Forza Petroleum (DB:OYX0) - Stock Price, News & Analysis

OYX0 Stock Overview

Forza Petroleum Limited engages in the acquisition, exploration, development, commercialization, and production of crude oil and natural gas in the Middle East.

About the company

OYX0 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 21% per year over past 5 years

Highly volatile share price over the past 3 months

Does not have a meaningful market cap (€91M)

Forza Petroleum Limited Competitors

Deutsche Rohstoff

XTRA:DR0

€207.4m

Daldrup & Söhne

XTRA:4DS

€49.2m

EnviTec Biogas

XTRA:ETG

€484.1m

Friedrich Vorwerk Group

XTRA:VH2

€334.0m

Price History & Performance

Summary of all time highs, changes and price drops for Forza Petroleum
Historical stock prices
Current Share Price	CA$0.087
52 Week High	CA$0.18
52 Week Low	CA$0.043
Beta	2.01
1 Month Change	0.58%
3 Month Change	20.00%
1 Year Change	-38.73%
3 Year Change	33.85%
5 Year Change	-7.45%
Change since IPO	-99.20%

Recent updates

Shareholder Returns

	OYX0	DE Oil and Gas	DE Market
7D	-0.6%	1.3%	-0.5%
1Y	-38.7%	-25.9%	4.3%

Return vs Industry: OYX0 exceeded the German Oil and Gas industry which returned -40.6% over the past year.

Return vs Market: OYX0 underperformed the German Market which returned 0.1% over the past year.

Price Volatility

Is OYX0's price volatile compared to industry and market?
OYX0 volatility
OYX0 Average Weekly Movement	32.9%
Oil and Gas Industry Average Movement	4.8%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	10.4%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: OYX0's share price has been volatile over the past 3 months.

Volatility Over Time: OYX0's weekly volatility has increased from 20% to 33% over the past year.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Shane Cloninger	www.forzapetroleum.com

Forza Petroleum Limited engages in the acquisition, exploration, development, commercialization, and production of crude oil and natural gas in the Middle East. The company has a 65% participating and working interest in the Hawler license area located in the Kurdistan Region of Iraq. The company was formerly known as Oryx Petroleum Corporation Limited and changed its name to Forza Petroleum Limited in December 2020.

Forza Petroleum Limited Fundamentals Summary

How do Forza Petroleum's earnings and revenue compare to its market cap?
OYX0 fundamental statistics
Market cap	€62.24m
Earnings (TTM)	-€323.51m
Revenue (TTM)	€66.15m

0.9x

P/S Ratio

-0.2x

P/E Ratio

Is OYX0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OYX0 income statement (TTM)
Revenue	US$71.58m
Cost of Revenue	US$33.49m
Gross Profit	US$38.09m
Other Expenses	US$388.17m
Earnings	-US$350.08m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.58
Gross Margin	53.21%
Net Profit Margin	-489.09%
Debt/Equity Ratio	0%

How did OYX0 perform over the long term?

See historical performance and comparison

OYX0 Stock Overview

Rewards

Risk Analysis

Forza Petroleum Limited Competitors

XTRA:DR0

€207.4m

XTRA:4DS

€49.2m

XTRA:ETG

€484.1m

XTRA:VH2

€334.0m

Price History & Performance

Recent News & Updates

Zeg Oil and Gas Ltd completed the acquisition of remaining 17.5% stake in Forza Petroleum Limited (TSX:FORZ).

Zeg Oil and Gas Ltd entered into an arrangement agreement to acquire remaining 17.5% stake in Forza Petroleum Limited (TSX:FORZ) for CAD 18.4 million.

Now 33% undervalued after recent price drop

Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.04 profit in 3Q 2022)

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.054 profit in 2Q 2022)

Recent updates

Zeg Oil and Gas Ltd completed the acquisition of remaining 17.5% stake in Forza Petroleum Limited (TSX:FORZ).

Zeg Oil and Gas Ltd entered into an arrangement agreement to acquire remaining 17.5% stake in Forza Petroleum Limited (TSX:FORZ) for CAD 18.4 million.

Now 33% undervalued after recent price drop

Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.04 profit in 3Q 2022)

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.054 profit in 2Q 2022)

First quarter 2023 earnings released

Forza Petroleum Limited, Annual General Meeting, Jun 27, 2023

Full year 2022 earnings released: US$0.23 loss per share (vs US$0.018 profit in FY 2021)

High number of new directors

Forza Petroleum Limited Announces CEO Changes

Third quarter 2022 earnings released: EPS: US$0.04 (vs US$0.013 in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$0.054 (vs US$0.008 in 2Q 2021)

First quarter 2022 earnings released: EPS: US$0.04 (vs US$0.037 in 1Q 2021)

Forza Petroleum Limited, Annual General Meeting, Jun 28, 2022

Full year 2021 earnings: Revenues in line with analyst expectations

Third quarter 2021 earnings released: EPS US$0.01 (vs US$0.053 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.008 (vs US$0.007 loss in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.04 (vs US$0.45 loss in 1Q 2020)

Full year 2020 earnings released: US$0.19 loss per share (vs US$0.11 loss in FY 2019)

Third quarter 2020 earnings released: EPS US$0.05

First half earnings released

Zeg Oil and Gas Ltd completed the acquisition of 67% stake in Oryx Petroleum Corporation Limited (TSX:OXC) from AOG Upstream BV and certain of its affiliates.