Horizon Oil Limited (HOJ) AI Stock Analysis

Horizon Oil Limited

(Frankfurt:HOJ)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Production and reserve growthRecord output and reserve replacement strengthen the production base and extend asset life. Reserve growth exceeding annual production supports future volumes, while the five-country, nine-asset platform provides multiple development avenues.

Negative Factors

Revenue and margin deteriorationThe weaker top line and compressed margins show that profitability remains exposed to commodity prices, production mix and cost conditions. Lower operating leverage could limit earnings growth even if production volumes continue rising.

Horizon Oil Limited (HOJ) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 267.44M
Dividend Yield: 8.44%
Average Volume (3M): 20.77K
Price to Earnings (P/E): 23.3
Beta (1Y): -0.03
Revenue Growth: -25.52%
EPS Growth: -18.84%
Country: Germany
Employees: 17
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Exploration & Production

Horizon Oil Limited Business Overview & Revenue Model

Company Description

Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in China, New Zealand, Australia, and Thailand. It also involved in the exploration and evaluation of hydrocarbons....

Horizon Oil Limited Earnings Call Summary

Earnings Call Date:Aug 25, 2026(Q4-2026)|% Change Since:-4.03%|Next Earnings Date:Feb 23, 2027

Earnings Call SentimentPositive

The call communicated a strong operational and financial year driven by record production, meaningful reserve and resource growth, successful integration of acquisitions (Thailand and Cue) and solid cash generation while maintaining low operating costs. Management emphasized diversification, capital discipline, and a pipeline of accretive, infrastructure-led projects across multiple jurisdictions. Near-term challenges include timing-related deferred liftings, a mix-driven reduction in realized unit price, significant non-cash amortization that weighed on statutory profit, and elevated near-term capital commitments (which influenced a moderated final dividend). On balance, the business shows strengthened scale, multiple growth options, sustained cash generation and manageable net debt, outweighing the near-term capital and accounting headwinds.

Positive Updates

Record Production and Sales

FY'26 net production reached a record 2.15 million barrels of oil equivalent (boe) and record sales of 1.98 million boe. Production was up 33% year-on-year and sales were up 22% versus the comparative period.

Negative Updates

Timing of Liftings and Deferred Revenue

Approximately 130,000 barrels of crude oil inventory were on hand at June 30 due to lifting timing; these were sold early in FY'27 and generated over USD 10 million of additional revenue, indicating FY'26 results were affected by timing rather than volume weakness.

Company Guidance

Horizon’s guidance is to maximize cash flow, selectively reinvest and continue shareholder returns: FY‑26 delivered record production of 2.15 million boe and sales of 1.98 million boe, underlying revenue USD 107.2m, EBITDAX USD 56.4m, operating cash flow USD 47.2m (+32% y/y), free cash flow USD 36.6m, ending cash USD 37.4m and modest net debt USD 11.3m after USD 33.1m returned to shareholders (dividends declared AUD 0.025/share; interim AUD 0.015, final AUD 0.01). Near‑term guidance targets sustaining and growing output from a 5‑country, 9‑asset platform with current group production ~7,300 boe/d (Thailand ~2,100 boe/d; China Block 22/12 ~2,000 boe/d net), net 2P reserves 13.6m bbl and 2C resources 19.8m boe, low cash operating costs ~USD 21/boe (<USD 25/boe), immediate actions including Pad D tie‑in lifting Thailand >10% to >107 MMscf/d, Nam Phong booster due next month, five wells committed over six months plus ~3 development wells likely early next year, and continued disciplined capital allocation and modest gearing unless an accretive opportunity arises.

Horizon Oil Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

DE:HOJ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AU:ECH	67Neutral	AUD 72.78M	5.29	13.95%	2.97%	-45.07%	297.79%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
AU:OMA	55Neutral	AUD 450.76M	-50.30	-5.15%	―	―	-35.25%
AU:CVN	47Neutral	AUD 187.64M	-43.75	-1.58%	―	―	-220.00%
AU:STX	44Neutral	AUD 357.02M	-12.86	-7.49%	―	-13.67%	85.97%
AU:COI	39Underperform	AUD 117.53M	-18.92	-4.77%	―	―	-76.19%

* Energy Sector Average

Performance Comparison

DE:HOJ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:HOJ	Horizon Oil Limited	0.12	0.02	26.60%
AU:COI	Comet Ridge Ltd	0.07	-0.05	-44.00%
AU:CVN	Carnarvon Energy Limited	0.10	0.01	10.53%
AU:ECH	New Zealand Oil & Gas Limited	0.33	-0.04	-9.97%
AU:STX	Strike Energy Limited	0.10	-0.01	-10.00%
AU:OMA	Omega Oil & Gas Limited	0.83	0.47	130.56%

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.

Horizon Oil Limited AI Stock Analysis