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Tethys Petroleum
(TPL)
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Rating:64Neutral
Price Target:
C$1.50
▲(15.38% Upside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by improving profitability and a very conservative, debt-free balance sheet, partially offset by weak TTM cash conversion (slightly negative free cash flow) and historical earnings volatility. Technicals are mixed (short-term support but still below longer-term averages), while valuation appears reasonable on a mid-range P/E with no dividend data to add support.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet materially reduces interest, refinancing, and liquidity risk. It gives TPL greater flexibility to fund exploration, sustain operations, or pursue asset opportunities through the commodity cycle without heavy fixed financial obligations.
Negative Factors
Weak Free Cash Flow Conversion
Negative TTM free cash flow shows that recent earnings are not fully converting into surplus cash after investment needs. If sustained, this could constrain exploration, field development, and distributions despite reported operating profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet materially reduces interest, refinancing, and liquidity risk. It gives TPL greater flexibility to fund exploration, sustain operations, or pursue asset opportunities through the commodity cycle without heavy fixed financial obligations.
Read all positive factors
Tethys Petroleum (TPL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$142.42M
Dividend Yield1.19%
Average Volume (3M)2.14K
Price to Earnings (P/E)12.9
Beta (1Y)0.66
Revenue Growth86.37%
EPS GrowthN/A
CountryCA
Employees232
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.07
Shares Outstanding114,857,250
10 Day Avg. Volume2,208
30 Day Avg. Volume2,143
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)2.94
Price to Sales (P/S)3.36
P/FCF Ratio34.43
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
Tethys Petroleum Business Overview & Revenue Model
Company Description
Tethys Petroleum Limited is an energy company primarily engaged in the acquisition, exploration, and development of oil and natural gas resources within Kazakhstan. The firm maintains complete ownership (a 100% working interest) across multiple cr...
How the Company Makes Money
TPL’s core revenue model (when operating producing assets) is based on upstream oil and gas production: it earns revenue by selling crude oil, condensate, and/or natural gas produced from its fields to buyers, with realized revenue determined by p...
Tethys Petroleum Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.44M | 26.42M | 15.20M | 36.48M | 65.49M | 15.91M |
| Gross Profit | 16.02M | 14.22M | 6.72M | 26.13M | 50.84M | 9.38M |
| EBITDA | 9.45M | 7.96M | -16.65M | 23.47M | 50.29M | 8.06M |
| Net Income | 7.06M | 6.67M | -12.39M | 9.74M | 12.30M | -3.99M |
Balance Sheet | ||||||
| Total Assets | 71.88M | 64.23M | 56.23M | 85.33M | 87.27M | 73.94M |
| Cash, Cash Equivalents and Short-Term Investments | 6.25M | 8.15M | 5.96M | 7.22M | 14.54M | 9.28M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 2.51M | 6.58M |
| Total Liabilities | 37.71M | 33.97M | 33.08M | 43.14M | 52.15M | 51.59M |
| Stockholders Equity | 34.17M | 30.26M | 23.15M | 42.19M | 35.12M | 22.36M |
Cash Flow | ||||||
| Free Cash Flow | -325.49K | 2.58M | -803.00K | -1.71M | 22.21M | -577.00K |
| Operating Cash Flow | 5.97M | 10.77M | 6.91M | 10.11M | 34.08M | 14.91M |
| Investing Cash Flow | -6.77M | -7.80M | -7.65M | -11.55M | -22.50M | -8.73M |
| Financing Cash Flow | 176.00K | -973.00K | 0.00 | -5.88M | -5.16M | 1.40M |
Tethys Petroleum Technical Analysis
Positive
1.30
Price Trends
1.13
Positive
1.23
Positive
1.40
Negative
Market Momentum
0.03
Negative
54.16
Neutral
54.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TPL, the sentiment is Positive. The current price of 1.3 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.13, and below the 200-day MA of 1.40, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 54.16 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TPL.
Tethys Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$305.21M | 11.32 | 9.33% | ― | 23.27% | -0.84% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | C$142.42M | 12.90 | 23.08% | 1.19% | 86.37% | ― | |
52 Neutral | C$220.38M | -104.98 | -0.41% | 8.28% | 2.67% | 68.98% | |
49 Neutral | C$76.61M | -2.61 | -28.96% | 164.50% | -23.27% | -777.54% | |
48 Neutral | C$122.25M | -1.69 | -74.92% | ― | 273.28% | -656.13% | |
48 Neutral | C$300.75M | -26.34 | -41.15% | ― | ― | -341.10% |
* Energy Sector Average
TSE:TPL
Tethys Petroleum
1.24
0.24
24.00%
TSE:KEI
Kolibri Global Energy
8.49
1.40
19.75%
TSE:QEC
Questerre
0.27
-0.05
-16.41%
TSE:BNE
Bonterra Energy
6.11
2.65
76.59%
TSE:EOG
Eco Atlantic Oil & Gas
0.86
0.71
454.84%
TSE:ORC.B
Orca Exploration Group
2.31
1.07
86.44%
Tethys Petroleum Corporate Events
Business Operations and StrategyFinancial Disclosures
Tethys Petroleum Boosts Sales, Targets Production Ramp-Up After Turbine Setbacks
Positive
Aug 24, 2026
Tethys Petroleum reported a 70% rise in second-quarter 2026 oil and gas sales to $10.4 million, driven by higher oil output and the start of processing crude into refined products, although the period swung to a small net loss from a prior-year pr...
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.