Strike Energy Future Growth

Future criteria checks 5/6

Strike Energy is forecast to grow earnings and revenue by 37.5% and 32.1% per annum respectively. EPS is expected to grow by 39.8% per annum. Return on equity is forecast to be 11.7% in 3 years.

Key information

37.5%

Earnings growth rate

39.8%

EPS growth rate

Oil and Gas earnings growth	7.3%
Revenue growth rate	32.1%
Future return on equity	11.7%
Analyst coverage	Good
Last updated	31 Oct 2024

Recent future growth updates

Recent updates

Strike Energy Limited's (ASX:STX) Intrinsic Value Is Potentially 37% Above Its Share Price

Aug 18

Strike Energy Limited (ASX:STX) Shares Could Be 28% Above Their Intrinsic Value Estimate

Apr 21

A Look At The Intrinsic Value Of Strike Energy Limited (ASX:STX)

Jan 06

Is Strike Energy (ASX:STX) A Risky Investment?

Jun 16

Is Strike Energy (ASX:STX) Using Too Much Debt?

Mar 02

Earnings and Revenue Growth Forecasts

ASX:STX - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	198	65	65	111	7
6/30/2026	109	23	-65	49	7
6/30/2025	89	24	-39	36	7
6/30/2024	46	9	-77	22	N/A
3/31/2024	27	5	-82	5	N/A
12/31/2023	8	2	-86	-12	N/A
9/30/2023	4	-8	-83	-12	N/A
6/30/2023	N/A	-18	-80	-12	N/A
3/31/2023	N/A	-18	-84	-10	N/A
12/31/2022	N/A	-18	-89	-8	N/A
9/30/2022	N/A	-17	-76	-8	N/A
6/30/2022	N/A	-16	-63	-9	N/A
3/31/2022	N/A	-16	-52	-9	N/A
12/31/2021	N/A	-16	-41	-9	N/A
9/30/2021	N/A	-5	-35	-3	N/A
6/30/2021	N/A	7	-29	3	N/A
3/31/2021	N/A	-36	-20	4	N/A
12/31/2020	N/A	-79	-12	5	N/A
9/30/2020	N/A	-88	-16	1	N/A
6/30/2020	N/A	-97	-20	-3	N/A
3/31/2020	N/A	-51	-22	-3	N/A
12/31/2019	N/A	-5	-25	-2	N/A
9/30/2019	N/A	-4	-21	-2	N/A
6/30/2019	N/A	-3	-18	-2	N/A
3/31/2019	N/A	-2	-18	-2	N/A
12/31/2018	N/A	-1	-18	-1	N/A
9/30/2018	N/A	0	-16	1	N/A
6/30/2018	N/A	2	-13	2	N/A
12/31/2017	N/A	2	N/A	2	N/A
9/30/2017	N/A	3	N/A	3	N/A
6/30/2017	N/A	4	N/A	3	N/A
12/31/2016	-1	5	N/A	3	N/A
9/30/2016	0	5	N/A	4	N/A
6/30/2016	N/A	5	N/A	5	N/A
3/31/2016	2	3	N/A	9	N/A
12/31/2015	2	2	N/A	14	N/A
9/30/2015	2	-4	N/A	14	N/A
6/30/2015	3	-10	N/A	13	N/A
3/31/2015	3	-14	N/A	10	N/A
12/31/2014	4	-18	N/A	6	N/A
9/30/2014	4	-22	N/A	3	N/A
6/30/2014	4	-26	N/A	0	N/A
3/31/2014	4	-26	N/A	-1	N/A
12/31/2013	5	-25	N/A	-1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STX's forecast earnings growth (37.5% per year) is above the savings rate (2.4%).

Earnings vs Market: STX's earnings (37.5% per year) are forecast to grow faster than the Australian market (12.4% per year).

High Growth Earnings: STX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: STX's revenue (32.1% per year) is forecast to grow faster than the Australian market (5.6% per year).

High Growth Revenue: STX's revenue (32.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: STX's Return on Equity is forecast to be low in 3 years time (11.7%).

Strike Energy Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 31%

Price target decreased by 8.1% to AU$0.47

Price target increased by 13% to AU$0.52

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 75%

Price target increased to AU$0.44

Recent updates

Consensus EPS estimates fall by 31%

Strike Energy (ASX:STX) Has A Somewhat Strained Balance Sheet

Strike Energy Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Share price stability

Strike Energy Limited to Report Q1, 2025 Results on Oct 24, 2024

New Zealand Oil & Gas Limited, Triangle Energy (Global) Limited and Strike Energy Limited Provides Drilling Update Booth Well in L7 Permit Perth Basin

Independent Non-Executive Director recently bought AU$53k worth of stock

Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin

Non-Executive Director recently sold AU$284k worth of stock

Is Strike Energy (ASX:STX) A Risky Investment?

