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Omega Oil & Gas Limited
(Sydney:OMA)
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Rating:46Neutral
Price Target:
AU$0.50
▼(-44.44% Downside)
Action:Reiterated
Date:05/26/26
The score is held down primarily by weak financial performance (recurring losses and negative operating/free cash flow despite some improvement) and bearish technical signals (price below key moving averages with negative MACD). A strong, low-debt balance sheet provides support, but valuation is difficult to assess due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Extremely low leverage and a sizeable equity base give the company financial flexibility typical of early-stage E&P firms. This reduces near-term refinancing risk, supports continued exploration and development spending, and preserves optionality to pursue partnerships or opportunistic investments over months.
Negative Factors
Recurring losses
Consistent multi-year net losses indicate the business has not reached commercial profitability. Persistent negative returns on capital erode shareholder value absent a successful production or monetization milestone, increasing reliance on dilution or external capital to sustain operations over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low leverage and a sizeable equity base give the company financial flexibility typical of early-stage E&P firms. This reduces near-term refinancing risk, supports continued exploration and development spending, and preserves optionality to pursue partnerships or opportunistic investments over months.
Read all positive factors
Omega Oil & Gas Limited (OMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$397.45M
Dividend YieldN/A
Average Volume (3M)1.25M
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue GrowthN/A
EPS Growth-162.50%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding540,742,250
10 Day Avg. Volume1,708,364
30 Day Avg. Volume1,254,017
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)1.78
Price to Sales (P/S)0.00
P/FCF Ratio-35.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.33Price Target Upside47.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$1.40M
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
14
Very Negative
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 78.45K | 0.00 | 0.00 |
| Gross Profit | -60.50K | -78.70K | -126.04K | 38.06K | -32.91K | 0.00 |
| EBITDA | -6.58M | -3.77M | -2.68M | -4.99M | -1.94M | -760.55K |
| Net Income | -5.78M | -3.86M | -2.22M | -5.34M | -2.01M | -2.09M |
Balance Sheet | ||||||
| Total Assets | 111.32M | 53.23M | 42.27M | 25.41M | 19.91M | 3.19M |
| Cash, Cash Equivalents and Short-Term Investments | 43.40M | 7.83M | 17.28M | 2.16M | 14.88M | 384.59K |
| Total Debt | 254.06K | 28.21K | 65.91K | 227.08K | 2.94M | 0.00 |
| Total Liabilities | 2.95M | 2.83M | 3.41M | 5.38M | 523.51K | 1.26M |
| Stockholders Equity | 108.37M | 50.40M | 38.86M | 20.03M | 19.39M | 1.93M |
Cash Flow | ||||||
| Free Cash Flow | 2.94M | -2.54M | -6.13M | -17.16M | -3.45M | -797.79K |
| Operating Cash Flow | 3.18M | -2.36M | -1.80M | -4.04M | -3.45M | -797.79K |
| Investing Cash Flow | -28.78M | -21.80M | -3.83M | -15.63M | 0.00 | -3.32M |
| Financing Cash Flow | 54.32M | 14.71M | 20.76M | 19.51M | 5.39M | 4.63M |
Omega Oil & Gas Limited Technical Analysis
Positive
0.90
Price Trends
0.60
Positive
0.68
Positive
0.60
Positive
Market Momentum
0.04
Negative
68.12
Neutral
70.02
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 0.59, above the 50-day MA of 0.60, and above the 200-day MA of 0.60, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 68.12 is Neutral, neither overbought nor oversold. The STOCH value of 70.02 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$392.24M | 24.39 | 17.91% | 13.64% | -23.44% | -18.10% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$187.85M | -37.50 | -0.67% | ― | ― | -149.12% | |
46 Neutral | AU$397.45M | -43.49 | -7.28% | ― | ― | -162.50% | |
44 Neutral | AU$129.82M | -32.50 | -8.65% | ― | ― | 93.01% | |
44 Neutral | AU$413.93M | -2.17 | -46.22% | ― | -0.51% | -756.45% | |
39 Underperform | AU$406.96M | -15.98 | -12.35% | ― | ― | 25.55% |
* Energy Sector Average
AU:OMA
Omega Oil & Gas Limited
0.75
0.28
57.89%
AU:CVN
Carnarvon Energy Limited
0.11
<0.01
5.00%
AU:BTL
Empire Energy Group Limited
0.28
-0.04
-12.50%
AU:EXR
Elixir Energy Limited
0.07
0.03
72.50%
AU:HZN
Horizon Oil Limited
0.22
0.04
19.57%
AU:STX
Strike Energy Limited
0.12
<0.01
4.55%
Omega Oil & Gas Limited Corporate Events
Omega Oil & Gas launches major Taroom Trough appraisal campaign with Canyon-3 drilling
Jul 30, 2026
Omega Oil Gas has commenced drilling the Canyon-3 well, launching its fully funded 2026/27 appraisal campaign in Queensland’s Taroom Trough. The program is designed to test the scale and quality of Permian unconventional reservoirs across i...
Omega Oil & Gas launches funded Taroom Trough drilling campaign after equity raise
Jul 27, 2026
Omega Oil Gas reported a strong financial position at the end of the June quarter, holding $102 million in cash and no debt after a $60 million equity raising. The bolstered balance sheet fully funds an expanded 2026/27 drilling program of four v...
Omega launches major Taroom Trough drilling program to test large-scale oil and gas potential
Jul 21, 2026
Omega Oil Gas has begun mobilising Helmerich Payne’s FlexRig 648 to its Canyon-3 well on the eastern flank of the Taroom Trough, marking the start of a fully funded 2026–27 drilling and appraisal campaign. The program, described as t...
