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Upland Resources
(LSE:UPL)
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Rating:43Neutral
Price Target:
3.00 p
▼(-0.66% Downside)
Action:Reiterated
Date:08/26/26
The score is primarily held down by weak financial performance (no revenue and recurring losses, despite improved cash burn and a stronger, debt-free balance sheet). Technical conditions add mild downside/neutral pressure (below key moving averages and negative MACD). Valuation offers limited support due to losses and no dividend yield provided, while corporate events are modestly positive but not a major fundamental driver.
Positive Factors
Debt-Free Balance Sheet
Zero reported debt and the recovery to positive equity provide greater financial flexibility than a leveraged exploration model. The stronger capital base can support ongoing work programs and reduce direct interest-burden risk, although it has not yet produced profitability.
Negative Factors
No Operating Revenue
The absence of revenue over multiple years shows that Upland has not yet established a producing or commercial operating base. Without recurring sales, the company cannot demonstrate market traction, fund activities internally, or validate the economics of its upstream assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Zero reported debt and the recovery to positive equity provide greater financial flexibility than a leveraged exploration model. The stronger capital base can support ongoing work programs and reduce direct interest-burden risk, although it has not yet produced profitability.
Read all positive factors
Upland Resources (UPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£52.23M
Dividend YieldN/A
Average Volume (3M)2.04M
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,726,552,900
10 Day Avg. Volume1,779,661
30 Day Avg. Volume2,043,038
Financial Highlights & Ratios
PEG Ratio3.19
Price to Book (P/B)7.08
Price to Sales (P/S)0.00
P/FCF Ratio-877.28
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
Upland Resources Business Overview & Revenue Model
Company Description
Upland Resources Limited functions as a principal investment firm, primarily concentrating on acquiring stakes in existing oil and gas projects (farm-ins) and pursuing exploration licenses for undeveloped areas. The company strategically allocates...
Upland Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.15K | 0.00 | -709.00 | -454.00 | 0.00 | 0.00 |
| EBITDA | -1.42M | -1.69M | -1.23M | -1.21M | -275.08K | -570.68K |
| Net Income | -1.70M | -1.70M | -1.41M | -1.44M | -494.30K | -789.89K |
Balance Sheet | ||||||
| Total Assets | 6.85M | 6.85M | 4.00M | 1.34M | 312.71K | 766.32K |
| Cash, Cash Equivalents and Short-Term Investments | 1.80M | 1.80M | 350.06K | 654.72K | 305.53K | 757.99K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 150.00K | 150.00K |
| Total Liabilities | 179.59K | 179.59K | 267.03K | 673.49K | 571.16K | 530.47K |
| Stockholders Equity | 6.67M | 6.67M | 3.73M | 663.13K | -258.45K | 235.84K |
Cash Flow | ||||||
| Free Cash Flow | -53.78K | -53.78K | -4.52M | -1.17K | -490.18K | -568.72K |
| Operating Cash Flow | -28.78K | -28.78K | -4.52M | -1.17K | -490.18K | -462.48K |
| Investing Cash Flow | -846.15K | -846.15K | -262.13K | -27.19K | 0.00 | -106.24K |
| Financing Cash Flow | 1.22M | 1.22M | 4.48M | 2.16M | 0.00 | 587.90K |
Upland Resources Technical Analysis
Positive
3.02
Price Trends
2.97
Positive
2.91
Positive
3.01
Positive
Market Momentum
0.02
Negative
54.58
Neutral
68.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UPL, the sentiment is Positive. The current price of 3.02 is above the 20-day moving average (MA) of 2.91, above the 50-day MA of 2.97, and above the 200-day MA of 3.01, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 68.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:UPL.
Upland Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.47 | 22.39% | 2.11% | ― | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | £39.28M | -11.58 | -2.71% | 99.01% | ― | ― | |
51 Neutral | £78.85M | 123.90 | 0.55% | ― | ― | ― | |
48 Neutral | £37.08M | -21.70 | -7.42% | ― | ― | 51.66% | |
46 Neutral | £60.92M | -6.22 | -20.06% | ― | -44.60% | 43.68% | |
43 Neutral | £52.23M | -21.61 | -25.54% | ― | ― | ― |
* Energy Sector Average
GB:UPL
Upland Resources
3.03
2.03
202.50%
GB:ENW
Enwell Energy
12.25
-8.55
-41.11%
GB:CASP
Caspian Sunrise
1.90
-0.25
-11.63%
GB:JOG
Jersey Oil and Gas
113.50
-4.00
-3.40%
GB:ZPHR
Zephyr Energy
2.90
0.05
1.75%
GB:CHAR
Chariot Oil & Gas
2.75
1.16
73.06%
Upland Resources Corporate Events
Business Operations and StrategyShareholder Meetings
Upland Resources Secures Overwhelming Shareholder Backing at AGM
Positive
Jul 24, 2026
Upland Resources Limited reported that all resolutions proposed at its latest Annual General Meeting were approved by shareholders, with each motion receiving more than 99% of votes in favour. The strong backing underscores robust shareholder conf...
Business Operations and StrategyShareholder Meetings
Upland Resources Sets 2026 AGM in Dublin and Adopts Rotating Global Venue Policy
Positive
Jun 19, 2026
Upland Resources has scheduled its 2026 Annual General Meeting for 3:00 p.m. on 24 July 2026 at the Herbert Park Hotel Park Residence in Dublin, Ireland, and has begun mailing the official notice and proxy forms to shareholders. The AGM documenta...
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.