Empire Energy Group (CHIA:EEG) - Stock Price, News & Analysis

EEG Stock Overview

Together its subsidiaries, engages in the production and sale of oil and natural gas in the United States and Australia.

About the company

EEG fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 69.83% per year

Risk Analysis

Shareholders have been diluted in the past year

Does not have meaningful revenue (A$6M)

Empire Energy Group Limited Competitors

Horizon Oil

ASX:HZN

AU$301.0m

Cooper Energy

ASX:COE

AU$435.6m

Otto Energy

ASX:OEL

AU$57.5m

Central Petroleum

ASX:CTP

AU$39.5m

Price History & Performance

Summary of all time highs, changes and price drops for Empire Energy Group
Historical stock prices
Current Share Price	AU$0.19
52 Week High	AU$0.33
52 Week Low	AU$0.12
Beta	1.1
11 Month Change	-15.56%
3 Month Change	-30.91%
1 Year Change	52.00%
33 Year Change	-47.95%
5 Year Change	-60.82%
Change since IPO	-79.35%

Recent updates

Shareholder Returns

	EEG	AU Oil and Gas	AU Market
7D	-13.6%	-1.6%	0.2%
1Y	52.0%	-18.0%	16.6%

Return vs Industry: EEG exceeded the Australian Oil and Gas industry which returned -18% over the past year.

Return vs Market: EEG exceeded the Australian Market which returned 16.6% over the past year.

Price Volatility

Is EEG's price volatile compared to industry and market?
EEG volatility
EEG Average Weekly Movement	7.2%
Oil and Gas Industry Average Movement	11.1%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: EEG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: EEG's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1981	39	Alex Underwood	empireenergygroup.net

Empire Energy Group Limited, together its subsidiaries, engages in the production and sale of oil and natural gas in the United States and Australia. It operates through US Operations and Northern Territory segments. The company holds a 100% working interest in approximately 28.9 million acres of petroleum exploration tenements in the McArthur Basin and Beetaloo Sub-basin, onshore Northern Territory, Australia.

Empire Energy Group Limited Fundamentals Summary

How do Empire Energy Group's earnings and revenue compare to its market cap?
EEG fundamental statistics
Market cap	AU$193.29m
Earnings (TTM)	-AU$23.92m
Revenue (TTM)	AU$6.09m

31.8x

P/S Ratio

-8.1x

P/E Ratio

Is EEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EEG income statement (TTM)
Revenue	AU$6.09m
Cost of Revenue	AU$5.89m
Gross Profit	AU$193.04k
Other Expenses	AU$24.12m
Earnings	-AU$23.92m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.024
Gross Margin	3.17%
Net Profit Margin	-393.13%
Debt/Equity Ratio	1.2%

How did EEG perform over the long term?

See historical performance and comparison

EEG Stock Overview

Rewards

Risk Analysis

Empire Energy Group Limited Competitors

ASX:HZN

AU$301.0m

ASX:COE

AU$435.6m

ASX:OEL

AU$57.5m

ASX:CTP

AU$39.5m

Price History & Performance

Recent News & Updates

Empire Energy Group Limited Appoints Chris White as Chief Operating Officer

New minor risk - Shareholder dilution

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 39 million.

Full year 2023 earnings released: AU$0.029 loss per share (vs AU$0.009 loss in FY 2022)

Empire Energy Group Limited, Annual General Meeting, May 28, 2024

New minor risk - Share price stability

Recent updates

Empire Energy Group Limited Appoints Chris White as Chief Operating Officer

New minor risk - Shareholder dilution

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 39 million.

Full year 2023 earnings released: AU$0.029 loss per share (vs AU$0.009 loss in FY 2022)

Empire Energy Group Limited, Annual General Meeting, May 28, 2024

New minor risk - Share price stability

New minor risk - Share price stability

Empire Energy Group Limited Announces Changes to Board of Directors

First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.004 loss in 1H 2022)

No longer forecast to breakeven

New minor risk - Profitability

Less than half of directors are independent

Empire Energy Group Limited Announces Board Changes

Full year 2022 earnings released: AU$0.009 loss per share (vs AU$0.024 loss in FY 2021)

Empire Energy Group Limited Announces Carpentaria-3H Hydraulic Stimulation and Carpentaria-4V Drilling Successfully Completed, Flow Testing Program Underway

Empire Energy Group Limited Provides Update on Beetaloo Operations

Empire Energy Group Limited Announces Beetaloo Operations Update

Empire Energy Group Limited Announces Longest Ever Beetaloo Horizontal Well Drilled

Empire Energy Group Limited Provides Update on Operations in Empire's 100% Owned and Operated EP187 Tenement, Located Onshore Northern Territory in the Beetaloo Sub-Basin

First half 2022 earnings released: AU$0.004 loss per share (vs AU$0.019 loss in 1H 2021)

Empire Energy Group Limited Announces Carpentaria-2H Continues Strong Production with Minimal Decline

Empire Energy Group Limited Provides Update on Ongoing Flow Testing of the Carpentaria-2H Well

Empire Energy Group Limited Announces Successful Hydraulic Stimulation of Carpentaria-2H

Empire Energy Group Limited Appoints Robin Polson as Chief Financial Officer

Empire Energy Group Limited Commences Fracture Stimulation of Carpentaria-2H

Empire Energy Group Limited Announces Operational Update

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 27.5 million.

Empire Energy Group Limited Announces Company Secretary Changes

Empire Energy Group Limited Announces That It Is Completing Preparations for the Hydraulic Stimulation and Extended Production Test of Carpentaria-2H

Full year 2021 earnings released: AU$0.024 loss per share (vs AU$0.027 loss in FY 2020)

Empire Energy Group Limited Announces an Update to Its Beetaloo Sub-Basin Contingent and Prospective Resources and US Gas Production Asset Reserves

Empire Energy Group Limited Provides Beetaloo Operations Update

Empire Energy Group Limited Provides Beetaloo Operations Update

Empire Energy Group Limited (ASX:EEG) completed the acquisition of 82.5% stake in Beetaloo Sub-basin Portfolio from Pangaea (NT) Unit Trust.

Empire Energy Group Limited Provide an Update on the Continuing Positive Progress at the Carpentaria-1 Well in EP187

Empire Energy Group Limited Announces the Commencement of the Fracture Stimulation, Flowback and Extended Production Testing Program at Carpentaria-1

Empire Energy Group's Ordinary Shares to Be Deleted from Other OTC

Empire Energy Group Limited (ASX:EEG) agreed to acquire 17.5% stake in Beetaloo Sub-basin Portfolio from EMG Fund II Management, L.P.

Full year 2020 earnings released: AU$0.027 loss per share (vs AU$0.073 loss in FY 2019)

Non-Executive Director has left the company

Empire Energy Group Limited Announces Board Changes

Empire Energy Group Limited Announces Material Beetaloo Resource Upgrade

New 90-day low: AU$0.33

Empire Energy Group Limited Announces Carpentaria-1 Core Results and Operations Update

Empire Energy Group Limited Announces Company Secretary Changes

Empire Energy Group Limited Provides Carpentaria-1 Drilling Update

Empire Energy Group Limited Announces Commence Drilling the Carpentaria-1 Well in Empire's 100% Owned Northern Territory Permit Ep187

First half earnings released

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.

Shareholder Returns

Price Volatility

About the Company

Empire Energy Group Limited Fundamentals Summary

31.8x

-8.1x

Earnings & Revenue