Strike Energy Limited (AU:STX)
ASX:STX
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Strike Energy Limited
(Sydney:STX)
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Rating:51Neutral
Price Target:
AU$0.11
â–Ľ(-11.67% Downside)
Action:Reiterated
Date:05/13/26
The score is held back primarily by weak financial performance (steep revenue decline, deeply negative margins, and negative/declining free cash flow) despite a relatively manageable leverage profile. Technicals provide a partial offset with an established uptrend and positive momentum, while valuation is constrained by loss-making fundamentals (negative P/E) and no dividend support.
Positive Factors
Manageable leverage and strong equity base
A debt-to-equity of 0.27 and a 69.47% equity ratio indicate conservative leverage and a sizeable equity cushion. This balance-sheet posture provides financial flexibility to fund field development, absorb commodity volatility, and avoid immediate forced financing over the coming months.
Negative Factors
Steep revenue decline
A roughly 77% revenue drop signals significant production, sales or contract disruption that materially reduces scale and operating leverage. Over months this undermines ability to cover fixed costs, fund development, and maintain commercial contracts without corrective operational or financing actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage and strong equity base
A debt-to-equity of 0.27 and a 69.47% equity ratio indicate conservative leverage and a sizeable equity cushion. This balance-sheet posture provides financial flexibility to fund field development, absorb commodity volatility, and avoid immediate forced financing over the coming months.
Read all positive factors
Strike Energy Limited (STX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$377.94M
Dividend YieldN/A
Average Volume (3M)3.41M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth-0.51%
EPS Growth-756.45%
CountryAU
Employees24
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.05
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$0.12Price Target Upside2.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$67.06M
Strike Energy Limited Business Overview & Revenue Model
Company Description
Strike Energy Limited, an Australian firm, is actively engaged in the exploration and development of petroleum and natural gas reserves. Its core operational efforts are concentrated within the Perth Basin, where it oversees prominent ventures inc...
How the Company Makes Money
Strike Energy makes money primarily by selling hydrocarbons produced from its operated and/or non-operated upstream oil and gas assets. Key revenue streams typically include: (1) natural gas sales into domestic markets under gas sales agreements (...
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
0.12
Price Trends
0.12
Negative
0.11
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
39.57
Neutral
-16.67
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 0.12 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 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.57 is Neutral, neither overbought nor oversold. The STOCH value of -16.67 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$341.79M | 29.10 | 14.04% | 14.63% | -4.78% | -42.11% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$187.85M | -105.69 | -0.67% | ― | ― | -149.12% | |
51 Neutral | AU$377.94M | -2.32 | -46.22% | ― | -0.51% | -756.45% | |
49 Neutral | AU$391.73M | -12.99 | -14.19% | ― | ― | 25.55% | |
47 Neutral | AU$155.54M | -46.00 | -4.27% | ― | ― | -16.67% | |
47 Neutral | AU$1.74B | -12.82 | -18.28% | ― | ― | ― |
* Energy Sector Average
AU:STX
Strike Energy Limited
0.11
-0.05
-32.26%
AU:COI
Comet Ridge Ltd
0.13
-0.01
-10.34%
AU:CVN
Carnarvon Energy Limited
0.11
-0.02
-12.50%
AU:BTL
Empire Energy Group Limited
0.26
0.07
36.84%
AU:HZN
Horizon Oil Limited
0.21
0.04
22.81%
AU:TBN
Tamboran Resources Limited
0.26
0.07
40.88%
Strike Energy Limited Corporate Events
Strike Energy Advances Walyering West Testing and Shuts Field for Compression Upgrade
Jun 8, 2026
Strike Energy has begun flow testing at its Walyering West-1 exploration well in Production Licence L23 in the Perth Basin, with initial operations successfully bringing hydrocarbons to surface from the C1 sand. The testing program, which will ass...
Strike Energy Appoints New Director with Performance-Based Equity Package
Jun 1, 2026
Strike Energy Limited has appointed Shelley Robertson as a director effective 1 June 2026, with disclosures lodged to the ASX under the initial director’s interest requirements. At the time of appointment, Robertson holds no shares or other ...
