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Indonesia Energy Corporation Limited (INDO)
USD2.88
-0.07 (-2.21%)
ID AMEX Energy Oil & Gas Exploration & Production
Address
DEA Tower I 12950
Jakarta, ID
Jakarta, ID
CEO
Wirawan Jusuf
Website
indo-energy.com
IPO
2019-12-19
CIK 1757840 ISIN KYG4760X1025
Description
Indonesia Energy Corporation Limited is an oil and gas exploration and production company operating within Indonesia. Its assets include a stake in the Kruh Block, a currently producing field situated northwest of Pendopo, Pali, South Sumatra. This block spans 258 square kilometers and contains 1.52 million barrels of proven net crude oil reserves. Additionally, the company holds an interest in the Citarum Block, a 3,924.67-square-kilometer exploration area located onshore in West Java. Established in 2018 with its headquarters in Jakarta, Indonesia, the company operates as a subsidiary of Maderic Holding Limited.
News Sentiment (7d)
Based on only 1 article — low confidence
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD2.88
-0.07 (-2.21%)
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Volume Profile
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Liquidity & share structure
Average Volume
724.0K
Beta
-0.69
Float Shares
9.78M
Free Float %
63.5%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.65% | +2.63% | +1.30% | -14.52% | +11.43% | +6.48% | +30.54% | -30.67% | -45.55% | -70.84% | -70.84% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (3 ratings, all time)
Buy
Price Targets & DCF
Current price
2.88
Low
11.00
+282.6%
Consensus
11.00
+282.6%
Median
11.00
+282.6%
High
11.00
+282.6%
Ratings Trend (MoM)
100% Bullish
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Price Target Summary
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | — | — |
| Last Quarter | — | — |
| Last Year | — | — |
| All Time | 1 |
11.00
+282.6%
|
Quality scores
Altman Z-Score
5.06
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Oil & Gas Exploration & Production: +0.0%-24.6% Q4'25: +12.0% (vs Q4'23)
-
EPS growth Oil & Gas Exploration & Production: +11.9%+45.2% ★ Q4'25: -197.6% (vs Q4'23)
-
FCF margin FCF growth · Oil & Gas Exploration & Production: +19.3%-324.9% Q4'25: -148.8% (vs Q4'23)
-
EBIT margin Oil & Gas Exploration & Production: +22.0%-268.4% Q4'25: -273.1% (vs Q4'23)
-
ROIC Oil & Gas Exploration & Production: +5.1%-35.9% Q4'25: -68.5% (vs Q4'23)
-
Share dilution Oil & Gas Exploration & Production: +0.0%+47.8% Q4'25: +47.8% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Oil & Gas Exploration & Production: 0.70×-0.20× Q4'25: -0.12× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
|---|---|---|---|---|---|---|---|
| Revenue |
4.18M
est: 4.89M (-14.5%)
|
1.98M
est: 2.33M (-15.1%)
|
2.45M
est: 4.70M (-47.8%)
|
4.10M
est: 15.40M (-73.4%)
|
3.53M
est: 11.00M (-68.0%)
|
2.67M
est: 72.17M (-96.3%)
|
2.01M
est: 92.52M (-97.8%)
|
| EBITDA |
-667.6K
est: -4.42M (+84.9%)
|
-6.57M
est: -2.11M (-211.7%)
|
-5.29M
est: -4.25M (-24.5%)
|
-3.46M
est: -13.92M (+75.2%)
|
-2.38M
est: -9.94M (+76.1%)
|
-4.53M
est: -65.23M (+93.1%)
|
-4.20M
est: -83.62M (+95.0%)
|
| EBIT |
-1.60M
est: -4.89M (+67.3%)
|
-7.27M
est: -2.33M (-211.7%)
|
-6.10M
est: -4.70M (-29.8%)
|
-4.60M
est: -15.40M (+70.1%)
|
-3.56M
est: -11.00M (+67.7%)
|
-5.99M
est: -72.17M (+91.7%)
|
-5.40M
est: -92.52M (+94.2%)
