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Eco Atlantic Oil & Gas
(EOG)
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Rating:43Neutral
Price Target:
C$0.70
▼(-20.90% Downside)
Action:Reiterated
Date:09/11/26
The score is driven primarily by weak financial performance (persistent losses, minimal revenue, and continued cash burn), only partially mitigated by a no-debt balance sheet. Technical indicators are also bearish (price below key moving averages and negative MACD), reinforcing near-term weakness, while valuation metrics offer limited support due to negative earnings and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
A zero-debt balance sheet removes scheduled interest obligations and reduces leverage-related financial risk. This provides greater flexibility than a debt-funded explorer when managing licensing, geological evaluation, and ongoing corporate costs during an extended pre-revenue phase.
Negative Factors
Persistent Pre-Revenue Losses
The company has not established a reliable revenue stream, and material operating and net losses continue in 2026. Without demonstrated profitability, funding exploration and corporate activity remains dependent on cash resources or external financing, limiting durable earnings visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A zero-debt balance sheet removes scheduled interest obligations and reduces leverage-related financial risk. This provides greater flexibility than a debt-funded explorer when managing licensing, geological evaluation, and ongoing corporate costs during an extended pre-revenue phase.
Read all positive factors
Eco Atlantic Oil & Gas (EOG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$272.77M
Dividend YieldN/A
Average Volume (3M)54.13K
Price to Earnings (P/E)―
Beta (1Y)-0.34
Revenue GrowthN/A
EPS Growth-341.10%
CountryCA
Employees6
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding349,709,000
10 Day Avg. Volume26,619
30 Day Avg. Volume54,132
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)17.63
Price to Sales (P/S)0.00
P/FCF Ratio-84.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.48Price Target Upside178.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Eco Atlantic Oil & Gas Business Overview & Revenue Model
Company Description
Eco (Atlantic) Oil & Gas Ltd. is primarily engaged in the identification, acquisition, exploration, and development of conventional and unconventional oil and gas resources. The company's strategic focus spans two key regions: the Republic of Nami...
Eco Atlantic Oil & Gas Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 1.71K | 66.57K | 3.56K |
| Gross Profit | 0.00 | ― | 1.71K | 66.57K | 3.56K |
| EBITDA | -7.17M | -2.20M | -4.82M | -38.36M | -3.94M |
| Net Income | -7.44M | -2.20M | -21.25M | -36.55M | -6.56M |
Balance Sheet | |||||
| Total Assets | 30.68M | 21.56M | 31.26M | 55.62M | 45.87M |
| Cash, Cash Equivalents and Short-Term Investments | 10.83M | 4.80M | 2.98M | 4.12M | 3.49M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 12.90M | 1.18M | 1.25M | 4.97M | 5.65M |
| Stockholders Equity | 17.78M | 20.38M | 30.02M | 50.65M | 40.22M |
Cash Flow | |||||
| Free Cash Flow | -3.70M | -5.48M | -5.33M | -37.39M | -4.63M |
| Operating Cash Flow | -3.70M | -5.33M | -5.33M | -35.79M | -4.63M |
| Investing Cash Flow | -377.26K | 6.99M | 4.30M | 948.24K | -8.50M |
| Financing Cash Flow | 10.14M | 0.00 | 0.00 | 35.67M | 4.87M |
Eco Atlantic Oil & Gas Technical Analysis
Neutral
0.89
Price Trends
0.80
Negative
0.90
Negative
0.91
Negative
Market Momentum
-0.01
Negative
53.19
Neutral
72.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EOG, the sentiment is Neutral. The current price of 0.89 is above the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.80, and below the 200-day MA of 0.91, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.19 is Neutral, neither overbought nor oversold. The STOCH value of 72.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:EOG.
Eco Atlantic Oil & Gas Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$352.56M | 9.12 | 27.62% | 7.10% | 28.63% | 24.06% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | C$42.50M | -1.02 | -28.96% | 279.91% | -23.27% | -777.54% | |
46 Neutral | C$99.97M | -13.43 | -11.65% | ― | ― | 90.48% | |
43 Neutral | C$272.77M | -23.32 | -41.15% | ― | ― | -341.10% | |
43 Neutral | C$217.25M | -11.80 | -6.71% | ― | ― | 45.08% | |
43 Neutral | C$64.32M | -2.25 | 177.48% | ― | 957.78% | -2905.77% |
* Energy Sector Average
TSE:EOG
Eco Atlantic Oil & Gas
0.78
0.64
437.93%
TSE:AFE
Africa Energy
0.19
0.07
52.00%
TSE:ALV
Alvopetro Energy
9.45
3.43
56.98%
TSE:RECO
Reconnaissance Energy Africa
0.53
-0.02
-2.75%
TSE:OYL
CGX Energy
0.19
0.04
26.67%
TSE:ORC.B
Orca Exploration Group
0.91
0.22
32.85%
Eco Atlantic Oil & Gas Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Eco Atlantic boosts share capital after Colin Kinley estate exercises options
Positive
Oct 23, 2026
Eco Atlantic Oil Gas has received a notice to exercise stock options over 200,000 common shares held by the late Colin Kinley Family Estate, at an exercise price of US$0.36 per share, generating proceeds of US$71,400 for the company. Following th...
Business Operations and StrategyRegulatory Filings and Compliance
Agility Fund Management Raises Stake in Eco Atlantic to 7.56%
Positive
Oct 20, 2026
Eco Atlantic Oil Gas has disclosed that Agility Fund Management Ltd has increased its shareholding in the company, crossing a major shareholding threshold under UK disclosure rules. Agility now holds 27,811,662 ordinary shares, representing 7.56%...
Regulatory Filings and Compliance
Israeli Investor Jerusalem Report Publications Lifts Stake in Eco Atlantic to 4.15%
Positive
Oct 20, 2026
Jerusalem Report Publications Limited, controlled by Eli Azur and based in Tel Aviv, has increased its shareholding in Eco Atlantic Oil Gas to 4.15% of the company’s voting rights. The stake now represents 15,270,959 ordinary shares, up fro...
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.