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Cue Energy Resources Limited
(Sydney:CUE)
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Rating:68Neutral
Price Target:
AU$0.13
â–˛(4.17% Upside)
Action:Downgraded
Date:07/01/26
The score is driven primarily by solid underlying financials (notably very low leverage and strong operating efficiency) and an attractive valuation (low P/E and high dividend yield). These positives are tempered by a clear technical downtrend (price below all major moving averages) and weakening profitability/cash flow trends, particularly the decline in margins and free cash flow.
Positive Factors
Very low leverage / strong balance sheet
A near-zero debt-to-equity ratio gives Cue durable financial flexibility: it lowers fixed interest obligations, supports resilience through commodity cycles, and preserves capacity to fund development or absorb cash-call variability in joint ventures without stress on liquidity.
Negative Factors
Sharp erosion in gross and net margins
Material margin compression suggests rising costs or weaker realized prices that directly reduce cash flow and project returns. If structural (cost inflation, contract terms) rather than one-off, this will erode free cash generation and the ability to fund development or sustain distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
A near-zero debt-to-equity ratio gives Cue durable financial flexibility: it lowers fixed interest obligations, supports resilience through commodity cycles, and preserves capacity to fund development or absorb cash-call variability in joint ventures without stress on liquidity.
Read all positive factors
Cue Energy Resources Limited (CUE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$80.86M
Dividend Yield13.04%
Average Volume (3M)312.42K
Price to Earnings (P/E)11.4
Beta (1Y)-0.07
Revenue Growth12.55%
EPS Growth-25.19%
CountryAU
Employees14
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.01
Shares Outstanding703,170,700
10 Day Avg. Volume376,071
30 Day Avg. Volume312,423
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)1.39
Price to Sales (P/S)1.47
P/FCF Ratio9.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cue Energy Resources Limited Business Overview & Revenue Model
Company Description
Cue Energy Resources Limited operates as an upstream energy company, specializing in the exploration, development, and production of petroleum. Its substantial hydrocarbon assets are located in Australia, New Zealand, and Indonesia. Established in...
How the Company Makes Money
CUE makes money primarily by earning revenue from its working interests in producing oil and gas fields. Its core revenue stream is the sale of produced hydrocarbons (natural gas and liquids such as crude oil/condensate) into applicable domestic a...
Cue Energy Resources Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.44M | 54.84M | 49.66M | 51.60M | 44.44M | 22.45M |
| Gross Profit | 22.74M | 25.32M | 36.34M | 23.48M | 24.45M | -1.14M |
| EBITDA | 27.90M | 28.10M | 32.41M | 27.19M | 27.25M | -4.34M |
| Net Income | 7.09M | 6.32M | 14.19M | 15.21M | 16.07M | -12.74M |
Balance Sheet | ||||||
| Total Assets | 126.38M | 113.52M | 113.28M | 118.00M | 106.91M | 56.10M |
| Cash, Cash Equivalents and Short-Term Investments | 11.18M | 10.83M | 16.26M | 15.24M | 23.22M | 17.64M |
| Total Debt | 376.00K | 258.00K | 217.00K | 4.08M | 7.10M | 197.00K |
| Total Liabilities | 66.83M | 55.47M | 48.37M | 53.81M | 58.97M | 26.18M |
| Stockholders Equity | 59.55M | 58.05M | 64.91M | 64.19M | 47.94M | 29.92M |
Cash Flow | ||||||
| Free Cash Flow | 10.35M | 8.45M | 19.43M | 1.39M | 11.07M | -11.55M |
| Operating Cash Flow | 20.15M | 23.83M | 26.94M | 12.65M | 17.66M | -8.03M |
| Investing Cash Flow | -14.86M | -15.40M | -7.74M | -17.63M | -19.11M | -3.52M |
| Financing Cash Flow | -10.56M | -14.05M | -18.05M | -3.08M | 6.85M | -84.00K |
Cue Energy Resources Limited Technical Analysis
Positive
0.12
Price Trends
0.12
Positive
0.13
Negative
0.12
Positive
Market Momentum
>-0.01
Negative
59.09
Neutral
90.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CUE, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.09 is Neutral, neither overbought nor oversold. The STOCH value of 90.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CUE.
