OMA Shares Omega Oil & Gas Limited
ASX · ASXLast in our picks 2026-10-15 — not in the current list; analysis below is from that screen
Exploration upside and drilling catalysts create significant rerating potential for risk-tolerant investors.
Future value: $1.08 (+65.27%) · 6-12 months · analyst consensus
Signal breakdown
- ▸Canaccord reiterated Buy amid upcoming drilling catalysts.
- ▾Below 50-day MA (-4%)
- ▸Above 200-day MA — long-term uptrend
- ▸~65% upside to price target
Is OMA a buy right now?
Trend: OMA is trading above the 50-day average (+5.48%), RSI 73 — overbought territory, with a 3-month return of +38.74%.
Valuation & quality: Omega Oil & Gas Limited trades on forward P/E -55.0, price-to-book 2.44; fundamentals show net margin 0.0%, return on equity -6.5%.
Analyst consensus: 4 analysts have a mean 12-month price target of A$1.17 (+52.3% vs the last close; range A$0.56 – A$1.40), consensus rating “strong buy”.
Our screen: STRONG BUY (score 4) — Exploration upside and drilling catalysts create significant rerating potential for risk-tolerant investors.
Computed from end-of-day data; not personal advice.
12-month price chart
Monthly returns
| Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|---|
| +43.90% | +4.90% | -19.80% | -4.30% | -15.20% | +16.10% | +18.50% | +0.00% |
Fundamentals
Analyst price target
Technical signals
About Omega Oil & Gas Limited
Omega Oil & Gas Limited engages in the evaluation and exploration of oil and gas resources in Australia. Its flagship project is The Canyon Project, located in the Taroom Trough. The company was incorporated in 2020 and is based in Brisbane, Australia.
Sector: Energy · Industry: Oil & Gas E&P · Australia · Website
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Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.