(INDO) Indonesia Energy - Ratings and Ratios

Indonesia Energy Corporation Limited is an oil and gas exploration and production company operating in Indonesia, with a focus on developing its assets in the Kruh Block and Citarum Block. The Kruh Block, a producing asset, spans 258 square kilometers in South Sumatra, while the Citarum Block, an exploration asset, covers 3,924.67 square kilometers in onshore West Java. As a subsidiary of Maderic Holding Limited, the company was established in 2018 and is headquartered in Jakarta.

The companys operational strategy is centered around maximizing the potential of its existing assets, with a particular emphasis on the Kruh Block, which is already generating revenue. With its exploration block in Citarum, Indonesia Energy Corporation is poised to capitalize on potential future discoveries, further bolstering its position in the Indonesian oil and gas sector.

Analyzing the , the stocks current price is $2.29, below its 20-day and 50-day moving averages, indicating a short-term downtrend. The 200-day moving average at $3.01 suggests a longer-term decline. The Average True Range (ATR) of 0.14 represents a 5.99% daily volatility, indicating moderate price fluctuations. Given the 52-week high of $5.10 and low of $2.12, the stock is currently trading near its lower end, potentially signaling a buying opportunity if it can regain upward momentum.

From a perspective, Indonesia Energy Corporations market capitalization stands at $32.13 million, with a negative Return on Equity (RoE) of -21.88%, indicating the company is currently not generating profits for its shareholders. The absence of P/E and forward P/E ratios further underscores the companys current unprofitability. However, this could be a turning point as the company focuses on developing its assets and potentially ramping up production.

Forecasting the stocks performance based on both and , a potential turnaround could be anticipated if Indonesia Energy Corporation successfully ramps up production in its Kruh Block and makes significant discoveries in the Citarum Block. Should the company achieve profitability, a reevaluation of its valuation multiples would be warranted. Technically, a sustained break above the 20-day SMA of $2.37 could signal a short-term uptrend, with the 200-day SMA at $3.01 serving as a longer-term target. However, this would require a significant improvement in the companys financial performance and potentially a more favorable oil price environment.