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Metgasco Ltd
(Sydney:MEL)
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Rating:46Neutral
Price Target:
AU$0.02
▲(60.00% Upside)
Action:Reiterated
Date:10/08/26
The score is held down primarily by weak financial performance—ongoing losses and negative equity signal a stressed capital structure despite improved 2026 operating and free cash flow. Technicals provide some support via positive momentum and price above key moving averages, but the extremely overbought RSI raises near-term downside risk. Valuation offers limited support due to negative earnings and no dividend yield data.
Positive Factors
Improved Cash Generation
The shift to positive operating and free cash flow in 2026 is an important improvement in internal funding capacity. If sustained, it could reduce reliance on external capital, support petroleum asset progression, and provide greater flexibility for ongoing operations and investment.
Negative Factors
Negative Shareholders’ Equity
Negative shareholders’ equity signals a materially weakened capital structure and leaves the company with little balance-sheet cushion against further losses. It can constrain investment capacity, complicate financing, and increase dependence on dilution or refinancing to fund petroleum activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
The shift to positive operating and free cash flow in 2026 is an important improvement in internal funding capacity. If sustained, it could reduce reliance on external capital, support petroleum asset progression, and provide greater flexibility for ongoing operations and investment.
Read all positive factors
Metgasco Ltd (MEL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$587.88K
Dividend Yield1.49%
Average Volume (3M)41.20K
Price to Earnings (P/E)―
Beta (1Y)-0.63
Revenue Growth-37.26%
EPS Growth60.11%
CountryAU
Employees3,000
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.04
Shares Outstanding36,742,275
10 Day Avg. Volume32,825
30 Day Avg. Volume41,195
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.10
Price to Sales (P/S)0.30
P/FCF Ratio1.37
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
Metgasco Ltd Business Overview & Revenue Model
Company Description
Metgasco Limited is an Australian firm dedicated to the discovery and cultivation of oil and natural gas deposits. Furthermore, it allocates capital to and constructs energy infrastructure relevant to its operations. The company was founded in 199...
How the Company Makes Money
Metgasco Ltd’s typical monetisation approach (consistent with oil and gas explorers/developers) would be to generate value and potential income through progressing petroleum assets and then realising returns via outcomes such as farm-out agreement...
Metgasco Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
14
Very Negative
Cash Flow
42
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.35M | 2.16M | 2.37M | 475.84K | 0.00 |
| Gross Profit | -893.28K | -177.28K | 1.14M | -286.00K | -861.00 |
| EBITDA | -317.44K | -1.25M | -11.76M | -1.34M | -6.11M |
| Net Income | -1.28M | -3.27M | -13.20M | -1.53M | -6.11M |
Balance Sheet | |||||
| Total Assets | 8.12M | 9.76M | 9.16M | 18.05M | 17.28M |
| Cash, Cash Equivalents and Short-Term Investments | 1.62M | 1.12M | 880.61K | 642.16K | 3.64M |
| Total Debt | 2.54M | 4.30M | 2.66M | 771.41K | 0.00 |
| Total Liabilities | 11.97M | 12.35M | 9.45M | 6.78M | 6.98M |
| Stockholders Equity | -3.85M | -2.58M | -291.79K | 11.27M | 10.30M |
Cash Flow | |||||
| Free Cash Flow | 294.32K | -746.97K | -2.33M | -7.56M | -6.13M |
| Operating Cash Flow | 668.12K | -651.81K | -282.74K | -1.37M | 2.85M |
| Investing Cash Flow | -623.39K | -2.01M | -2.05M | -6.19M | -8.81M |
| Financing Cash Flow | 453.51K | 2.90M | 2.57M | 4.56M | 9.03M |
Metgasco Ltd Technical Analysis
Positive
0.01
Price Trends
0.02
Positive
0.01
Positive
0.02
Positive
Market Momentum
<0.01
Positive
96.14
Negative
64.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEL, the sentiment is Positive. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 96.14 is Negative, neither overbought nor oversold. The STOCH value of 64.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MEL.
Metgasco Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | AU$42.15M | -8.48 | -13.43% | ― | 2.57% | -163.46% | |
51 Neutral | AU$353.41M | -12.73 | -7.49% | ― | -13.67% | 85.97% | |
46 Neutral | AU$587.88K | -0.36 | 36.32% | 1.49% | -37.26% | 60.11% | |
46 Neutral | AU$19.02M | -3.11 | -23.11% | ― | ― | 71.52% | |
46 Neutral | AU$12.05M | -20.00 | -1.65% | ― | ― | 37.50% | |
43 Neutral | AU$119.21M | -19.19 | -4.77% | ― | ― | -76.19% |
* Energy Sector Average
AU:MEL
Metgasco Ltd
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Metgasco Ltd Corporate Events
Metgasco Reclassifies Cooper Basin Gas, Shifting Volumes to Contingent Resources
Oct 25, 2026
Metgasco has reported a substantial reclassification of reserves and contingent resources at its Vali and Odin gas fields in the Cooper Basin, following an independent review by Chris Dykes Reserves International. While the total gas in place rema...
Metgasco Secures Funding Amid Lower Gas Output and Recapitalisation Drive
Jul 31, 2026
Metgasco Ltd reported softer June quarter operating metrics as it continues to reposition its portfolio in the Australian oil and gas sector. The company relies on sales gas and associated liquids from the Odin and Vali fields, and is seeking farm...
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.