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HZN (Horizon Oil Ltd) Stock Analysis
Buy, Hold or Sell?

Let's analyze Horizon Oil Ltd together

I guess you are interested in Horizon Oil Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📊 Fundamental Analysis (FA) – Horizon Oil Ltd’s Financial Insights
  • 📈 Technical Analysis (TA) – Horizon Oil Ltd’s Price Targets

I'm going to help you getting a better view of Horizon Oil Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Horizon Oil Ltd (30 sec.)










1.2. What can you expect buying and holding a share of Horizon Oil Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.09
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
A$0.08
Expected worth in 1 year
A$0.03
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
A$0.09
Return On Investment
45.8%

For what price can you sell your share?

Current Price per Share
A$0.21
Expected price per share
A$0.195 - A$0.205
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Horizon Oil Ltd (5 min.)




Live pricePrice per Share (EOD)
A$0.21
Intrinsic Value Per Share
A$0.18 - A$0.90
Total Value Per Share
A$0.26 - A$0.98

2.2. Growth of Horizon Oil Ltd (5 min.)




Is Horizon Oil Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$83.2m$95.5m-$12.3m-14.8%

How much money is Horizon Oil Ltd making?

Current yearPrevious yearGrowGrow %
Making money$25.8m$43.8m-$17.9m-69.3%
Net Profit Margin23.2%29.5%--

How much money comes from the company's main activities?

2.3. Financial Health of Horizon Oil Ltd (5 min.)




2.4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#142 / 316

Most Revenue
#97 / 316

Most Profit
#65 / 316
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Horizon Oil Ltd?

Welcome investor! Horizon Oil Ltd's management wants to use your money to grow the business. In return you get a share of Horizon Oil Ltd.

First you should know what it really means to hold a share of Horizon Oil Ltd. And how you can make/lose money.

Speculation

The Price per Share of Horizon Oil Ltd is A$0.205. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Horizon Oil Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Horizon Oil Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.08. Based on the TTM, the Book Value Change Per Share is A$-0.01 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.03 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Horizon Oil Ltd.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.027.7%0.027.7%0.0419.3%0.0312.3%0.012.8%-0.01-2.7%
Usd Book Value Change Per Share-0.01-3.5%-0.01-3.5%0.00-1.3%-0.01-2.7%-0.01-3.4%-0.01-4.2%
Usd Dividend Per Share0.0211.0%0.0211.0%0.029.7%0.0210.2%0.016.8%0.013.4%
Usd Total Gains Per Share0.027.5%0.027.5%0.028.4%0.027.4%0.013.5%0.00-0.8%
Usd Price Per Share0.12-0.12-0.09-0.10-0.08-0.07-
Price to Earnings Ratio7.45-7.45-2.32-4.69-6.39--10.84-
Price-to-Total Gains Ratio7.66-7.66-5.32-6.55-4.48--1.20-
Price to Book Ratio2.32-2.32-1.58-1.79-1.43-1.07-
Price-to-Total Gains Ratio7.66-7.66-5.32-6.55-4.48--1.20-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.1340905
Number of shares7457
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share-0.01-0.01
Usd Total Gains Per Share0.020.01
Gains per Quarter (7457 shares)114.5852.81
Gains per Year (7457 shares)458.30211.26
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1671-212448416-205201
21341-425906832-410412
32012-63713641248-615623
42682-84918221665-820834
53353-106222802081-10241045
64024-127427382497-12291256
74694-148631962913-14341467
85365-169936543329-16391678
96036-191141123745-18441889
106706-212345704161-20492100

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%15.016.05.041.7%
Book Value Change Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%3.07.00.030.0%19.017.00.052.8%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%5.00.05.050.0%12.00.024.033.3%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%22.014.00.061.1%
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3.2. Key Performance Indicators

