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INDOINDOEnergy · Oil & Gas E&P

INDO Stock Forecast: Indonesia Energy Corp. Ltd. Price Predictions for 2026-2027

Last close, 4 Nov 2026
$2.54
−4.87% on the day

Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 25 of 100 as at 3 Nov 2026 — in the lower half.

Market cap
$41.1M
Ticker Nerd rank
25/ 100
Median analyst target
—
Analysts covering
0
Total return, dividends reinvested
1W
−4.9%
1M
−4.9%
YTD
−13.3%
1Y
−9.0%
From 52W high
−62.3%
From 52W low
+2.0%
$2.49
$6.74
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

INDO stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Indonesia Energy Corp. Ltd. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 3 Nov 2026
25/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Growth
95
Size
82
Issuance
58
Momentum
44
Accruals
33
Revisions
25
Volatility
25
Quality
4
Value
1

Growth (95): Sales and profits are climbing, and climbing faster than before.

Value (1): The shares cost a lot relative to the profits and assets behind them.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

INDO stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on INDO, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$2.00$3.00$4.00$5.00$6.00Jan 26Apr 26Jul 26Oct 26INDO

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

Recent analyst actionsNewest first
DateFirmActionRatingTarget
6 July 2022EF HuttonInitiatesBuy—
24 June 2022Noble Capital MarketsUpgradeOutperform—
8 Mar 2022Noble Capital MarketsDowngradeUnderperform—
25 Mar 2021Noble Capital MarketsUpgradeOutperform—
12 Feb 2020Aegis CapitalInitiatesBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

INDO appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
  • The AI build-out map, free: every AI company we track, part by part, and one part in full with each verdict.

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Performance

INDO vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Nov 2026, Indonesia Energy Corp. Ltd. returned −9.0% against +14.8% for the S&P 500, dividends included.

INDO vs S&P 500, last 12 monthsTotal return, rebased to 100
80100120140160180200Jan 26Apr 26Jul 26Oct 26INDOS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

INDO analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Fundamentals

Indonesia Energy Corp. Ltd. (INDO) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
—
Price / sales
15.1×

Cheaper than 10% of US stocks

Price / book
2.0×

Cheaper than 42% of US stocks

EV / EBITDA
−10.9×

Cheaper than 86% of US stocks

Growth & margins
Revenue growth (YoY)
66.4%

Higher than 89% of US stocks

Earnings growth (YoY)
—
Gross margin
—
Operating margin
−94.8%

Higher than 14% of US stocks

Net margin
−152.7%

Higher than 4% of US stocks

Returns & dividend
Return on equity
−19.8%

Higher than 32% of US stocks

Return on assets
−10.0%

Higher than 27% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Indonesia Energy Corp. Ltd. (INDO) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Indonesia Energy Corp. Ltd. has a market value of $41.1M and an enterprise value of $34.9M.

  • Shares outstanding: 15.0M.

  • forward P/E: −3.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • Indonesia Energy Corp. Ltd. employs 39 people.

market figures as at 4 Nov 2026

Data provided by Twelve Data

Peers

INDO vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelOil & Gas E&P
CompanyMarket capTKN rank
INDOIndonesia Energy Corp. Ltd.$41.1M25
PROPPrairie Operating Co.$46.0M73
BATLBattalion Oil Corp.$47.6M27
BSINBig Sky Industrial, Inc.$77.5M17
CKXCKX Lands, Inc.$21.4M72
EPEmpire Petroleum Corp.$82.0M18
MXCMexco Energy Corp.$18.8M52

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Indonesia Energy Corp. Ltd. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest INDO news & analysis

Indonesia Energy Commences Drilling of WK-5 Well at Kruh Block

GlobeNewsWire · 26 Oct 2026positive

Indonesia Energy Corp. said drilling began October 21, 2026, on the WK-5 well at its Kruh Block in Sumatra. The well is planned to reach approximately 5,200 feet to test additional oil and potential natural gas-bearing formations identified through 3-D seismic work.

Why it matters — The drilling is part of INDO’s ongoing Kruh Block development program and will test formations at a greater depth than the recently completed K-29 well.