New minor risk - Share price stability

Non-Independent Non-Executive Chairman recently bought AU$76k worth of stock

Price target decreased by 8.1% to AU$0.47

New major risk - Financial position

Strike Energy Limited to Report Q2, 2024 Results on Jan 29, 2024

Strike Energy Limited to Report Q2, 2024 Results on Jan 29, 2024

Is Strike Energy (ASX:STX) Using Too Much Debt?

Strike Energy Limited Confirms Continuity of South Erregulla Gas Field

Strike Energy Reportedly Out of Race for Oil, Gas Assets

Strike Energy Reportedly Out of Race for Oil, Gas Assets

MD, CEO & Executive Director recently sold AU$552k worth of stock

Strike Energy Limited, Annual General Meeting, Nov 23, 2023

Strike Energy Limited's (ASX:STX) Intrinsic Value Is Potentially 37% Above Its Share Price

New major risk - Financial position

Price target increased by 13% to AU$0.52

Less than half of directors are independent

Strike Energy Limited Provides Update on Eneabba Deep

Strike Energy Limited (ASX:STX) Shares Could Be 28% Above Their Intrinsic Value Estimate

Consensus EPS estimates fall by 11%

A Look At The Intrinsic Value Of Strike Energy Limited (ASX:STX)

Strike Energy Limited Provides Erregulla Domestic Gas Strategy Update

Consensus EPS estimates fall by 75%

Strike Energy Limited Updates on the Forward Drilling Activities At the Broader West Erregulla Gas Field on Behalf of the Ep469 JV

Price target increased to AU$0.44

Strike Energy Limited (ASX:STX) acquired an additional 12.27% stake in Warrego Energy Limited (ASX:WGO) for AUD 50.85 million.

Hancock Energy (PB) Pty Ltd offered to acquire Warrego Energy Limited (ASX:WGO) from the group of shareholders for approximately AUD 280 million.

Hancock Energy (PB) Pty Ltd offered to acquire Warrego Energy Limited (ASX:WGO) from the group of shareholders for approximately AUD 280 million.

Consensus revenue estimates increase by 31%

Strike Energy Limited Identifies Significant Extension of Perth Basin Permian Trend

Strike Energy Limited Announces Independent Certification of South Erregulla Wagina Discovery

Strike Energy Limited Announces Independent Certification of Ocean Hill Gas Resource

Strike Energy Limited, Annual General Meeting, Nov 24, 2022

Strike Energy Limited Provides South Erregulla Update

Strike Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.

Strike Energy Limited Provides an Update on the Development Activities At the Company's 100% Owned Mid West Low Carbon Manufacturing Precinct

Strike Energy Limited Provides South Erregulla Update

Strike Energy Provides the Final Results of the Flow Testing Activities At WE3 from the West Erregulla Gas Field on Behalf of the EP469 JV

Strike Energy Limited Provides an Interim Update on the Flow Testing Activities at WE3 in the West Erregulla Gas Field

Strike Energy Limited Provides an Update on the Flow Testing Activities At We3

Non-Executive Director exercised options to buy AU$1.5m worth of stock.

Strike Energy Limited Announces Successful Walyering-6 Flow Test

Independent Non-Executive Chairman exercised options to buy AU$1.4m worth of stock.

Strike Energy Limited Provides Update on Results for WE3 At the West Erregulla Gas Field

Strike Energy Limited Provides West Erregulla Update

Strike Energy Limited and Warrego Energy Provide Update on the Appraisal Drilling Activities At the West Erregulla Gas Field

Is Strike Energy (ASX:STX) A Risky Investment?

Non-Executive Director exercised options to buy AU$1.5m worth of stock.

Strike Energy Limited Launches Mid West Low Carbon Manufacturing Precinct

Strike Energy Limited Provides Update on the Production Testing Activities and Operations At 100% Owned South Erregulla Gas Discovery in EP503

Strike Energy Limited Provides West Erregulla Update

Price target increased to AU$0.42

Strike Energy Limited Provides South Erregulla Update

Less than half of directors are independent

Strike Energy Limited Provides an Interim Update on the Testing and Development Activities At the Walyering Gas Field

Strike Energy Limited Provides Walyering Update

Key Executive recently bought AU$1.2m worth of stock

Strike Energy Limited Provides South Erregulla Update

Is Strike Energy (ASX:STX) Using Too Much Debt?

Strike Energy Limited Provides an Update on the Drilling Operations At South Erregulla Target in EP503