Strike Energy Director Cuts Indirect Stake in On-Market Share Sale
May 25, 2026
Strike Energy Limited has disclosed a change in director John Poynton’s indirect shareholding, following an on-market trade executed via Mulloway Pty Ltd, an entity through which he holds beneficial interests. Poynton disposed of 4,340,047 f...
Strike Energy Confirms Board Exit of Director Peter Stokes
May 11, 2026
Strike Energy has disclosed that Peter Stokes ceased to be a director of the company on 8 May 2026, in a final director’s interest notice lodged with the ASX. The filing confirms that Stokes held no relevant interests in Strike Energy securi...
Strike Energy Cuts Future Dilution as Millions of Performance Rights Lapse
May 11, 2026
Strike Energy Limited has reported the lapse of 7,860,661 performance rights under the ASX code STXAI, following the failure or incapacity to meet the conditions attached to these rights. The cessation of these conditional securities reduces the c...
Strike Energy overhauls leadership with new CEO and leaner board
May 10, 2026
Strike Energy has announced the immediate resignation of CEO and Managing Director Peter Stokes and the appointment of seasoned resources executive Shelley Robertson to the role, effective 1 June 2026. Robertson, who brings more than three decades...
Strike Energy Confirms New Gas Discovery at Walyering West-1 in Perth Basin
Apr 30, 2026
Strike Energy has reported a successful outcome at its Walyering West-1 well in the Perth Basin, confirming a new conventional gas accumulation in the Walyering West prospect. Drilled to a total depth of 3,650 metres, the well intersected multiple...
Strike Energy lifts reserves and advances South Erregulla power project
Apr 30, 2026
Strike Energy reported steady operational progress in the March quarter, with its 85 MW South Erregulla peaking gas power project reaching 86% completion and still targeting an October 2026 start-up. The company highlighted a strong safety record ...
Strike Energy Advances Walyering West-1 Drilling to Test Key Perth Basin Gas Target
Apr 22, 2026
Strike Energy has reported operational progress at its Walyering West-1 near-field exploration well in the Perth Basin, where the intermediate hole has reached total depth of 2,596 metres and been successfully cased. The rig is now drilling ahead ...
Strike Energy Starts Drilling Walyering West-1 Near-Field Gas Well
Apr 15, 2026
Strike Energy has begun drilling the Walyering West-1 near-field exploration well in the Perth Basin, using the Ensign 970 rig and reaching a depth of 1,006 metres measured depth as operations progress on schedule. The well, located about three ki...
Strike Energy Director’s Options Expire, Equity Holdings Updated
Apr 9, 2026
Strike Energy Limited has reported a change in the securities held by director Jillian Hoffmann, following the expiry of 5,000,000 unlisted options without exercise. As a result, Hoffmann no longer holds these options directly but retains an indir...
Strike Energy Options Lapse, Trimming Potential Future Dilution
Apr 9, 2026
Strike Energy Limited has announced the cessation of 5,000,000 options with an exercise price of $0.60 that expired on 1 April 2026. The lapse of these unexercised options slightly reduces the company’s pool of potential dilutive securities,...
Strike Energy outlines risk-focused investor guidance at gas conference
Apr 1, 2026
Strike Energy Limited has released a presentation prepared for the Australian Domestic Gas Outlook Conference held on 1 April 2026, outlining high-level information about its business and activities. The document emphasizes that the material is ge...
Strike Energy Appoints Joint Company Secretary to Bolster Governance
Mar 25, 2026
Strike Energy Limited has appointed Michaela Stanton-Cook as Joint Company Secretary, effective immediately, adding to its senior governance capabilities. She will share responsibility for company secretarial duties with Chief Financial Officer an...
Strike Energy Director Neville Power Increases Indirect Shareholding via Off‑Market Transfer
Mar 25, 2026
Strike Energy has disclosed a change in the relevant interests of director Neville Power, following an off‑market transfer of fully paid ordinary shares by a closely related party. The transaction increased Mr Power’s indirect holding ...
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...
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.