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Strike Energy Limited
(Sydney:STX)
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Rating:51Neutral
Price Target:
AU$0.12
▲(16.00% Upside)
Action:Reiterated
Date:09/24/26
The score is held back primarily by weak financial performance, driven by recent net losses, rising leverage, and persistently negative free cash flow with a 2026 operating cash flow deterioration. Technical indicators provide some support due to improving trend and positive momentum, but valuation remains constrained by loss-making earnings and no dividend yield data.
Positive Factors
Positive EBITDA
Positive EBITDA across the three latest reported years indicates that the operating asset base can generate earnings before depreciation, financing and other items. This provides a foundation for future profitability if Strike can control below-EBITDA costs and sustain production.
Negative Factors
Revenue Decline
The latest revenue contraction indicates that commercialisation has not yet produced a consistently expanding top line. A 13.9% decline reduces operating leverage and makes it harder to absorb fixed costs, fund development and establish durable earnings momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive EBITDA
Positive EBITDA across the three latest reported years indicates that the operating asset base can generate earnings before depreciation, financing and other items. This provides a foundation for future profitability if Strike can control below-EBITDA costs and sustain production.
Read all positive factors
Strike Energy Limited (STX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$378.66M
Dividend YieldN/A
Average Volume (3M)3.17M
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth-13.67%
EPS Growth85.97%
CountryAU
Employees24
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,606,245,000
10 Day Avg. Volume3,109,921
30 Day Avg. Volume3,169,958
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.98
Price to Sales (P/S)5.57
P/FCF Ratio-2.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.14Price Target Upside36.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$99.80M
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 primarily makes money from the commercialisation of hydrocarbons, with revenues generated when it produces and sells natural gas (and potentially other associated hydrocarbons, if produced) into energy markets under sales arrangement...
Strike Energy Limited Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
56
Neutral
Cash Flow
33
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 62.78M | 72.72M | 45.60M | 0.00 | 0.00 |
| Gross Profit | -5.34M | 3.46M | 20.55M | -1.07M | -1.16M |
| EBITDA | 11.84M | -74.08M | 24.94M | -13.45M | -10.44M |
| Net Income | -27.19M | -157.33M | 8.58M | -18.36M | -15.73M |
Balance Sheet | |||||
| Total Assets | 591.75M | 426.63M | 527.19M | 341.87M | 158.75M |
| Cash, Cash Equivalents and Short-Term Investments | 46.28M | 41.09M | 38.91M | 129.04M | 13.90M |
| Total Debt | 159.17M | 80.80M | 23.90M | 30.73M | 18.46M |
| Total Liabilities | 236.17M | 130.16M | 74.75M | 55.03M | 41.87M |
| Stockholders Equity | 355.58M | 296.47M | 452.44M | 286.85M | 116.87M |
Cash Flow | |||||
| Free Cash Flow | -144.92M | -44.39M | -77.12M | -79.66M | -62.53M |
| Operating Cash Flow | 6.35M | 42.61M | 21.59M | -12.17M | -9.19M |
| Investing Cash Flow | -162.89M | -91.79M | -98.71M | 68.24M | -63.78M |
| Financing Cash Flow | 162.71M | 53.03M | -13.17M | 59.21M | 12.25M |
Strike Energy Limited Technical Analysis
Negative
0.10
Price Trends
0.11
Negative
0.11
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
39.02
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 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.02 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$78.38M | 5.60 | 13.95% | 2.76% | -45.07% | 297.79% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | AU$378.66M | -13.96 | -7.49% | ― | -13.67% | 85.97% | |
48 Neutral | AU$42.91M | -8.48 | -13.43% | ― | 2.57% | -163.46% | |
47 Neutral | AU$178.91M | -43.75 | -1.58% | ― | ― | -220.00% | |
43 Neutral | AU$369.47M | -16.21 | -9.91% | ― | ― | 28.92% | |
43 Neutral | AU$144.14M | -15.81 | -31.46% | ― | ― | 12.12% |
* Energy Sector Average
AU:STX
Strike Energy Limited
0.11
0.00
0.00%
AU:CVN
Carnarvon Energy Limited
0.11
<0.01
7.14%
AU:BTL
Empire Energy Group Limited
0.24
-0.13
-34.25%
AU:ECH
New Zealand Oil & Gas Limited
0.35
>-0.01
-0.29%
AU:CTP
Central Petroleum Limited
0.06
>-0.01
-13.85%
AU:JGH
Jade Gas Holdings Limited
0.07
0.03
70.00%
Strike Energy Limited Corporate Events
Strike Energy Seeks ASX Quotation for New Employee Plan Shares
Sep 24, 2026
Strike Energy Limited has applied for the quotation of 6,848,226 new ordinary fully paid shares on the ASX, to be issued on 24 September 2026. The securities have been granted under the company’s Employee Share Incentive Plan, previously app...
