SNGN Romgaz S.A. (SLTQY) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
DELISTED
What happened to SNGN Romgaz S.A. (SLTQY) stock?
SNGN Romgaz S.A. (SLTQY) no longer trades on public markets. The figures below are historical and are not a current quote.
P/E 0.94 means the share price is 0.94 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $3.47B is the value of all shares combined. Beta 0.87: the stock has moved about 13% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
SNGN Romgaz S.A. (SLTQY). SNGN Romgaz S.A. is a Romanian natural gas company involved in exploration, production, and supply. With a history dating back to 1909, it plays a crucial role in Romania's energy sector. Market cap: $3.47B, Sector: Energy.
Last analyzed: Mar 16, 2026Analyst Coverage for SLTQY: SLTQY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SLTQY against Energy peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Dated analysis: the newest financial statements on file are 24 months old (Sep 1, 2024), so the figures and score below describe that period, not today.
SLTQY: 1/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bearish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
SNGN Romgaz S.A. (SLTQY) Energy Operations & Outlook
SNGN Romgaz S.A., established in 1909 and headquartered in Romania, is a key player in the natural gas sector, focusing on exploration, production, and supply. The company boasts a substantial market capitalization and high profit margin, operating within the broader European energy landscape and contributing significantly to Romania's energy independence.
What Is the Investment Thesis for SLTQY?
SNGN Romgaz S.A. presents a compelling, albeit risky, investment case due to its dominant position in the Romanian natural gas market and high profit margin of 36.6%. The company's low P/E ratio of 0.94 suggests potential undervaluation. Growth catalysts include increased natural gas demand in Europe and expansion into renewable energy sources. However, investors should be aware of the risks associated with OTC trading, regulatory changes, and geopolitical factors affecting the energy sector. The company's beta of 0.87 indicates lower volatility compared to the overall market. Successful execution of its energy transition strategy and continued operational efficiency are crucial for sustained growth.
Based on FMP financials and quantitative analysis
SLTQY Key Highlights
Market capitalization of $3.47B reflects its significant presence in the Romanian energy market.
- P/E ratio of 0.94 suggests potential undervaluation compared to industry peers.
- Profit margin of 36.6% demonstrates strong profitability and operational efficiency.
- Gross margin of 89.7% indicates efficient cost management in natural gas production.
- Beta of 0.87 suggests lower volatility compared to the broader market.
Who Are SLTQY's Competitors?
SLTQY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BTEGF Baytex Energy Corp. | $4.05 | 0.00% | $2.25B | — |
| CHRD Chord Energy Corporation | $151.82 | +1.56% | $8.55B | 815-pillar |
| HIIDQ Hidili Industry International Development Limited | $0.91 | +0.59% | $4.19B | — |
| IMYCF Inner Mongolia Yitai Coal Co.,Ltd | $1.80 | 0.00% | $4.42B | — |
| ISRMF Isramco Negev 2 Limited Partnership | $0.66 | 0.00% | $1.72B | — |
| TGS Transportadora de Gas del Sur S.A. | $30.74 | +3.05% | $4.63B | 815-pillar |
| NFG National Fuel Gas Company | $82.33 | -0.15% | $7.83B | 735-pillar |
| MGYOY MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság | $8.29 | +3.63% | $10.5B | 459-signal |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are SLTQY's Key Strengths?
Dominant position in the Romanian natural gas market.
- High profit margin and efficient operations.
- Extensive natural gas reserves.
- Integrated operations across the natural gas value chain.
What Are SLTQY's Weaknesses?
Dependence on natural gas prices and demand.
- Exposure to regulatory and political risks in Romania.
- Limited diversification beyond natural gas.
- OTC market trading can limit investor access.
What Could Drive SLTQY Stock Higher?
Increased natural gas demand in Europe due to geopolitical factors.
- Expansion into renewable energy sources to diversify revenue streams.
- Development of new underground storage facilities to enhance energy security.
- Potential for new discoveries of natural gas reserves through exploration activities.
- Strategic partnerships and acquisitions to expand operations and market reach.
What Are the Key Risks for SLTQY?
Fluctuations in natural gas prices impacting profitability.
- Geopolitical risks and supply disruptions affecting natural gas supply.
- Increasing competition from other energy sources.
- Environmental regulations and carbon taxes increasing operating costs.
- Regulatory and political risks in Romania affecting operations.
What Are the Growth Opportunities for SLTQY?
- Expansion into Renewable Energy: Romgaz has the opportunity to invest further in renewable energy sources, such as solar and wind power, to diversify its energy portfolio and reduce its carbon footprint. This aligns with the global shift towards sustainable energy and could attract environmentally conscious investors. The European Union's Green Deal provides financial incentives and regulatory support for renewable energy projects, creating a favorable environment for Romgaz to expand its renewable energy capacity. Timeline: Ongoing.
