | -17.78 | -14.52% | ― | ― | ― | |
43 Neutral | AU$15.13M | -0.31 | -133.55% | ― | ― | -1008.33% |
* Energy Sector Average
AU:88E
88 Energy
0.02
>-0.01
-4.76%
AU:BRU
Buru Energy
0.01
>-0.01
-26.32%
AU:MAY
Melbana Energy Limited
0.01
>-0.01
-41.18%
AU:OEL
Otto Energy Limited
―
―
―
AU:BRK
Brookside Energy
0.40
0.02
5.26%
AU:TDO
3D Oil Limited
0.08
-0.07
-46.67%
88 Energy Corporate Events
88 Energy outlines technical framework and risks for South Prudhoe Augusta-1 well
Jul 5, 2026
88 Energy has released a technical presentation outlining the framework for its South Prudhoe Augusta-1 exploration well, providing investors with an overview of its petroleum prospects and associated resource reporting. The document emphasises th...
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.