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Bengal Energy
(TSX:BNG)
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Rating:42Neutral
Price Target:
C$0.02
▲(20.00% Upside)
Action:Reiterated
Date:08/10/26
The score is held down primarily by weak financial performance—deep net losses and negative operating/free cash flow—despite a low-debt balance sheet. Technicals also remain bearish, with the stock trading below key moving averages and negative MACD. Valuation is difficult to support on earnings due to the negative P/E and there is no dividend yield data to offset risk.
Positive Factors
Low leverage
Very low leverage gives Bengal Energy greater financial flexibility than more heavily indebted producers. It reduces the immediate burden of interest and debt service, preserves capacity to respond to operating setbacks, and leaves more room for disciplined investment if field performance improves.
Negative Factors
Deep unprofitability
Bengal Energy is not currently translating gross profit into sustainable earnings, with operating losses and a deeply negative net margin. This indicates that overhead, depreciation, and other costs remain too high relative to the gross profit base, limiting retained capital and weakening financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage gives Bengal Energy greater financial flexibility than more heavily indebted producers. It reduces the immediate burden of interest and debt service, preserves capacity to respond to operating setbacks, and leaves more room for disciplined investment if field performance improves.
Read all positive factors
Bengal Energy (BNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.22M
Dividend YieldN/A
Average Volume (3M)25.72K
Price to Earnings (P/E)―
Beta (1Y)-1.25
Revenue Growth7.00%
EPS Growth27.59%
CountryCA
Employees10
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding528,875,700
10 Day Avg. Volume19,193
30 Day Avg. Volume25,720
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.75
Price to Sales (P/S)3.98
P/FCF Ratio-34.95
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
Bengal Energy Business Overview & Revenue Model
Company Description
Bengal Energy Ltd. is an oil and natural gas company primarily engaged in the discovery, development, and production of hydrocarbon resources across Australia. Its principal holdings comprise interests in the PL 303 Cuisinier, ATP 934 Barrolka, an...
How the Company Makes Money
Bengal Energy makes money primarily by producing and selling crude oil, condensate, and/or natural gas from its petroleum interests. Revenue is generated from its share of production volumes sold to buyers (typically priced using market-linked ben...
Bengal Energy Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.66M | 4.27M | 5.12M | 6.48M | 8.15M | 7.65M |
| Gross Profit | 2.00M | 1.22M | 1.29M | 3.38M | 6.48M | 6.12M |
| EBITDA | 166.00K | -2.17M | -3.03M | -11.29M | 1.96M | 745.00K |
| Net Income | -3.05M | -3.07M | -4.18M | -12.73M | 703.00K | -374.00K |
Balance Sheet | ||||||
| Total Assets | 31.25M | 29.19M | 30.64M | 34.36M | 49.70M | 48.58M |
| Cash, Cash Equivalents and Short-Term Investments | 1.33M | 308.00K | 708.00K | 692.00K | 795.00K | 5.41M |
| Total Debt | 1.70M | 1.70M | 1.70M | 0.00 | 32.00K | 68.00K |
| Total Liabilities | 6.80M | 6.60M | 6.60M | 6.66M | 8.16M | 6.66M |
| Stockholders Equity | 24.45M | 22.59M | 24.04M | 27.71M | 41.53M | 41.92M |
Cash Flow | ||||||
| Free Cash Flow | -1.26M | -486.00K | -448.00K | -747.00K | -3.38M | -2.26M |
| Operating Cash Flow | -1.19M | -417.00K | -392.00K | -273.00K | 2.11M | 835.00K |
| Investing Cash Flow | 55.00K | -9.00K | 265.00K | 228.00K | -6.71M | -4.06M |
| Financing Cash Flow | 1.52M | -2.00K | 139.00K | -32.00K | -40.00K | 4.12M |
Bengal Energy Technical Analysis
Negative
0.02
Price Trends
0.02
Neutral
0.03
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
37.32
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BNG, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, equal to the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BNG.
Bengal Energy 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% | |
57 Neutral | C$42.62M | 2.46 | 173.63% | 40.00% | ― | ― | |
45 Neutral | C$9.92M | -1.06 | -89.22% | ― | -24.15% | -384.74% | |
44 Neutral | C$9.05M | -1.43 | 2520.07% | ― | ― | -669.60% | |
44 Neutral | C$6.23M | -4.35 | -6.45% | ― | -36.33% | 49.28% | |
42 Neutral | C$13.22M | -4.63 | -13.00% | ― | 7.00% | 27.59% |
* Energy Sector Average
TSE:BNG
Bengal Energy
0.03
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Bengal Energy Corporate Events
Business Operations and StrategyFinancial Disclosures
Bengal Energy lifts revenue on higher prices despite flat losses in Q1 fiscal 2027
Neutral
Aug 7, 2026
Bengal Energy reported first-quarter fiscal 2027 crude oil sales of $1.4 million, up 30% year on year, driven by higher realized prices averaging US$124.26 per barrel, even as production declined 10% to 108 barrels per day. Funds from operations r...
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.