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88E

88 Energy ASX:88E Stock Report

Last Price

AU$0.013

Market Cap

AU$255.7m

7D

8.3%

1Y

-74.0%

Updated

08 Feb, 2023

Data

Company Financials +

88E Stock Overview

88 Energy Limited explores for oil and gas properties in the United States.

88E fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

My Notes

New

Notes are coming soon

88 Energy Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 88 Energy
Historical stock prices
Current Share PriceAU$0.013
52 Week HighAU$0.053
52 Week LowAU$0.007
Beta1.34
1 Month Change18.18%
3 Month Change30.00%
1 Year Change-74.00%
3 Year Change-40.91%
5 Year Change-56.67%
Change since IPO-100.00%

Recent News & Updates

Recent updates

Shareholder Returns

88EAU Oil and GasAU Market
7D8.3%0.4%0.4%
1Y-74.0%24.5%0.4%

Return vs Industry: 88E underperformed the Australian Oil and Gas industry which returned 24.5% over the past year.

Return vs Market: 88E underperformed the Australian Market which returned 0.4% over the past year.

Price Volatility

Is 88E's price volatile compared to industry and market?
88E volatility
88E Average Weekly Movement14.4%
Oil and Gas Industry Average Movement10.1%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.5%
10% least volatile stocks in AU Market3.4%

Stable Share Price: 88E is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 88E's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
199610Ashley Gilberthttps://www.88energy.com

88 Energy Limited explores for oil and gas properties in the United States. It primarily holds a 75% working interest in the Icewine project, which covers an area of approximately 193,000 acres located in North Slope of Alaska, the United States; 100% working interest in the Yukon project covering an area of approximately 38,681 acres situated in the Central North Slope of Alaska; 50% working interest in Peregrine project covering an area of approximately 195,373 acres located in the NPR-A region of the North Slope of Alaska; and 100% working interest in the Umiat Oil Field project covering an area of approximately 17,633 acres situated in the immediate south of Peregrine project North Slope of Alaska. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia.

88 Energy Limited Fundamentals Summary

How do 88 Energy's earnings and revenue compare to its market cap?
88E fundamental statistics
Market CapAU$255.72m
Earnings (TTM)-AU$70.16m
Revenue (TTM)n/a

-54.9x

P/S Ratio

-3.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
88E income statement (TTM)
Revenue-AU$4.33m
Cost of RevenueAU$0
Gross Profit-AU$4.33m
Other ExpensesAU$65.83m
Earnings-AU$70.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0038
Gross Margin100.00%
Net Profit Margin1,621.09%
Debt/Equity Ratio0%

How did 88E perform over the long term?

See historical performance and comparison