Indonesia Energy Celebrates Oil Production from K-29 Well and Rig-Up at New WK-5 Well Location

GlobeNewsWire · 6 Oct 2026positive

Indonesia Energy said its president led a delegation to the Kruh Block in early October to celebrate oil production from the recently drilled K-29 well. The delegation also visited the nearby WK-5 site, where setup and assembly of the K-29 drilling rig are underway.

Why it matters — The update reports production from K-29 and progress preparing the next well location at the Kruh Block.

Indonesia Energy Announces Availability of Financial Results

GlobeNewsWire · 25 Sept 2026neutral

Indonesia Energy Corporation announced that it filed its unaudited financial results for the six months ending June 30, 2026, in accordance with NYSE American exchange rules. The announcement was made on September 25, 2026.

Why it matters — This filing provides INDO watchers with updated financial information on the company's recent performance, fulfilling its exchange reporting requirements.

Indonesia Energy to Present at H.C. Wainwright 28th Annual Global Investment Conference on Tuesday, September 15, 2026

GlobeNewsWire · 10 Sept 2026neutral

Indonesia Energy Corporation announced that its President, Frank Ingriselli, will present at the H.C. Wainwright 28th Annual Global Investment Conference on September 15, 2026, where he will provide an update on the company's current drilling and production operations.

Why it matters — This conference appearance offers INDO watchers an opportunity to hear directly from the company's president about its ongoing drilling and production activities.

Indonesia Energy Discovers Oil at K-29 Well

GlobeNewsWire · 2 Sept 2026positive

Indonesia Energy Corporation announced it discovered good quality oil during testing operations at the newly drilled K-29 well in the Kruh Block. Production operations at the well are scheduled to commence in the next couple of weeks.

Why it matters — A confirmed oil discovery at the K-29 well marks a notable operational milestone for INDO and could signal increased production from its Kruh Block assets.

FAQ

Frequently asked questions about INDO stock

How does Ticker Nerd's model rank INDO?

As at 3 Nov 2026, Indonesia Energy Corp. Ltd. ranks 25 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Growth (95 of 100).

What is the INDO stock forecast for 2030?

No analyst covering Indonesia Energy Corp. Ltd. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for INDO are extrapolating price history, which says nothing about the business.

How has INDO stock performed over the past year?

Indonesia Energy Corp. Ltd. returned -9.0% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Indonesia Energy Corp. Ltd. do?

Indonesia Energy Corporation Limited is an oil and gas exploration and production company focused on Indonesia’s energy sector. Indonesia Energy Corporation Limited develops and manages a portfolio of onshore assets that includes producing and exploration blocks, with operations centered on the Kruh and Citarum blocks and additional exploration potential in the Rangkas area.

What is the latest news on INDO?

The most recent item we track (GlobeNewsWire, 26 Oct 2026): "Indonesia Energy Commences Drilling of WK-5 Well at Kruh Block". Indonesia Energy Corp. said drilling began October 21, 2026, on the WK-5 well at its Kruh Block in Sumatra. The well is planned to reach approximately 5,200 feet to test additional oil and potential natural gas-bearing formations identified through 3-D seismic work.

Company

About Indonesia Energy Corp. Ltd.

Indonesia Energy Corporation Limited is an oil and gas exploration and production company focused on Indonesia’s energy sector. Indonesia Energy Corporation Limited develops and manages a portfolio of onshore assets that includes producing and exploration blocks, with operations centered on the Kruh and Citarum blocks and additional exploration potential in the Rangkas area. The company’s business is built around finding, developing, and monetizing hydrocarbons through upstream activities such as field evaluation, drilling, and production management. Headquartered in Jakarta, Indonesia, it serves as a specialized independent energy operator within the country’s broader oil and gas market. Its role in the financial market is tied to exposure to upstream energy operations and Indonesia’s domestic resource base, making it a focused participant in the integrated energy and petroleum services value chain.

CEO Dr. Wirawan Jusuf · 39 employees · Indonesia · https://indo-energy.com