NG Energy International (GASX) AI Stock Analysis

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NG Energy International

(TSX:GASX)

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Rating:54Neutral

Price Target:CAD 1.00▲(1.01% Upside)

Action:reiterated

Date:11/14/26

Financial performance is the primary driver with revenue growth tempered by profitability and cash flow challenges. Attractive valuation from low P/E provides positive contribution, while technical indicators reflect neutral to bearish momentum.

Positive Factors

Revenue GrowthStrong recent revenue growth indicates improving commercial traction and expanding gas sales. If this growth persists, greater operating scale could strengthen the business model, support fixed-cost absorption, and provide a foundation for improved profitability over the next several quarters.

Negative Factors

Negative Cash GenerationPersistent negative operating and free cash flow means reported earnings are not currently translating into internally generated funds. This can increase reliance on external financing, restrict development spending, and raise execution risk until cash conversion becomes sustainably positive.

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

Market Cap: CAD 270.34M
Dividend Yield: ―
Average Volume (3M): 395.08K
Price to Earnings (P/E): 5.8
Beta (1Y): 0.35
Revenue Growth: 39.12%
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

Strong revenue growth from near-zero to over $44M but gross margins collapsed to 5.9% with ongoing operating losses and heavy cash burn of -$91M FCF; balance sheet improved with debt-to-equity at 0.48.

Income Statement

48Neutral

Balance Sheet

62Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Mar 2025	Mar 2024	Jun 2023	Mar 2022
Income Statement
Total Revenue	44.32M	44.61M	38.21M	12.04M	1.77M	0
Gross Profit	2.63M	21.19M	22.33M	4.54M	430.47K	-6,768
EBITDA	-24.12M	-5.62M	8.34M	-423.29K	-4.97M	-5.28M
Net Income	30.87M	-24.08M	-53.70M	-16.68M	-9.97M	-7.32M
Balance Sheet
Total Assets	184.91M	240.32M	113.47M	106.86M	83.15M	23.15M
Cash, Cash Equivalents and Short-Term Investments	41.40M	6.85M	8.19M	1.29M	6.96M	5.85M
Total Debt	40.88M	93.27M	40.63M	82.18M	55.43M	2.99M
Total Liabilities	99.74M	218.15M	68.65M	96.77M	67.64M	6.41M
Stockholders Equity	85.17M	22.16M	44.82M	10.09M	15.51M	16.73M
Cash Flow
Free Cash Flow	-90.72M	-22.95M	-287.33K	-22.47M	-34.23M	-10.73M
Operating Cash Flow	-36.18M	3.35M	18.47M	-3.55M	-3.59M	-5.24M
Investing Cash Flow	55.63M	27.60M	-23.60M	-23.79M	-28.31M	-5.93M
Financing Cash Flow	7.25M	-33.00M	12.58M	21.39M	33.56M	15.92M

NG Energy International Technical Analysis

Technical Analysis SentimentNegative

Last Price0.99

Price Trends

50DMA1.08Negative

100DMA1.23Negative

200DMA1.36Negative

Market Momentum

MACD-0.02Negative

RSI46.96Neutral

STOCH70.10Neutral

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 0.99 is above the 20-day moving average (MA) of 0.98, below the 50-day MA of 1.08, and below the 200-day MA of 1.36, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.96 is Neutral, neither overbought nor oversold. The STOCH value of 70.10 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	77Outperform	CAD 335.02M	7.41	30.35%	7.47%	36.37%	58.90%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
TSE:PRQ	64Neutral	CAD 259.00M	-31.45	-2.64%	6.94%	43.18%	-1637.84%
TSE:CVVY	62Neutral	CAD 566.57M	21.51	17.19%	―	54.89%	―
TSE:JOY	62Neutral	CAD 319.19M	8.40	10.72%	―	5.35%	95.32%
TSE:GASX	54Neutral	CAD 270.34M	5.85	45.29%	―	39.12%	―

* 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.	0.99	-0.03	-2.94%
TSE:ALV	Alvopetro Energy	8.98	3.39	60.53%
TSE:CVVY	Cavvy Energy Ltd	1.91	1.04	119.54%
TSE:PRQ	Petrus Resources	1.73	0.09	5.68%
TSE:JOY	Journey Energy (OTC)	4.73	0.81	20.66%

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: Nov 14, 2026

NG Energy International AI Stock Analysis