Cue Energy Resources Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$80.86M | 11.35 | 12.05% | 13.04% | 12.55% | -25.19% | |
67 Neutral | AU$78.38M | 9.81 | 2.32% | 6.72% | 30.05% | 614.71% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | AU$18.91M | -50.00 | -6.67% | ― | ― | -283.33% | |
48 Neutral | AU$103.14M | -16.57 | -4.12% | ― | ― | -20.69% | |
47 Neutral | AU$53.77M | -12.07 | -5.81% | ― | ― | 34.09% | |
43 Neutral | AU$91.15M | -73.53 | -13.37% | ― | ― | 33.33% |
* Energy Sector Average
AU:CUE
Cue Energy Resources Limited
0.12
<0.01
6.48%
AU:MAY
Melbana Energy Limited
0.01
-0.01
-56.52%
AU:ECH
New Zealand Oil & Gas Limited
0.35
<0.01
0.57%
AU:PCL
Pancontinental Energy NL
0.01
0.00
0.00%
AU:IVZ
Invictus Energy Limited
0.06
<0.01
16.00%
AU:KKO
Kinetiko Energy Ltd.
0.04
-0.03
-43.55%
Cue Energy Resources Limited Corporate Events
Cue Energy Simplifies Capital Structure With Expiry of Over 3 Million Options
Jul 10, 2026
Cue Energy Resources Limited has notified the ASX of the cessation of several classes of listed options, effective June 30, 2026. The expired securities include options with various exercise prices and maturities, resulting in the removal of more ...
Cue Energy installs new chair as Horizon-led board refresh takes shape
Jul 6, 2026
Cue Energy Resources has appointed veteran oil and gas executive Bruce Clement as Chair of its Board of Directors, following Horizon Oil Limited’s acquisition of a 57.03% stake and subsequent board renewal. Clement brings more than 40 years ...
Echelon Exits Cue Stake, Becomes Major Horizon Oil Shareholder
Jul 3, 2026
Echelon Resources Limited has completed the divestment of its entire shareholding in Cue Energy Resources following Horizon Oil’s off-market takeover of Cue. The transaction has converted Echelon’s long-term investment in Cue into cash...
Cue Energy Adds New Director Bruce Clement With No Current Shareholding
Jul 2, 2026
Cue Energy Resources Limited has appointed Bruce Frederick William Clement as a director, effective 2 July 2026, as disclosed in an Initial Director’s Interest Notice lodged with the ASX under listing rule 3.19A.1. The filing confirms that C...
Director Andrew Jefferies exits Cue Energy as Horizon Oil takeover completes
Jul 2, 2026
Cue Energy Resources Limited has disclosed that director Andrew William Jefferies ceased to be a director on 2 July 2026 and no longer holds any relevant interest in the company’s securities. Jefferies accepted Horizon Oil Limited’s of...
Cue Energy reshapes board after Horizon Oil takes majority stake
Jul 2, 2026
Cue Energy Resources has entered a new phase after Horizon Oil Limited completed the acquisition of a 57.03% controlling stake, prompting a major refresh of its board. Several long-serving directors have resigned and been replaced by senior Horizo...
Cue Energy Seeks ASX Quotation for Additional Ordinary Shares
Jun 30, 2026
Cue Energy Resources Limited has applied for the quotation of 309,255 new ordinary fully paid shares on the ASX, following the issue of these securities on 26 June 2026. The application indicates that the additional shares arise from the exercise ...
Cue Energy Issues New Shares Under Option Scheme and Confirms Regulatory Compliance
Jun 30, 2026
Cue Energy Resources Limited has issued 309,255 fully paid ordinary shares following the cashless exercise of options granted under its Share Option Scheme Rules. These new shares were issued without a prospectus or other disclosure document under...
Echelon Bolsters Balance Sheet with A$15.7m Cue Share Sale to Horizon Oil
Jun 26, 2026
Echelon Resources Limited has completed settlement of the sale of 139,885,879 shares in Cue Energy Resources Limited to Horizon Oil, receiving approximately A$15.7 million in cash proceeds. The company plans to use most of the funds to repay exist...
Horizon Secures Majority Stake in Cue Energy After Takeover Offer
Jun 26, 2026
Horizon Oil Limited has completed the acquisition of Echelon Offshore Limited’s 139,885,879 shares in Cue Energy Resources Limited, representing about 19.9 percent of Cue’s issued capital. This transaction forms part of Horizon’s...
Cue Energy seeks ASX quotation for 924,074 new ordinary shares
Jun 18, 2026
Cue Energy Resources Limited, an ASX-listed energy company, operates in the oil and gas sector and raises capital through ordinary fully paid shares. Its activities are governed by the ASX Listing Rules, reflecting its role as a publicly traded pa...
Cue Energy Issues New Shares Via Cashless Option Exercise
Jun 18, 2026
Cue Energy Resources Limited has issued 924,074 fully paid ordinary shares through the cashless exercise of options granted under its Share Option Scheme Rules. These shares were issued without a prospectus under specific provisions of the Corpora...
