TSXV:EOG

Stock Analysis Report

Eco (Atlantic) Oil & Gas

Executive Summary

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Eco (Atlantic) Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

11.9%

EOG

0.6%

CA Oil and Gas

0.2%

CA Market


1 Year Return

205.0%

EOG

-12.0%

CA Oil and Gas

1.2%

CA Market

Return vs Industry: EOG exceeded the Canadian Oil and Gas industry which returned -12% over the past year.

Return vs Market: EOG exceeded the Canadian Market which returned 1.2% over the past year.


Shareholder returns

EOGIndustryMarket
7 Day11.9%0.6%0.2%
30 Day-4.3%-6.4%-2.5%
90 Day84.8%-3.9%-1.5%
1 Year205.0%205.0%-8.1%-12.0%4.7%1.2%
3 Year1255.6%1255.6%-16.3%-24.9%14.0%3.8%
5 Year1009.1%1009.1%-21.8%-33.6%26.4%8.1%

Price Volatility Vs. Market

How volatile is Eco (Atlantic) Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Eco (Atlantic) Oil & Gas undervalued compared to its fair value and its price relative to the market?

11.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate EOG's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate EOG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EOG is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: EOG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate EOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EOG is overvalued based on its PB Ratio (11.6x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Eco (Atlantic) Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EOG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EOG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EOG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if EOG's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if EOG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if EOG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Eco (Atlantic) Oil & Gas performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: EOG is unprofitable, and losses have increased over the past 5 years at a rate of -2.2% per year.

Accelerating Growth: Unable to compare EOG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (62.2%).


Return on Equity

High ROE: EOG has a negative Return on Equity (-10.02%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: EOG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: EOG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Eco (Atlantic) Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: EOG's short term assets (CA$42.3M) exceeds its short term liabilities (CA$5.7M)

Long Term Liabilities: EOG has no long term liabilities


Debt to Equity History and Analysis

Debt Level: EOG is debt free.

Reducing Debt: EOG has not had any debt for past 5 years.


Balance Sheet

Inventory Level: EOG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if EOG's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable EOG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: EOG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 64.9% per year.


Next Steps

Dividend

What is Eco (Atlantic) Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage4.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate EOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate EOG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if EOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EOG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EOG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Eco (Atlantic) Oil & Gas's salary, the management and board of directors tenure and is there insider trading?

7.9yrs

Average management tenure


CEO

Gil Holzman (47yo)

7.9yrs

Tenure

CA$472,509

Compensation

Mr. Gil Holzman has been the Chief Executive Officer and President at Eco (Atlantic) Oil & Gas Ltd., an affiliate of Eco Oil & Gas (Namibia) (Pty) Ltd. since November 25, 2011. Mr. Holzman has been the Chi ...


Management Age and Tenure

7.9yrs

Average Tenure

59yo

Average Age

Experienced Management: EOG's management team is seasoned and experienced (7.9 years average tenure).


Board Age and Tenure

7.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: EOG's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

Insider Buying: EOG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$92,05409 Oct 19
Peter Nicol
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares40,000
Max PriceCA$2.30
BuyCA$82,16726 Sep 19
Gil Holzman
EntityIndividual
Role
Chief Executive Officer
CEO, President & Executive Director
Shares33,865
Max PriceCA$2.43
BuyCA$6,587,19210 Apr 19
Africa Oil Corp.
EntityCompany
Shares4,752,850
Max PriceCA$1.39
SellCA$14,02515 Nov 18
Alan Rootenberg
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares16,500
Max PriceCA$0.85

Ownership Breakdown


Management Team

  • Derek Linfield (62yo)

    Consultant

    • Tenure: 1.9yrs
    • Compensation: CA$13.36k
  • Alan Rootenberg (67yo)

    Chief Financial Officer

    • Tenure: 7.4yrs
    • Compensation: CA$42.80k
  • Colin Kinley (59yo)

    COO & Director

    • Tenure: 7.9yrs
    • Compensation: CA$399.68k
  • Alan Friedman (47yo)

    Executive VP

    • Tenure: 7.8yrs
    • Compensation: CA$198.61k
  • Gil Holzman (47yo)

    CEO, President & Executive Director

    • Tenure: 7.9yrs
    • Compensation: CA$472.51k

Board Members

  • Keith Hill (60yo)

    Director

    • Tenure: 1.8yrs
  • Colin Kinley (59yo)

    COO & Director

    • Tenure: 7.9yrs
    • Compensation: CA$399.68k
  • Peter Nicol (62yo)

    Non-Executive Director

    • Tenure: 7.4yrs
    • Compensation: CA$63.15k
  • Alan Friedman (47yo)

    Executive VP

    • Tenure: 7.8yrs
    • Compensation: CA$198.61k
  • Gadi Levin (46yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: CA$106.58k
  • Gil Holzman (47yo)

    CEO, President & Executive Director

    • Tenure: 7.9yrs
    • Compensation: CA$472.51k
  • Peter Peterburg (66yo)

    Non-Executive Chairman

    • Tenure: 7.9yrs
    • Compensation: CA$156.68k
  • Helmut Angula (72yo)

    Director

    • Tenure: 7.9yrs
    • Compensation: CA$46.22k

Company Information

Eco (Atlantic) Oil & Gas Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eco (Atlantic) Oil & Gas Ltd.
  • Ticker: EOG
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$461.337m
  • Shares outstanding: 189.07m
  • Website: https://www.ecooilandgas.com

Location

  • Eco (Atlantic) Oil & Gas Ltd.
  • 7 Coulson Avenue
  • Toronto
  • Ontario
  • M4V 1Y3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EOGTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2011
ECAO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2011
ECOAIM (London Stock Exchange AIM Market)YesCommon SharesGBGBPNov 2011
EOIBST (Boerse-Stuttgart)YesCommon SharesDEEURNov 2011

Biography

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:39
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.