|
| Net Income |
-1.67M
est: -2.23M (+25.0%)
|
-6.95M
est: -8.11M (+14.3%)
|
-6.05M
est: -7.00M (+13.5%)
|
-3.12M
est: -1.42M (-119.9%)
|
-2.64M
est: 2.13M (-224.1%)
|
-6.34M
est: -5.40M (-17.6%)
|
-5.10M
est: -5.25M (+2.8%)
|
| SGA |
2.43M
est: 9.26M (-73.7%)
|
6.53M
est: 4.41M (+48.1%)
|
5.25M
est: 8.89M (-40.9%)
|
4.60M
est: 29.13M (-84.2%)
|
3.37M
est: 20.80M (-83.8%)
|
5.17M
est: 113.64M (-95.5%)
|
3.45M
est: 145.70M (-97.6%)
|
| EPS |
-0.29
est: -0.22 (-31.8%)
|
-0.94
est: -0.80 (-17.5%)
|
-0.82
est: -0.69 (-18.8%)
|
-0.35
est: -0.14 (-150.0%)
|
-0.26
est: 0.21 (-223.8%)
|
-0.62
est: -0.36 (-72.2%)
|
-0.34
est: -0.35 (+2.9%)
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C | 2/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 2/5 |
| 2026-05-08 | C | 2/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 2/5 |
| 2026-05-07 | C | 2/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 2/5 |
| 2026-05-06 | C | 2/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 2/5 |
| 2026-05-05 | C | 2/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 2/5 |
| 2026-05-04 | C | 2/5 | 1/5 | 1/5 | 1/5 | 4/5 | 1/5 | 2/5 |
| 2026-05-01 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-30 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-04-29 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 3/5 |
| 2026-04-28 | C | 2/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 3/5 |
| 2026-04-27 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-24 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-23 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-22 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-21 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-20 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-17 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-16 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-7.44M
OE per share TTM
-0.73
Owner's Yield
-16.02%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
179.0%
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
2
Total invested
111.5K
Insider transactions (90d)
0
Beneficial owners (>5%)
4
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dr. Wirawan Jusuf | 5.22M | 70.93% | 5.22M | — | 5.22M | 10.00 | IN | Citizenship or Place of Organization | 2019-12-31 | ↗ |
| 2 | MADERIC Holding Limited | 5.22M | 70.92% | 5.22M | — | 5.22M | 10.00 | OO | Citizenship or Place of Organization | 2019-12-31 | ↗ |
| 3 | HFO Investment Group Limited | 777.8K | 10.56% | 777.8K | — | 777.8K | — | OO | British Virgin Islands | 2019-12-31 | ↗ |
| 4 | Wan-Yu Huang | 777.8K | 10.56% | 777.8K | — | 777.8K | — | IN | Jakarta, Indonesia | 2019-12-31 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2026 Q1
Investors holding
2
-9 vs prev Q
New positions
1
Closed positions
10
Increased
1
Reduced
1
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | R SQUARED LTD | 45.8K +30.6K (+201.2%) | 134.2K +89.4K (+199.1%) | 0.31% +0.187 pp | 0.06% +0.043 pp | USD2.88 +1.7% | 5 qtrs — |
| 2 | XTX TOPCO LTD | 30.6K +30.6K (+100.0%) | 89.6K +89.6K (+100.0%) | 0.20% +0.204 pp | 0.00% +0.002 pp | USD2.93 +0.0% | 1 qtrs NEW |
| 3 | — | 24.4K +24.4K (+100.0%) | 71.5K +71.5K (+100.0%) | 0.16% +0.163 pp | 0.09% +0.089 pp | USD2.93 +0.0% | 1 qtrs NEW |
| 4 | GOLDMAN SACHS GROUP INC | 24.4K +1.8K (+7.8%) | 71.4K +3.6K (+5.3%) | 0.16% -0.013 pp | 0.00% +0.000 pp | USD2.99 -2.0% | 4 qtrs — |
