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Omega Oil & Gas Limited
(Sydney:OMA)
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Rating:53Neutral
Price Target:
AU$0.84
â–Ľ(-6.44% Downside)
Action:Reiterated
Date:10/13/26
The score is primarily held back by weak profitability and a negative P/E, despite a strong low-debt balance sheet and a recent rebound to positive operating and free cash flow. Technicals are mixed, with longer-term trend support but softer near-term momentum.
Positive Factors
Low Leverage
Minimal debt relative to the equity base gives Omega Oil & Gas financial flexibility while it evaluates exploration opportunities. Low leverage reduces fixed financial obligations, improves resilience during development uncertainty, and preserves capacity to fund operations or absorb losses.
Negative Factors
Deep Losses
Large losses and deeply negative margins show that current activity is not yet producing an economically sustainable earnings base. Persistent unprofitability can consume equity, constrain reinvestment, and make future results highly dependent on successful commercialization of exploration assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt relative to the equity base gives Omega Oil & Gas financial flexibility while it evaluates exploration opportunities. Low leverage reduces fixed financial obligations, improves resilience during development uncertainty, and preserves capacity to fund operations or absorb losses.
Read all positive factors
Omega Oil & Gas Limited (OMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$450.76M
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue GrowthN/A
EPS Growth-35.25%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding543,082,640
10 Day Avg. Volume1,001,235
30 Day Avg. Volume1,185,654
Financial Highlights & Ratios
PEG Ratio-1.13
Price to Book (P/B)1.69
Price to Sales (P/S)2794.72
P/FCF Ratio24.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.40Price Target Upside55.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)-AU$1.39M
Omega Oil & Gas Limited Business Overview & Revenue Model
Company Description
Omega Oil & Gas Limited is an Australian entity within the energy and resources sector, specializing in the exploration for and extraction of natural gas and crude oil. The company's key assets comprise two exploration permits, Authorities to Pros...
Omega Oil & Gas Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 103.02K | 0.00 | 0.00 | 78.45K | 0.00 |
| Gross Profit | -5.14M | -78.70K | -126.04K | 38.06K | -32.91K |
| EBITDA | -9.21M | -3.77M | -2.64M | -4.99M | -1.94M |
| Net Income | -7.19M | -3.86M | -2.22M | -5.34M | -2.01M |
Balance Sheet | |||||
| Total Assets | 183.09M | 53.23M | 42.27M | 25.41M | 19.91M |
| Cash, Cash Equivalents and Short-Term Investments | 102.05M | 7.83M | 17.28M | 2.16M | 14.88M |
| Total Debt | 210.69K | 28.21K | 65.91K | 227.08K | 2.94M |
| Total Liabilities | 12.32M | 2.83M | 3.41M | 5.38M | 4.29M |
| Stockholders Equity | 170.77M | 50.40M | 38.86M | 20.03M | 19.39M |
Cash Flow | |||||
| Free Cash Flow | 11.58M | -2.54M | -6.13M | -17.16M | -3.45M |
| Operating Cash Flow | 11.67M | -2.36M | -1.80M | -4.04M | -3.45M |
| Investing Cash Flow | -23.10M | -21.80M | -3.83M | -15.63M | 0.00 |
| Financing Cash Flow | 105.65M | 14.71M | 20.76M | 19.51M | 5.39M |
Omega Oil & Gas Limited Technical Analysis
Positive
0.90
Price Trends
0.74
Positive
0.66
Positive
0.67
Positive
Market Momentum
0.02
Negative
62.02
Neutral
73.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OMA, the sentiment is Positive. The current price of 0.9 is above the 20-day moving average (MA) of 0.72, above the 50-day MA of 0.74, and above the 200-day MA of 0.67, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 62.02 is Neutral, neither overbought nor oversold. The STOCH value of 73.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:OMA.
Omega Oil & Gas Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$383.32M | 23.27 | 17.91% | 12.21% | -23.44% | -18.10% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$450.76M | -50.30 | -5.15% | ― | ― | -35.25% | |
51 Neutral | AU$357.02M | -12.86 | -7.49% | ― | -13.67% | 85.97% | |
47 Neutral | AU$187.64M | -43.75 | -1.58% | ― | ― | -220.00% | |
42 Neutral | AU$331.77M | -15.17 | -9.91% | ― | ― | 28.92% | |
42 Neutral | AU$113.85M | -25.91 | -8.65% | ― | ― | 93.01% |
* Energy Sector Average
AU:OMA
Omega Oil & Gas Limited
0.83
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Omega Oil & Gas Limited Corporate Events
Omega Oil & Gas secures strong shareholder backing as Taroom Trough ambitions grow
Oct 29, 2026
Omega Oil Gas Limited has reported that all resolutions at its Annual General Meeting were passed by poll, reflecting solid shareholder support for the company’s current strategy and governance. The adoption of the Remuneration Report gaine...
Omega Oil & Gas updates shareholders at AGM with risk-qualified outlook
Oct 29, 2026
Omega Oil Gas Limited has released a Chief Executive Officer and Managing Director presentation in conjunction with its Annual General Meeting, outlining a high-level update on the company and its activities. The document is framed as a general i...
Omega Oil & Gas Cements Taroom Trough Dominance After Canyon Appraisal Success
Oct 28, 2026
Omega Oil Gas reported a transformational quarter marked by strong appraisal results from its Canyon Project in Queensland’s Taroom Trough. Two wells, Canyon-3 and Canyon-4, exceeded expectations by confirming a regionally extensive, contin...