- Increased Natural Gas Production: With growing demand for natural gas in Europe, Romgaz can increase its natural gas production to capitalize on this opportunity. This would require investments in exploration and production infrastructure, but could significantly boost revenue and profitability. The company's existing natural gas reserves and production capabilities position it well to meet the increasing demand. Timeline: Ongoing.
- Development of Underground Storage Facilities: Romgaz can further develop its underground natural gas storage facilities to enhance energy security and provide storage services to other companies. This would generate additional revenue streams and strengthen its position in the natural gas market. The increasing need for energy storage solutions makes this a promising growth area. Timeline: Ongoing.
- Exploration of New Natural Gas Reserves: Romgaz can invest in exploration activities to discover new natural gas reserves, ensuring long-term sustainability and growth. This would require geological research and drilling activities, but could significantly increase its resource base. Successful exploration could lead to new production opportunities and increased market share. Timeline: Ongoing.
- Strategic Partnerships and Acquisitions: Romgaz can pursue strategic partnerships and acquisitions to expand its operations and market reach. This could involve partnering with other energy companies or acquiring smaller natural gas producers. Strategic alliances could provide access to new technologies, markets, and resources. Timeline: Ongoing.
What Are SLTQY's Competitive Advantages?
- Dominant market share in the Romanian natural gas market.
- Extensive natural gas reserves and production infrastructure.
- Strategic location and access to the European natural gas market.
- Long-standing history and established relationships with key stakeholders.
What Does SLTQY Do?
SNGN Romgaz S.A., founded in 1909 and headquartered in Medias, Romania, is the largest natural gas producer in Romania. The company's core business revolves around the exploration, production, and supply of natural gas. Over its century-long history, Romgaz has evolved from a state-owned enterprise to a publicly traded company, playing a pivotal role in Romania's energy security. Beyond natural gas, Romgaz is involved in geological research to discover natural gas, crude oil, and condensate reserves. It manages the operation, production, and trading of mineral resources, including underground storage of natural gas. The company also handles the commissioning, intervention, and repair of wells, as well as the operation of well recompletion and workover activities. Romgaz has expanded into electricity production and distribution, utilizing hydro, coal, nuclear, gas, and renewable sources, with an installed capacity of 800 MW. Additionally, the company provides transportation services for goods and people, along with technological transportation. Romgaz produced 5,028.5 million m3 of natural gas.
What Products and Services Does SLTQY Offer?
- Explores for natural gas, crude oil, and condensate reserves.
- Produces and supplies natural gas to the Romanian market.
- Engages in geological research to discover new mineral resources.
- Operates and manages underground storage of natural gas.
- Commissions, intervenes, and repairs natural gas wells.
- Produces and distributes electricity through various sources, including renewables.
- Provides transportation services for goods and people.
How Does SLTQY Make Money?
- Generates revenue through the sale of natural gas.
- Revenue from electricity production and distribution.
- Income from underground storage of natural gas services.
- Revenue from transportation services.
What Industry Does SLTQY Operate In?
SNGN Romgaz S.A. operates within the oil and gas industry, specifically focusing on natural gas exploration, production, and supply. The industry is characterized by fluctuating commodity prices, geopolitical risks, and increasing pressure to transition to cleaner energy sources. The European natural gas market is heavily influenced by supply from Russia and Norway, creating both opportunities and challenges for companies like Romgaz. Competitors include companies like BTEGF (Baytex Energy Corp), CHRD (Chord Energy Corp), HIIDQ (Highland Resources Inc), IMYCF (InPlay Oil Corp), and ISRMF (Israel Land Development Company Ltd), each with varying strategies and market focuses.
Who Are SLTQY's Key Customers?
- Residential consumers in Romania.
- Industrial customers requiring natural gas for their operations.
- Power plants utilizing natural gas for electricity generation.
- Other energy companies requiring natural gas storage services.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price 5 days old
- ● Latest filing 438 days ago
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 4 snapshots
| 2026-08-23 | 51 |
| 2026-08-24 | 51 |
| 2026-08-25 | 51 |
| 2026-08-26 | 51 |
What changed?
The score has stayed at 51.
Over the same 3 days the stock moved +0.0%.
Forward Outlook
Wall Street analysts project SNGN Romgaz S.A. revenue of about $8.21B for fiscal 2026, with EPS near $0.00. The estimate reflects 4 contributing analysts.
Quarterly Financial Performance: SNGN Romgaz S.A.
