NG Energy International (GASX) AI Stock Analysis

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NG Energy International

(TSX:GASX)

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Rating:49Neutral

Price Target:CAD 1.00▲(5.26% Upside)

Action:reiterated

Date:10/16/26

The score is held back primarily by weak financial performance, especially negative operating/free cash flow and deeply negative operating margins, which elevate execution and funding risk. Technicals also reflect a clear downtrend (price below key moving averages and negative MACD), though oversold indicators provide a modest offset. The main support comes from a low P/E valuation.

Positive Factors

Revenue ScaleRevenue has scaled from near-zero in 2021 to approximately $44M TTM, demonstrating that the Colombian gas business has established a materially larger operating base. A larger revenue platform can support deeper market access and operating leverage if growth becomes more consistent.

Negative Factors

Negative Cash GenerationNegative TTM operating and free cash flow indicates that the business is not currently self-funding its operations and development needs. Repeated cash burn increases reliance on financing or asset actions, potentially limiting investment capacity and raising execution risk over coming quarters.

NG Energy International (GASX) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 259.42M
Dividend Yield: ―
Average Volume (3M): 394.92K
Price to Earnings (P/E): 5.9
Beta (1Y): 0.33
Revenue Growth: 39.79%
EPS Growth: ―
Country: Canada
Employees: 41
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Exploration & Production

NG Energy International Business Overview & Revenue Model

Company Description

NG Energy International Corp. specializes in the procurement, exploration, advancement, and production of oil and natural gas assets throughout Colombia. The company holds active participation in three notable blocks: Sinú-9, covering roughly 311,353...

NG Energy International Financial Statement Overview

Summary

Financial performance is pressured by weak operating profitability and significant cash burn. While revenue scaled up over several years and leverage has improved to a more moderate level in TTM, EBIT/EBITDA margins remain deeply negative and TTM operating/free cash flow are negative, raising funding and earnings-quality concerns.

Income Statement

44Neutral

Balance Sheet

52Neutral

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Mar 2025	Mar 2024	Jun 2023	Mar 2022
Income Statement
Total Revenue	43.93M	44.61M	38.21M	12.04M	1.77M	0
Gross Profit	11.28M	21.19M	22.33M	4.54M	430.47K	-6,768
EBITDA	-20.09M	-5.62M	8.34M	-423.29K	-4.97M	-5.28M
Net Income	30.48M	-24.08M	-53.70M	-16.68M	-9.97M	-7.32M
Balance Sheet
Total Assets	175.93M	240.32M	113.47M	106.86M	83.15M	23.15M
Cash, Cash Equivalents and Short-Term Investments	33.20M	6.85M	8.19M	1.29M	6.96M	5.85M
Total Debt	40.08M	93.27M	40.63M	82.18M	55.43M	2.99M
Total Liabilities	99.55M	218.15M	68.65M	96.77M	67.64M	6.41M
Stockholders Equity	76.38M	22.16M	44.82M	10.09M	15.51M	16.73M
Cash Flow
Free Cash Flow	-71.58M	-22.95M	-287.33K	-22.47M	-34.23M	-10.73M
Operating Cash Flow	-26.58M	3.35M	18.47M	-3.55M	-3.59M	-5.24M
Investing Cash Flow	69.85M	27.60M	-23.60M	-23.79M	-28.31M	-5.93M
Financing Cash Flow	-16.07M	-33.00M	12.58M	21.39M	33.56M	15.92M

NG Energy International Technical Analysis

Technical Analysis SentimentNegative

Last Price0.95

Price Trends

50DMA1.14Negative

100DMA1.28Negative

200DMA1.37Negative

Market Momentum

MACD-0.05Negative

RSI40.00Neutral

STOCH32.35Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GASX, the sentiment is Negative. The current price of 0.95 is below the 20-day moving average (MA) of 1.01, below the 50-day MA of 1.14, and below the 200-day MA of 1.37, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 40.00 is Neutral, neither overbought nor oversold. The STOCH value of 32.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GASX.

NG Energy International Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

TSE:GASX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:ALV	85Outperform	CAD 348.83M	9.10	27.62%	7.13%	28.63%	24.06%
TSE:CVVY	69Neutral	CAD 697.08M	84.72	5.33%	―	42.92%	―
TSE:PRQ	67Neutral	CAD 260.50M	-112.90	-0.66%	6.86%	25.52%	-126.16%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
TSE:JOY	53Neutral	CAD 334.71M	13.23	7.55%	―	4.49%	64.96%
TSE:GASX	49Neutral	CAD 256.68M	5.92	57.31%	―	39.79%	―

* Energy Sector Average

Performance Comparison

TSE:GASX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:GASX	NG Energy International Corp.	0.95	-0.17	-15.18%
TSE:ALV	Alvopetro Energy	9.41	3.73	65.76%
TSE:CVVY	Cavvy Energy Ltd	2.44	1.53	168.13%
TSE:PRQ	Petrus Resources	1.75	0.13	8.09%
TSE:JOY	Journey Energy (OTC)	5.02	1.13	29.05%

NG Energy International Corporate Events

Business Operations and StrategyFinancial Disclosures

NG Energy lifts Colombian gas output with Aruchara-6 and Sinú-9 expansion

Positive

Oct 16, 2026

NG Energy International has boosted output at its Maria Conchita Block in Colombia after successfully drilling, completing and tying in the Aruchara-6 well to the central processing facility. Initial flow tests show the well producing up to 8.7 MMcf/...

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.

Date of analysis: Oct 16, 2026

NG Energy International AI Stock Analysis