Horizon Oil Declares Cue Energy Takeover Unconditional and Speeds Up Payout
Jun 17, 2026
Horizon Oil Limited has declared its off-market takeover bid for all remaining shares in Cue Energy Resources Limited unconditional, removing the final condition related to prescribed occurrences. The offer is scheduled to close at 7:00 p.m. Sydne...
Cue board urges shareholders to reject Horizon’s best-and-final takeover bid
Jun 10, 2026
Cue Energy’s independent board committee has reaffirmed its unanimous recommendation that shareholders reject Horizon Oil’s unsolicited off-market takeover offer and take no action on Horizon’s documentation. The committee mainta...
Horizon Oil Declares Cue Takeover Bid Best and Final After Passing 52% Stake
Jun 9, 2026
Horizon Oil Limited has lifted its stake in Cue Energy Resources Limited to 52.21% of the company’s issued shares, surpassing the 50.1% minimum acceptance condition for its off‑market takeover bid. The offer has cleared all key regulat...
Horizon Oil Extends Cue Energy Takeover Offer After Clearing Regulatory Hurdles
May 29, 2026
Horizon Oil Limited has moved a step closer to taking control of Cue Energy Resources after receiving key regulatory approvals under New Zealand Crown Minerals and the Northern Territory Petroleum Act, which removes the remaining regulatory condit...
Horizon Clears Key Regulatory Hurdle in Takeover Bid for Cue Energy
May 29, 2026
Horizon Oil Limited has confirmed that a key regulatory condition tied to its off-market takeover bid for Cue Energy Resources has been satisfied. The condition related to obtaining the necessary ministerial consent or approval under Northern Terr...
Horizon Oil Clears Key New Zealand Condition in Cue Energy Takeover Bid
May 26, 2026
Horizon Oil Limited has launched an off-market takeover bid for all Cue Energy Resources shares it does not already own, formalised through a replacement bidder’s statement and subsequent supplementary disclosures. The New Zealand consent re...
Cue Energy Seeks ASX Quotation for Additional Ordinary Shares
May 13, 2026
Cue Energy Resources Limited, an ASX-listed oil and gas exploration and production company, has applied for quotation of an additional 799,878 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued on 12 May 2...
Cue Energy Issues Shares via Option Exercise and Confirms Regulatory Compliance
May 13, 2026
Cue Energy Resources Limited has issued 799,898 fully paid ordinary shares following the cashless exercise of options granted under its employee share option scheme. The new shares were issued without a prospectus under provisions of the Corporati...
Cue Energy Seeks Quotation for Additional Ordinary Shares on ASX
Apr 29, 2026
Cue Energy Resources Limited has applied for quotation of an additional 1,358,250 ordinary fully paid shares on the ASX, issued on April 29, 2026. The modest increase in quoted securities reflects routine capital management activity and slightly e...
Cue Energy Issues New Shares on Exercise of Options, Confirms Regulatory Compliance
Apr 29, 2026
Cue Energy Resources has issued 1,358,250 fully paid ordinary shares following the exercise of unlisted options at an exercise price of $0.078 per option. The shares were issued without a prospectus under Australian securities law provisions, with...
Cue Energy locks in long-term NT gas deal as cash returns and takeover bid shape outlook
Apr 28, 2026
Cue Energy has highlighted its role as a regional upstream oil and gas producer, reporting a strong cash position of $11.5 million and half-year revenue of $25.7 million, supported by assets in Australia, Indonesia and New Zealand. The company con...
Horizon Oil Clears Key Condition in Takeover Bid for Cue Energy
Apr 14, 2026
Horizon Oil Limited has confirmed that the minimum acceptance condition for its off-market takeover bid for Cue Energy Resources Limited has been fulfilled, meaning the offer is now free of that condition. The satisfaction of this key hurdle incre...
Cue Energy Urges Rejection of Horizon Bid as New NT Gas Deal Boosts Outlook
Apr 14, 2026
Cue Energy Resources has issued a supplementary target’s statement in response to Horizon Oil’s off‑market takeover bid, with its Independent Board Committee maintaining a unanimous recommendation that shareholders reject the off...
Takeovers Panel Rejects Cue Energy Challenge to Horizon Oil Bid
Apr 13, 2026
The Takeovers Panel has declined to conduct proceedings on an application by Cue Energy Resources Limited challenging aspects of Horizon Oil Limited’s off‑market takeover bid. Cue had raised concerns over a pre‑bid agreement unde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.