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United Oil & Gas Plc
(LSE:UOG)
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Rating:52Neutral
Price Target:
0.23 p
▲(26.11% Upside)
Action:Reiterated
Date:10/07/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and renewed cash burn in 2025) despite a relatively low-leverage balance sheet. Technicals provide some support with a modest uptrend and neutral momentum, while valuation remains uncertain because losses make the negative P/E less informative and there is no dividend yield.
Positive Factors
Low leverage and positive equity
Very low leverage gives UOG greater financial flexibility than a heavily indebted exploration company. Positive and growing equity provides a cushion against project setbacks and may help preserve the ability to fund technical work, pursue partnerships, or monetize assets without immediate balance-sheet pressure.
Negative Factors
No reported revenue
The absence of reported revenue across three consecutive years shows that UOG has not yet established a recurring operating income base. This leaves financial performance dependent on project monetisation, funding access, or future development success rather than dependable commercial production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and positive equity
Very low leverage gives UOG greater financial flexibility than a heavily indebted exploration company. Positive and growing equity provides a cushion against project setbacks and may help preserve the ability to fund technical work, pursue partnerships, or monetize assets without immediate balance-sheet pressure.
Read all positive factors
United Oil & Gas Plc (UOG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£11.30M
Dividend YieldN/A
Average Volume (3M)29.46M
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue GrowthN/A
EPS Growth33.33%
CountryUK
Employees7
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)N/A
Shares Outstanding4,943,355,000
10 Day Avg. Volume24,866,414
30 Day Avg. Volume29,464,453
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.41
Price to Sales (P/S)0.00
P/FCF Ratio-1.92
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
United Oil & Gas Plc Business Overview & Revenue Model
Company Description
United Oil & Gas Plc, operating with its various subsidiaries, is engaged in the upstream oil and gas sector, encompassing exploration, development, and production activities. The company's operations span the United Kingdom, other European countr...
How the Company Makes Money
UOG’s business model is to create value from upstream oil and gas licences and projects across their life cycle—typically by (i) obtaining interests in exploration and appraisal assets, (ii) funding and executing technical work (e.g., seismic inte...
United Oil & Gas Plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
34
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 | 21.01M | 21.17M |
| Gross Profit | -2.77K | -2.14K | -76.93K | -105.14K | 12.87M | 12.26M |
| EBITDA | -1.40M | -1.20M | -1.80M | -140.03K | 1.69M | 10.97M |
| Net Income | -1.70M | -1.28M | -2.44M | -20.37M | 2.35M | 3.60M |
Balance Sheet | ||||||
| Total Assets | 10.82M | 10.68M | 8.26M | 10.23M | 33.96M | 33.77M |
| Cash, Cash Equivalents and Short-Term Investments | 497.05K | 1.68M | 775.29K | 1.99M | 1.35M | 397.31K |
| Total Debt | 0.00 | 0.00 | 189.36K | 1.28M | 3.06M | 2.53M |
| Total Liabilities | 1.38M | 1.41M | 2.30M | 3.44M | 7.00M | 9.47M |
| Stockholders Equity | 9.44M | 9.27M | 5.95M | 6.79M | 26.96M | 24.29M |
Cash Flow | ||||||
| Free Cash Flow | -1.56M | -1.98M | 107.15K | 3.86M | 122.56K | 3.38M |
| Operating Cash Flow | -1.56M | -1.97M | 109.43K | 10.10M | 8.71M | 9.11M |
| Investing Cash Flow | -2.41M | -1.47M | -1.29M | -6.24M | -3.70M | -5.57M |
| Financing Cash Flow | 4.31M | 4.46M | 562.37K | -1.82M | -2.95M | -4.96M |
United Oil & Gas Plc Technical Analysis
Positive
0.18
Price Trends
0.21
Positive
0.20
Positive
0.20
Positive
Market Momentum
<0.01
Negative
57.45
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UOG, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.21, and below the 200-day MA of 0.20, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:UOG.
United Oil & Gas Plc 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 | £11.30M | -7.61 | -18.21% | ― | ― | 33.33% | |
43 Neutral | £3.88M | -0.36 | 644.44% | ― | ― | ― | |
42 Neutral | £9.14M | -0.90 | -22.10% | 4.20% | ― | -150.68% | |
41 Neutral | £2.67M | -0.31 | -45.39% | 1.61% | -4.12% | -889.83% | |
34 Underperform | £3.82M | -33.13 | -2.93% | 352.73% | 140.95% | 63.64% |
* Energy Sector Average
GB:UOG
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United Oil & Gas Plc Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
United Oil & Gas updates registered office amid ongoing growth strategy
Neutral
Oct 1, 2026
United Oil Gas Plc, an AIM-listed oil and gas company with exploration interests in Jamaica and a development asset in the UK, is building a full-cycle business in partnership with established industry players. The company’s experienced man...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
United Oil & Gas strengthens Jamaica push with new funding, COO hire and rig study
Positive
Sep 28, 2026
United Oil Gas reported unaudited results for the first half of 2026, highlighting continued technical and operational progress on its Walton-Morant exploration licence in Jamaica amid severe disruption in the Strait of Hormuz that is pushing inv...
Business Operations and Strategy
United Oil & Gas advances Jamaican drilling plans with NRG study
Positive
Sep 10, 2026
United Oil Gas has appointed NRG Well Management to conduct a drilling rig and long-lead availability study for its Walton-Morant exploration licence offshore Jamaica. The review will assess rig options, day rates, procurement timelines, and regi...
Business Operations and StrategyExecutive/Board Changes
United Oil & Gas strengthens leadership with new COO to drive Jamaican farm-out
Positive
Sep 7, 2026
United Oil Gas has appointed former Head of Commercial Donal Meehan as Chief Operating Officer, a non-board role, as the company moves into a new phase of development. Meehan brings over two decades of upstream experience, including senior roles ...
Business Operations and StrategyExecutive/Board Changes
United Oil & Gas tightens management incentives with new performance-linked share options
Positive
Aug 19, 2026
United Oil Gas has granted 203,814,481 share options under its updated unapproved share option scheme, with awards split between employees, consultants and senior management, including CEO Brian Larkin, CFO Simon Brett and non-executive director ...
Business Operations and StrategyShareholder Meetings
United Oil & Gas Wins Shareholder Backing for All AGM Resolutions
Positive
Aug 7, 2026
United Oil Gas Plc reported that all resolutions at its latest Annual General Meeting were duly passed, including the receipt of accounts, reappointment of auditors, and the re-election of directors Brian Larkin, David Williams and Iman Hill. Sha...
Regulatory Filings and Compliance
United Oil & Gas Sets Official Voting Rights at 4.64 Billion Shares
Neutral
Jul 31, 2026
United Oil Gas plc has confirmed that its issued share capital comprises 4,636,021,868 ordinary shares of £0.00001 each, with every share carrying one voting right and none held in treasury. This disclosure sets the official total number of ...
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.