Omega Oil & Gas boosts director equity through fee share issue
Jul 10, 2026
Omega Oil Gas Ltd has disclosed a change in director Stephen James Harrison’s interests, following the issue of 60,098 ordinary fully paid shares under the company’s employee awards plan. The shares, valued at $37,500 in total, were i...
Omega Oil & Gas boosts director equity through fee share issue
Jul 10, 2026
Omega Oil Gas Ltd has disclosed a change in director Peter Stickland’s interests in company securities, reflecting updated holdings in ordinary fully paid shares and unlisted options. The filing details direct and indirect interests held th...
Omega Oil & Gas Boosts Director Equity Through Fee Share Issue
Jul 10, 2026
Omega Oil Gas Ltd has disclosed a change in director Andrew Paul Hackwood’s interests following the issue of 60,098 ordinary shares. The shares were granted as non-executive director fee shares under the company’s employee awards plan...
Omega Oil & Gas Director Increases Direct Shareholding
Jul 10, 2026
Omega Oil Gas Ltd operates in the energy sector, focusing on oil and gas exploration and production. The company’s securities are listed on the ASX, and its capital structure includes ordinary fully paid shares and unlisted options, reflect...
Omega Oil & Gas Boosts Director Equity Through Fee Share Issue
Jul 10, 2026
Omega Oil Gas Ltd operates in the energy sector, focusing on oil and gas exploration and production activities. The company’s securities include ordinary fully paid shares and unlisted options, reflecting a typical capital structure for a j...
Omega Oil and Gas issues new shares for director fees and supplier services
Jul 7, 2026
Omega Oil and Gas has issued and allotted 360,587 fully paid ordinary shares, comprising 340,555 shares granted as non-executive director fee shares for the June 2026 quarter and 20,032 shares issued for supplier services over the same period. The...
Omega Oil & Gas Seeks Quotation of Additional ASX Shares
Jul 7, 2026
Omega Oil Gas Limited has applied to the ASX for quotation of an additional 20,032 ordinary fully paid shares under its OMA ticker. The new securities, issued on 7 July 2026 following a previously flagged transaction, marginally increase the comp...
Omega Oil & Gas Seeks ASX Quotation for New Employee Incentive Shares
Jul 7, 2026
Omega Oil Gas Limited, an ASX-listed energy company, is engaged in oil and gas exploration and production under the ticker OMA. The business employs share-based employee incentive programs to align staff rewards with the company’s performan...
Omega Oil & Gas Director Quentin Flannery Lifts Indirect Shareholding
Jun 24, 2026
Omega Oil Gas director Quentin Joseph Flannery has increased his indirect holdings in the company through a series of related entities. The change, disclosed in an Appendix 3Y filing, reflects additional purchases of ordinary fully paid shares at...
Omega Oil and Gas Issues New Shares to Advance Taroom Trough Development
Jun 24, 2026
Omega Oil and Gas Limited, an Australian exploration company listed on the ASX, is focused on developing deep oil and gas resources in Queensland’s Taroom Trough within the Bowen Basin. The company’s successful Canyon-1H well has demon...
Omega Oil & Gas flags billion-barrel potential in Taroom Trough play
Jun 24, 2026
Omega Oil Gas is highlighting the potential of the Taroom Trough as a new basin-scale Permian unconventional oil and gas play, which it describes as a possible billion-barrel-of-oil-equivalent opportunity at an early stage of its lifecycle. The c...
Omega Oil and Gas Wins Full Shareholder Backing at General Meeting
Jun 19, 2026
Omega Oil and Gas Limited reported that all resolutions put to shareholders at its latest General Meeting were passed by poll, confirming solid shareholder support for the company’s current strategy and governance settings. The outcome provi...
Omega Oil & Gas updates director Quentin Flannery’s shareholdings
Jun 1, 2026
Omega Oil Gas Ltd has reported changes to director Quentin Joseph Flannery’s relevant interests in the company’s securities, covering both his direct shareholding and a range of indirect holdings through related companies, trusts, and...
Omega Oil & Gas issues General Meeting materials as it advances Taroom Trough exploration
May 12, 2026
Omega Oil Gas Limited, an Australian oil and gas exploration company, is targeting the vast deep hydrocarbon potential of Queensland’s Taroom Trough in the Bowen Basin. Backed by prominent resource investors and leveraging a highly experien...
Omega Oil & Gas director boosts shareholding through fee-share issuance
May 8, 2026
Omega Oil Gas Ltd disclosed a change in director Stephen James Harrison’s holdings following the issue of non-executive director fee shares approved at the company’s 2025 annual general meeting. Harrison acquired a total of 144,502 or...
Omega Oil & Gas updates director Peter Stickland’s equity holdings
May 8, 2026
Omega Oil Gas Ltd has disclosed a change in the relevant interests of director Peter Stickland, detailing new holdings in ordinary fully paid shares and unlisted options. The adjustments reflect the issue of non-executive director fee shares for ...
Omega Oil & Gas updates director Andrew Hackwood’s share and option holdings
May 8, 2026
Omega Oil Gas has reported changes in director Andrew Paul Hackwood’s holdings, showing an increase in his ordinary shares and the grant of new unlisted options. The adjustments arise from the issuance of shares in lieu of non-executive dir...
Omega Oil & Gas updates market on director Quentin Flannery’s security holdings
May 8, 2026
Omega Oil Gas has disclosed a change in director Quentin Joseph Flannery’s relevant interests in the company’s securities, as required under ASX listing rules. The notice details his direct and extensive indirect holdings in ordinary ...
Omega Oil & Gas boosts director equity with new performance rights grant
May 8, 2026
Omega Oil Gas has updated the market on a change in director Trevor Brown’s relevant interests, reflecting the issuance of new performance rights under his executive services agreement. The grant, held indirectly via the Brown Family Trust,...
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.