Omega Oil & Gas begins Canyon North-1 to test regional scale of Taroom Trough play
Oct 20, 2026
Omega Oil Gas has begun drilling the Canyon North-1 well in ATP 2081, the third well in its 2026/27 appraisal campaign and the first under a joint venture with Tri-Star and Beach Energy, marking rapid progress just seven months after the permit a...
Omega Oil & Gas updates director Quentin Flannery’s equity holdings
Oct 19, 2026
Omega Oil Gas Ltd has disclosed a change in director Quentin Joseph Flannery’s relevant interests in the company’s securities, detailing adjustments to both his direct shareholding and indirect holdings through related entities. The f...
Omega Oil & Gas boosts director stake with fee share issuance
Oct 19, 2026
Omega Oil Gas Ltd is an energy company operating in the oil and gas sector, focused on exploration and development activities. The company is listed on the ASX and uses equity-based awards, including ordinary shares and unlisted options, to remun...
Omega Oil & Gas Issues New Shares to Directors, Suppliers and Option Holders
Oct 13, 2026
Omega Oil Gas Limited has issued and allotted 2,340,370 fully paid ordinary shares, comprising director fee shares, shares for supplier services and shares arising from the exercise of unlisted options. The move modestly expands the company’...
Omega Oil & Gas Seeks ASX Quotation for 2.05m New Shares
Oct 13, 2026
Omega Oil Gas Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is listed on the Australian Securities Exchange under the ticker OMA, giving investors exposure to hydrocarbons-focused assets an...
Omega Oil & Gas Seeks ASX Quotation for Additional Ordinary Shares
Oct 13, 2026
Omega Oil Gas Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is listed on the Australian Securities Exchange under the ticker OMA, positioning it within Australia’s upstream hydrocarbo...
Omega Oil & Gas Seeks ASX Quotation for New Employee Shares
Oct 13, 2026
Omega Oil Gas Limited has applied to the ASX for quotation of 274,239 new ordinary fully paid shares. The securities have been issued under an employee incentive scheme, signalling the company’s use of equity-based compensation to reward or...
Omega Oil & Gas Grants New Unquoted Performance Rights to Staff
Oct 13, 2026
Omega Oil Gas Limited has issued 1,225,000 unquoted performance rights under its employee incentive scheme, dated October 13, 2026. These securities, identified by ASX code OMAAI, are not intended to be quoted on the ASX and form part of the comp...
Omega Oil & Gas Marks Best Canyon Well Yet, Strengthening Taroom Trough Potential
Oct 11, 2026
Omega Oil Gas has reported its best well result to date from the Canyon-4 appraisal well on the eastern flank of Queensland’s Taroom Trough. The company says the well delivered a thicker hydrocarbon-bearing sequence, higher net pay and impr...
Omega Oil & Gas halts ASX trading ahead of material Canyon-4 well update
Oct 7, 2026
Omega Oil Gas Limited has requested a trading halt in its ordinary shares on the Australian Securities Exchange, with ASX supervision confirming the halt will apply until either normal trading resumes on 12 October 2026 or the company releases a ...
Omega Oil & Gas Issues AGM Materials as Taroom Trough Project Advances
Sep 18, 2026
Omega Oil Gas Limited, an Australian oil and gas exploration company listed on the ASX, concentrates on developing the deep hydrocarbon potential of Queensland’s Taroom Trough within the Bowen Basin. Its Canyon-1H well has demonstrated subs...
Omega Oil & Gas Details Governance Structure in 2026 Annual Report
Sep 18, 2026
Omega Oil Gas Limited has released its 2026 annual report, outlining its current corporate structure and governance arrangements. The report highlights the company’s board of directors, company secretary, auditor, legal advisers, banking pa...
Omega Oil & Gas lodges FY2026 governance filings as Taroom Trough ambitions advance
Sep 18, 2026
Omega Oil Gas Limited, an Australian exploration company focused on unlocking deep oil and gas resources in Queensland’s Taroom Trough, has built a reputation on the successful drilling, fracture stimulation and testing of its Canyon-1H wel...
Omega Oil & Gas Starts Canyon-4 Well in Key Taroom Trough Appraisal Campaign
Sep 7, 2026
Omega Oil Gas has commenced drilling the Canyon-4 well in Queensland’s Taroom Trough, the second well in its fully funded 2026/27 appraisal program using the HP FlexRig 648. Located about 8km south of the highly successful Canyon-3 well, Ca...
S&P Dow Jones Indices Unveils September Rebalance of Key S&P/ASX Benchmarks
Sep 4, 2026
SP Dow Jones Indices has announced its September 2026 quarterly rebalance of the SP/ASX indices, with changes effective before trading opens on September 21. While the SP/ASX 20 remains unchanged, Mineral Resources and NEXTDC will join the SP/ASX ...
Omega Oil & Gas Well Results Boost Case for Major Taroom Trough Province
Aug 24, 2026
Omega Oil Gas has reported better than expected results from its Canyon-3 appraisal well in the eastern Taroom Trough, confirming a thick, oil and gas-bearing Permian interval and stronger reservoir characteristics than earlier drilling. The well...
Omega Oil & Gas revises CEO incentive package with new performance rights
Aug 17, 2026
Omega Oil Gas has completed an annual review of the incentive package for Managing Director and CEO Trevor Brown, aiming to keep executive remuneration competitive and aligned with the company’s growth ambitions. The board’s non-execu...
Omega advances Canyon-3 drilling in bid to prove major new oil and gas province
Aug 6, 2026
Omega Oil Gas has reported that drilling at its Canyon-3 appraisal well in Queensland’s Taroom Trough is progressing safely and on schedule, with the well currently at 2,570m and aiming for a total depth of about 3,900m. Canyon-3, located 1...
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.