| 5 | TWO SIGMA INVESTMENTS, LP | 17.8K -12.1K (-40.3%) | 52.3K -37.4K (-41.7%) | 0.12% -0.114 pp | 0.00% 0.000 pp | USD2.98 -1.7% | 3 qtrs — |
| 6 | VIRTU FINANCIAL LLC | 15.1K +5.1K (+50.2%) | 44.0K +14.0K (+46.7%) | 0.10% +0.023 pp | 0.00% +0.000 pp | USD2.96 -1.0% | 3 qtrs — |
| 7 | ADVISOR GROUP HOLDINGS, INC. | 6.0K -1.5K (-20.0%) | 17.6K -5.3K (-23.1%) | 0.04% -0.018 pp | 0.00% +0.000 pp | USD3.44 -14.8% | 12 qtrs — |
| 8 | MORGAN STANLEY | 740.00 -3.6K (-83.0%) | 2.2K -10.9K (-83.4%) | 0.00% -0.029 pp | 0.00% +0.000 pp | USD2.96 -1.0% | 9 qtrs — |
| 9 | BNP PARIBAS ARBITRAGE, SNC | 396.00 +396.0 (+100.0%) | 1.2K +1.2K (+100.0%) | 0.00% +0.003 pp | 0.00% +0.000 pp | USD2.93 +0.0% | 1 qtrs NEW |
| 10 | TOWER RESEARCH CAPITAL LLC (TRC) | 52.00 +52.0 (+100.0%) | 152.00 +152.0 (+100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD2.92 +0.3% | 1 qtrs NEW |
| 11 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 12.00 +10.0 (+500.0%) | 35.00 +29.0 (+483.3%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD2.92 +0.3% | 2 qtrs — |
| 12 | JANE STREET GROUP, LLC | — -26.7K (-100.0%) | — -80.1K (-100.0%) | 0.00% -0.208 pp | 0.00% +0.000 pp | USD— | 3 qtrs SOLD |
Ownership breakdown by holder
ETF Ownership
Top ETFs holding this stock
This company is not held by any ETF in our universe.
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
0
Sells
0
Shares acquired
—
Shares disposed
—
Cash buys
—
Cash sales
—
Net activity
+0
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-18 | Wu Chia Hsin | Officer | — | — | Ordinary shares | 0 | 0.00 | — | 45,545 | D | ↗ |
| 2026-03-18 | Said Mirza Ferrinto | Director / Officer | — | — | Ordinary shares | 0 | 0.00 | — | 45,545 | D | ↗ |
| 2026-03-18 | PETERSON MICHAEL L | Director | — | — | Options | 20,000 | 2.79 | 55.8K | 0 | D | ↗ |
| 2026-03-18 | Overholtzer Gregory L | Officer | — | — | Options | 20,000 | 2.79 | 55.8K | 0 | D | ↗ |
| 2026-03-18 | Jusuf Wirawan | Director / Officer / 10% Owner | — | — | Options | 100,000 | 2.79 | 279.0K | 0 | D | ↗ |
| 2026-03-18 | Ingriselli Frank C | Officer | — | — | Ordinary shares | 0 | 0.00 | — | 60,000 | D | ↗ |
| 2026-03-18 | Husein Mochtar | Director | — | — | Options | 20,000 | 2.79 | 55.8K | 0 | D | ↗ |
| 2026-03-18 | Huang James Jerry | Director / Officer | — | — | Ordinary shares | 0 | 0.00 | — | 45,545 | D | ↗ |
| 2026-03-18 | Fathurachman Ahmad | Director | — | — | Options | 10,000 | 2.79 | 27.9K | 0 | D | ↗ |
| 2026-03-18 | Dharmawan Benny | Director | — | — | Options | 20,000 | 2.79 | 55.8K | 0 | D | ↗ |
Executive team
Top executives
EBIT / Employee
-1.7K
Shares Outstanding
15.39M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Wirawan Jusuf | Co-Founder, Chairman of the Board & Chief Executive Officer | 297.0K | — |
| James Jerry Huang | Co-Founder, Chief Investment Officer & Director | 240.0K | male |
| Chia Hsin Wu | Chief Technology Officer | 204.0K | — |
| Mirza F. Said | Chief Operating Officer & Director | 204.0K | male |
| Frank C. Ingriselli | President | 150.0K | male |
| Gregory L. Overholtzer | Chief Financial Officer | 80.0K | male |
ESG Rating
ESG Score History OIL & GAS EXPLORATION & PRODUCTION
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for INDO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