Strike Energy Releases 2026 Annual Report and Governance Update
Sep 22, 2026
Strike Energy Limited has released its 2026 Annual Report, outlining the company’s operations, activities and financial position for the year ended 30 June 2026. The report, available electronically on the company’s website along with ...
Strike Energy lifts Perth Basin reserves and funding as FY26 results mark new growth phase
Sep 22, 2026
Strike Energy has reported its FY26 results as it advances a multi-asset growth strategy in the Perth Basin, with gas production, condensate sales and an 85 MW peaking power project forming the core of its emerging integrated gas and power portfol...
Strike Energy Details 2026 Governance Compliance and Diversity Gains
Sep 22, 2026
Strike Energy Limited has released its 2026 corporate governance statement, confirming that it has largely complied with the ASX Corporate Governance Council’s principles for the year to 30 June 2026. The board has formalised roles for direc...
Strike Energy Sets 2026 AGM Date and Opens Director Nomination Window
Sep 22, 2026
Strike Energy Limited has scheduled its 2026 annual general meeting of shareholders for 11:00 a.m. AWST on 17 November 2026 at The Celtic Club in West Perth, with detailed participation instructions to be circulated in October. The company has als...
Strike Energy sets sights on WA’s next major gas development
Sep 15, 2026
Strike Energy Limited has outlined its ambitions to deliver Western Australia’s next major gas development, highlighting its role as a growing ASX-listed producer targeting the local energy market. The presentation underlines the importance ...
Strike Energy Issues Risk-Focused Investor Presentation Disclaimer
Aug 31, 2026
Strike Energy Limited has released a presentation outlining summary information on its operations and activities, noting that the material is general in nature and not exhaustive for investment evaluation. The company emphasises that the document ...
Strike Energy Secures West Erregulla Processing Deal and Funding Boost
Aug 30, 2026
Strike Energy has secured a key commercial and operational breakthrough for its West Erregulla gas project, selecting Hancock Energy’s proposed Belisama gas processing facility as the preferred route for its share of gas and agreeing a fixed...
Strike Energy advances Erregulla and Walyering assets ahead of FY27
Jul 30, 2026
Strike Energy reported strong operational progress in the fourth quarter of FY26, highlighted by mechanical completion of the South Erregulla Power Station and advanced grid connection works by Western Power. Safety performance remained robust wit...
Strike Energy Cuts Future Dilution as Performance Rights Lapse
Jul 15, 2026
Strike Energy Limited has notified the market of the lapse of 3,422,509 performance rights, which ceased because the conditions attached to these rights were not met or became incapable of being satisfied. The cessation reduces the company’s...
Strike Energy Discloses John Poynton’s Exit and Share Security Arrangements
Jun 30, 2026
Strike Energy Limited has announced that non-executive director John Poynton ceased to be a director of the company on 30 June 2026. The disclosure details his indirect holdings of fully paid ordinary shares via Mulloway Pty Ltd and HSBC Custody N...
Strike Energy Discloses Share Interests as Director Mary Hackett Steps Down
Jun 30, 2026
Strike Energy Limited has reported the cessation of Mary Hackett as a director effective 30 June 2026, in line with ASX listing rule disclosure requirements. Hackett holds no shares directly, but is associated with 828,389 fully paid ordinary shar...
Strike Energy hits South Erregulla commissioning milestone and announces CFO transition
Jun 29, 2026
Strike Energy has completed commissioning of all 20 gas-fired generating units at its 85 MW South Erregulla Power Project, a key milestone that allows the upstream gas production facility and power station to be placed in care and maintenance whil...
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.