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Arrow Exploration Corp
(AXL)
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Rating:76Outperform
Price Target:
C$0.87
▲(74.00% Upside)
Action:Upgraded
Date:09/15/26
The score is driven primarily by strong financial positioning (very low leverage and improved TTM profitability), supported by a favorable technical uptrend. Offsetting these positives are uneven cash-flow consistency and slightly stretched momentum indicators, while valuation appears reasonable based on the low P/E.
Positive Factors
Very Low Leverage
The exceptionally low debt burden limits balance-sheet risk and preserves flexibility to fund drilling, field development, or other growth needs. Rising equity further strengthens the capital base, allowing the company to pursue opportunities with less reliance on external financing.
Negative Factors
Volatile Revenue and Earnings
The sharp variation in revenue and net margins shows that reported earnings are not yet consistently stable across the cycle. Such volatility can make planning, reinvestment, and shareholder returns less predictable, particularly when operating results change materially between periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
The exceptionally low debt burden limits balance-sheet risk and preserves flexibility to fund drilling, field development, or other growth needs. Rising equity further strengthens the capital base, allowing the company to pursue opportunities with less reliance on external financing.
Read all positive factors
Arrow Exploration Corp (AXL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$220.12M
Dividend YieldN/A
Average Volume (3M)645.35K
Price to Earnings (P/E)10.0
Beta (1Y)-0.93
Revenue Growth15.49%
EPS Growth44.88%
CountryCA
Employees35
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.05
Shares Outstanding285,864,350
10 Day Avg. Volume846,110
30 Day Avg. Volume645,350
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.02
Price to Sales (P/S)0.77
P/FCF Ratio-17.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.71Price Target Upside42.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)C$134.57M
Arrow Exploration Corp Business Overview & Revenue Model
Company Description
Arrow Exploration Corp. operates a junior oil and gas company that engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia and Western Canada. The company is based in Calgary, Canada....
How the Company Makes Money
Arrow Exploration makes money primarily by producing and selling crude oil (and, if applicable, natural gas/NGLs) from fields in which it holds working interests. Revenue is generated based on the volume of hydrocarbons produced and the realized s...
Arrow Exploration Corp Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 103.68M | 71.69M | 81.56M | 50.60M | 28.14M | 7.17M |
| Gross Profit | 54.24M | 25.78M | 56.19M | 32.48M | 19.45M | 4.89M |
| EBITDA | 53.94M | 34.73M | 46.82M | 15.36M | 14.43M | 6.80M |
| Net Income | 15.24M | 1.47M | 13.18M | -1.11M | 346.52K | 5.69M |
Balance Sheet | ||||||
| Total Assets | 125.99M | 105.21M | 81.27M | 62.28M | 53.19M | 41.20M |
| Cash, Cash Equivalents and Short-Term Investments | 28.73M | 11.45M | 18.84M | 12.33M | 13.06M | 10.88M |
| Total Debt | 227.14K | 200.32K | 219.41K | 320.59K | 1.96M | 3.41M |
| Total Liabilities | 56.64M | 50.86M | 28.25M | 20.77M | 27.29M | 17.24M |
| Stockholders Equity | 69.35M | 54.35M | 53.02M | 41.51M | 25.90M | 23.96M |
Cash Flow | ||||||
| Free Cash Flow | 16.42M | -3.14M | 8.40M | -10.61M | 4.37M | -6.22M |
| Operating Cash Flow | 41.95M | 27.40M | 39.52M | 16.48M | 12.04M | -4.51M |
| Investing Cash Flow | -27.08M | -35.19M | -32.65M | -22.58M | -8.38M | -4.05M |
| Financing Cash Flow | -92.86K | -77.38K | -57.81K | 5.39M | -1.44M | 8.10M |
Arrow Exploration Corp Technical Analysis
Positive
0.50
Price Trends
0.66
Positive
0.58
Positive
0.48
Positive
Market Momentum
0.03
Negative
65.61
Neutral
61.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AXL, the sentiment is Positive. The current price of 0.5 is below the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.66, and above the 200-day MA of 0.48, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 65.61 is Neutral, neither overbought nor oversold. The STOCH value of 61.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AXL.
Arrow Exploration Corp Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$220.12M | 10.04 | 25.34% | ― | 15.49% | 44.88% | |
68 Neutral | C$79.40M | 3.36 | 13.02% | 7.14% | 9.61% | 1283.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$114.07M | -6.89 | 51.43% | ― | ― | 11.80% | |
46 Neutral | C$105.23M | -14.17 | -11.65% | ― | ― | 90.48% | |
43 Neutral | C$71.10M | -2.50 | 177.48% | ― | 957.78% | -2905.77% |
* General Sector Average
TSE:AXL
Arrow Exploration Corp
0.77
0.55
242.22%
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Arrow Exploration Corp Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Arrow Exploration Shareholders Back Governance Resolutions as Company Adds Market Maker to Boost Liquidity
Positive
Sep 29, 2026
Arrow Exploration Corp., a high-growth oil and gas operator with assets across key Colombian and Canadian basins, is pursuing an expansion-focused strategy built on underexploited light oil resources. With predominantly operated, high working-inte...
Business Operations and StrategyShareholder Meetings
Arrow Exploration Shareholders Back Board, Auditor and Option Plan at AGM
Positive
Sep 28, 2026
Arrow Exploration Corp., a dual-listed operator on AIM and the TSX Venture Exchange, holds a portfolio of Colombian and Canadian oil assets with significant growth potential, concentrated in prolific basins such as Colombia’s Llanos, Middle ...
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.