Strike Energy Limited (AU:STX)
ASX:STX
Top Page
Strike Energy Limited
(Sydney:STX)
Select Model
Select Model
Rating:48Neutral
Price Target:
AU$0.10
▼(-3.00% Downside)
Action:ReiteratedDate:03/10/26
The score is primarily held back by weak financial performance (large revenue decline, deep losses, and negative/declining free cash flow). Technicals provide some support with the price above major moving averages, but overbought signals and a slightly negative MACD add near-term risk. Valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
Conservative leverage and strong equity base
A low debt-to-equity ratio (0.27) and a high equity ratio (69.47%) provide durable financial flexibility for capital-intensive upstream projects, lowering refinancing risk and supporting funding of development or JV activity without excessive leverage, important across 2-6 months.
Negative Factors
Severe revenue contraction
A ~77% drop in revenue is a structurally significant decline that undermines fixed-cost coverage, weakens bargaining power with service providers and offtakers, and prolongs payback on development projects. Recovery typically requires sustained production increases or asset/income diversification.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage and strong equity base
A low debt-to-equity ratio (0.27) and a high equity ratio (69.47%) provide durable financial flexibility for capital-intensive upstream projects, lowering refinancing risk and supporting funding of development or JV activity without excessive leverage, important across 2-6 months.
Read all positive factors
Strike Energy Limited (STX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$352.74M
Dividend YieldN/A
Average Volume (3M)3.41M
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth59.48%
EPS Growth-1714.71%
CountryAU
Employees24
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,599,397,000
10 Day Avg. Volume4,740,487
30 Day Avg. Volume3,410,998
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.45
Price to Sales (P/S)5.91
P/FCF Ratio-9.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.13Price Target Upside30.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$64.58M
Strike Energy Limited Business Overview & Revenue Model
Company Description
Strike Energy Limited explores for and develops oil and gas resources in Australia. The company primarily focuses on the Project Haber, Ocean Hill, Perth Basin Geothermal, Walyering, West, and South Erregulla projects located in the Perth Basin. S...
How the Company Makes Money
Strike Energy makes money primarily by commercialising hydrocarbons (principally natural gas, and potentially condensate/other associated liquids where present) from its petroleum assets. Revenue is generated when produced volumes are sold under g...
Strike Energy Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.91M | 72.72M | 45.60M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -619.00K | 3.46M | 20.55M | -1.07M | -1.16M | -324.00K |
| EBITDA | 64.83M | 43.53M | 9.17M | -13.45M | -10.44M | -81.00K |
| Net Income | -154.11M | -157.33M | 8.58M | -18.36M | -15.73M | 6.78M |
Balance Sheet | ||||||
| Total Assets | 541.91M | 426.63M | 527.19M | 341.87M | 158.75M | 164.08M |
| Cash, Cash Equivalents and Short-Term Investments | 69.48M | 41.09M | 38.91M | 129.04M | 13.90M | 74.72M |
| Total Debt | 110.44M | 80.80M | 23.90M | 30.73M | 18.46M | 6.05M |
| Total Liabilities | 171.52M | 130.16M | 74.75M | 55.03M | 41.87M | 25.96M |
| Stockholders Equity | 370.39M | 296.47M | 452.44M | 286.85M | 116.87M | 138.13M |
Cash Flow | ||||||
| Free Cash Flow | -98.44M | -44.39M | -77.12M | -79.66M | -62.53M | -28.82M |
| Operating Cash Flow | 26.84M | 42.61M | 21.59M | -12.17M | -9.19M | 2.98M |
| Investing Cash Flow | -128.46M | -91.79M | -98.71M | 68.24M | -63.78M | -41.92M |
| Financing Cash Flow | 140.56M | 53.03M | -13.17M | 59.21M | 12.25M | 92.07M |
Strike Energy Limited Technical Analysis
Negative
0.10
Price Trends
0.11
Negative
0.11
Negative
0.12
Negative
Market Momentum
>-0.01
Positive
40.55
Neutral
11.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:STX, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.11, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.55 is Neutral, neither overbought nor oversold. The STOCH value of 11.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:STX.