Revenue for SNGN Romgaz S.A. came in at $1.87B during Q2 FY2025, a 21.5% contraction versus the preceding quarter. The company recorded net income of $728.3M, with diluted EPS of $1.89. Revenue has contracted over three consecutive quarters, which investors in this mid-cap Energy stock should monitor closely. Across the four most recent quarters, SLTQY averaged $1.99 in diluted EPS.
SLTQY Valuation & Market Position
With a $3.47B market cap, SNGN Romgaz S.A. sits in the mid-cap segment of the market.
Key Financial Metrics
Return on equity for SNGN Romgaz S.A. stands at 11.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 7.8%, showing how much profit it generates from its asset base. SLTQY trades at a trailing price-to-earnings ratio of 0.94, below the Energy sector average of ~15.80x. Its free cash flow yield is -0.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.52 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 106.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
SNGN Romgaz S.A.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 2.98 places it in the grey zone, a middle ground that warrants monitoring.
Company Profile
SNGN Romgaz S.A. operates in the Oil & Gas Integrated industry within the Energy sector. It is headquartered in Medias, RO. The company is led by CEO Razvan Popescu. SLTQY has traded publicly since 2014.
SLTQY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Dominant position in the Romanian natural gas market.
- High profit margin and efficient operations.
- Extensive natural gas reserves.
- Integrated operations across the natural gas value chain.
Bear Case
- Dependence on natural gas prices and demand.
- Exposure to regulatory and political risks in Romania.
- Limited diversification beyond natural gas.
- OTC market trading can limit investor access.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2025 | RON 1.87B | RON 728M | RON 1.89 |
| Q1 FY2025 | RON 2.38B | RON 951M | RON 2.47 |
| Q4 FY2024 | RON 2.38B | RON 946M | RON 2.45 |
| Q3 FY2024 | RON 1.73B | RON 436M | RON 1.13 |
Q2 FY2025 · filed 30 Jun 2025 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Reported in RON
SLTQY Latest News
No recent news available for SLTQY.
Leadership: Razvan Popescu
CEO
Razvan Popescu is the CEO of SNGN Romgaz S.A. His background includes extensive experience in the energy sector, with a focus on natural gas exploration, production, and supply. He has held various leadership positions within the company, contributing to its strategic development and operational efficiency. His expertise spans across technical, financial, and managerial aspects of the energy industry. He is responsible for managing a workforce of 5963 employees.
Track Record: Under Razvan Popescu's leadership, SNGN Romgaz S.A. has maintained its dominant position in the Romanian natural gas market. He has overseen the company's efforts to increase natural gas production and expand into renewable energy sources. His strategic decisions have contributed to the company's strong financial performance and operational efficiency. Key milestones include the successful development of new natural gas reserves and the implementation of cost-saving measures.
SLTQY OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that SNGN Romgaz S.A. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited information available to investors and may be subject to less regulatory oversight compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the potential for limited liquidity, price volatility, and lack of transparency.
- OTC Tier: OTC Other
- Limited liquidity and potential for price volatility.
- Lack of transparency due to limited financial reporting.
- Higher risk of fraud and manipulation compared to major exchanges.
- Potential for delisting or suspension of trading.
- Limited regulatory oversight and investor protection.
- Verify the company's financial statements and disclosures.
- Research the company's management team and their track record.
- Assess the company's business model and competitive position.
- Evaluate the company's compliance with regulatory requirements.
- Understand the risks associated with OTC trading.
- Consult with a financial advisor before investing.
- Check for any legal or regulatory issues involving the company.
- Established history as the largest natural gas producer in Romania.
- Significant market capitalization of $3.47B.
- High profit margin of 36.6%.
- Operations in a regulated industry (energy).
- Managing 5963 employees.
SNGN Romgaz S.A. Energy Stock: Key Questions Answered
What happened to SNGN Romgaz S.A. (SLTQY) stock?
SNGN Romgaz S.A. (SLTQY) no longer trades on public markets. The figures below are historical and are not a current quote.
Can I still buy SLTQY shares?
No. SLTQY stopped trading on public markets, so the shares are not available through a broker. Anything you see quoted for SLTQY elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before SLTQY stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to SNGN Romgaz S.A.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does SNGN Romgaz S.A. do?
SNGN Romgaz S.A. is the largest natural gas producer in Romania, engaging in the exploration, production, and supply of natural gas.
What are the main risks for SLTQY?
The main risks for SLTQY include fluctuations in natural gas prices, which can significantly impact profitability. Geopolitical risks and potential supply disruptions in the European natural gas market pose a threat to supply and revenue.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market investments carry additional risks.