Strike Energy Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$423.17M | 23.18 | 17.50% | 14.63% | -4.57% | -52.65% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | AU$161.52M | -19.23 | -4.74% | ― | ― | 70.00% | |
49 Neutral | AU$161.02M | -21.28 | -0.67% | ― | ― | ― | |
49 Neutral | $304.80M | -6.11 | -14.19% | ― | ― | ― | |
49 Neutral | AU$1.01B | -30.28 | -21.66% | ― | ― | ― | |
48 Neutral | AU$352.74M | -7.29 | -46.22% | ― | 59.48% | -1714.71% |
* Energy Sector Average
AU:STX
Strike Energy Limited
0.10
-0.09
-48.11%
AU:COI
Comet Ridge Ltd
0.14
<0.01
3.85%
AU:CVN
Carnarvon Energy Limited
0.09
-0.03
-25.83%
AU:BTL
Empire Energy Group Limited
0.24
0.04
20.51%
AU:HZN
Horizon Oil Limited
0.27
0.08
43.24%
AU:TBN
Tamboran Resources Limited
0.22
0.04
22.22%
Strike Energy Limited Corporate Events
Strike Energy outlines investment risks and limitations in conference presentation
Mar 18, 2026
Strike Energy Limited has released a presentation for the Euroz Hartleys Rottnest Conference, outlining summary information about the company, its subsidiaries and activities as at 19 March 2026. The document emphasises that the material is genera...
Strike Energy lifts West Erregulla gas reserves after new seismic and drilling data
Mar 17, 2026
Strike Energy has updated its reserves and resources estimate across the West Erregulla and Erregulla Deep areas in Western Australia, following new data from the Erregulla Deep-1 well and the Natta 3D seismic survey. The independently audited rev...
Strike Energy advances South Erregulla power project as WA capacity prices rise
Mar 15, 2026
Strike Energy has highlighted material progress on its 85 MW South Erregulla Peaking Power Plant in the Perth Basin, reporting that construction is 82% complete, procurement is 96% complete, and a 15 km overhead power line linking the plant to the...
Strike Energy Director Adjusts Custodial Structure of Shareholding
Mar 11, 2026
Strike Energy director John Poynton has reported a change in his indirect interest in the company’s shares, held through Mulloway Pty Ltd and custodian HSBC Custody Nominees. The total number of fully paid ordinary shares under his indirect ...
S&P Dow Jones Unveils March 2026 S&P/ASX Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of the SP/ASX equity benchmarks, reshuffling constituents across the SP/ASX 20, 50, 100, 200 and 300 indices. The changes, driven by shifts in market capitalisation and liquidit...
Strike Energy Lifts Cash Generation as South Erregulla Power Project Nears Completion
Feb 25, 2026
Strike Energy reported FY2026 half-year sales revenue of $36 million from 3.8 petajoules equivalent of gas and condensate, delivering underlying EBITDA of $14 million and a narrowed post-tax loss of $12.3 million amid continued low production cost...
Strike Energy Releases Interim Financial Report for Half-Year to 31 December 2025
Feb 25, 2026
Strike Energy Limited has released its interim financial report for the half-year ended 31 December 2025, providing investors with an overview of its financial performance, position and cash flows over the period. The report consolidates profit or...
Strike Energy Sets Date and Webinar for 1H FY26 Results
Feb 25, 2026
Strike Energy Limited will publish its financial results for the first half of fiscal year 2026 on 26 February 2026, with senior executives hosting a results webinar later that day. The session, led by the CEO and CFO and followed by a QA, will be...
Strike Energy trims potential dilution as performance rights lapse
Feb 24, 2026
Strike Energy Limited has reported a change in its capital structure following the lapse of 1,405,752 performance rights, identified on the ASX as STXAI. These rights ceased on 19 February 2026 after the conditions attached to them were not met or...
Strike Energy Sees Higher WA Capacity Benchmark Bolstering South Erregulla Gas Project
Feb 2, 2026
Strike Energy has highlighted a draft determination by Western Australia’s Economic Regulation Authority proposing a Benchmark Reserve Capacity Price of $491,700 per megawatt per year for the 2028/29 capacity year, a 36% uplift on the curren...
Strike Energy Advances South Erregulla Power Project as Walyering Strategy Balances Output and Revenue
Jan 29, 2026
Strike Energy reported continued operational progress in the December quarter, with its South Erregulla 85 MW Peaking Gas Power Project 72% complete and on schedule for targeted completion in October 2026, underpinned by strong safety performance ...
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.