The key performance indicators of Horizon Oil Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.011-0.0110%-0.004-62%-0.009-22%-0.011-3%-0.013+21%
Book Value Per Share--0.0780.0780%0.089-12%0.086-10%0.088-12%0.116-33%
Current Ratio--2.3162.3160%2.343-1%2.178+6%2.086+11%1.459+59%
Debt To Asset Ratio--0.5940.5940%0.482+23%0.512+16%0.493+21%0.540+10%
Debt To Equity Ratio--1.4661.4660%0.932+57%1.083+35%1.003+46%1.262+16%
Dividend Per Share--0.0340.0340%0.030+13%0.032+8%0.021+61%0.011+222%
Enterprise Value--188868256.680188868256.6800%161340785.990+17%169907565.362+11%126840576.460+49%-6138274.994+103%
Eps--0.0240.0240%0.060-60%0.039-37%0.009+174%-0.009+136%
Ev To Ebitda Ratio--2.9212.9210%0.713+309%1.561+87%1.348+117%0.217+1246%
Ev To Sales Ratio--1.1071.1070%0.710+56%0.931+19%0.789+40%-0.153+114%
Free Cash Flow Per Share--0.0510.0510%0.038+36%0.043+18%0.035+47%0.030+70%
Free Cash Flow To Equity Per Share--0.0330.0330%0.001+5057%0.011+197%0.010+220%0.000+84561%
Gross Profit Margin--1.0001.0000%0.929+8%0.941+6%0.847+18%1.739-43%
Intrinsic Value_10Y_max--0.903----------
Intrinsic Value_10Y_min--0.178----------
Intrinsic Value_1Y_max--0.053----------
Intrinsic Value_1Y_min--0.027----------
Intrinsic Value_3Y_max--0.189----------
Intrinsic Value_3Y_min--0.074----------
Intrinsic Value_5Y_max--0.358----------
Intrinsic Value_5Y_min--0.112----------
Market Cap333186493.440+11%295063291.080295063291.0800%231045784.480+28%249030970.668+18%203571431.883+45%172295374.844+71%
Net Profit Margin--0.2320.2320%0.295-21%0.252-8%0.017+1297%-0.200+186%
Operating Margin--0.3770.3770%0.593-36%0.514-27%0.331+14%0.037+909%
Operating Ratio--0.5570.5570%0.588-5%0.571-2%0.664-16%0.751-26%
Pb Ratio2.641+12%2.3192.3190%1.582+47%1.786+30%1.431+62%1.068+117%
Pe Ratio8.487+12%7.4527.4520%2.318+221%4.693+59%6.395+17%-10.839+245%
Price Per Share0.205+12%0.1800.1800%0.140+29%0.152+19%0.124+45%0.105+71%
Price To Free Cash Flow Ratio4.032+12%3.5403.5400%3.731-5%3.517+1%3.938-10%1.850+91%
Price To Total Gains Ratio8.727+12%7.6637.6630%5.318+44%6.551+17%4.475+71%-1.201+116%
Quick Ratio--1.9591.9590%2.208-11%1.953+0%1.868+5%1.289+52%
Return On Assets--0.1260.1260%0.238-47%0.165-24%0.038+231%-0.015+112%
Return On Equity--0.3110.3110%0.459-32%0.338-8%0.075+317%-0.074+124%
Total Gains Per Share--0.0230.0230%0.026-11%0.023+1%0.011+117%-0.003+111%
Usd Book Value--83242007.74383242007.7430%95551842.008-13%92668880.707-10%94333804.328-12%124321748.967-33%
Usd Book Value Change Per Share---0.007-0.0070%-0.003-62%-0.006-22%-0.007-3%-0.009+21%
Usd Book Value Per Share--0.0510.0510%0.058-12%0.056-10%0.058-12%0.076-33%
Usd Dividend Per Share--0.0220.0220%0.020+13%0.021+8%0.014+61%0.007+222%
Usd Enterprise Value--123538726.694123538726.6940%105533008.116+17%111136538.503+11%82966421.062+49%-4015045.674+103%
Usd Eps--0.0160.0160%0.040-60%0.025-37%0.006+174%-0.006+136%
Usd Free Cash Flow--54520350.11054520350.1100%40502193.208+35%46365091.322+18%36976706.632+47%32061869.418+70%
Usd Free Cash Flow Per Share--0.0330.0330%0.025+36%0.028+18%0.023+47%0.020+70%
Usd Free Cash Flow To Equity Per Share--0.0220.0220%0.000+5057%0.007+197%0.007+220%0.000+84561%
Usd Market Cap217937285.359+11%193000898.695193000898.6950%151127047.628+28%162891157.914+18%133156073.594+45%112698404.685+71%
Usd Price Per Share0.134+12%0.1180.1180%0.092+29%0.099+19%0.081+45%0.069+71%
Usd Profit--25899691.27225899691.2720%43851477.284-41%31358959.530-17%8319372.432+211%-10571549.152+141%
Usd Revenue--111602669.680111602669.6800%148649882.072-25%122337081.058-9%103009760.909+8%99118854.689+13%
Usd Total Gains Per Share--0.0150.0150%0.017-11%0.015+1%0.007+117%-0.002+111%
 EOD+4 -4MRQTTM+0 -0YOY+18 -223Y+21 -195Y+30 -1010Y+30 -10

3.3 Fundamental Score

Let's check the fundamental score of Horizon Oil Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-158.487
Price to Book Ratio (EOD)Between0-12.641
Net Profit Margin (MRQ)Greater than00.232
Operating Margin (MRQ)Greater than00.377
Quick Ratio (MRQ)Greater than11.959
Current Ratio (MRQ)Greater than12.316
Debt to Asset Ratio (MRQ)Less than10.594
Debt to Equity Ratio (MRQ)Less than11.466
Return on Equity (MRQ)Greater than0.150.311
Return on Assets (MRQ)Greater than0.050.126
Total8/10 (80.0%)

3.4 Technical Score

Let's check the technical score of Horizon Oil Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5061.231
Ma 20Greater thanMa 500.194
Ma 50Greater thanMa 1000.185
Ma 100Greater thanMa 2000.186
OpenGreater thanClose0.200
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About Horizon Oil Ltd

Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in China, New Zealand, and Australia. It holds interest in the Block 22/12 oil fields in Beibu Gulf, China; the PMP 38160 Maari/Manaia oil fields in New Zealand; and the Mereenie OL4 and OL5 oil and gas fields in Amadeus Basin, Australia; as well as engages in the exploration and evaluation of hydrocarbons. Horizon Oil Limited was incorporated in 1969 and is headquartered in Sydney, Australia.

Fundamental data was last updated by Penke on 2025-07-03 16:07:06.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Horizon Oil Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • A Net Profit Margin of 23.2% means that $0.23 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Horizon Oil Ltd:

  • The MRQ is 23.2%. The company is making a huge profit. +2
  • The TTM is 23.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ23.2%TTM23.2%0.0%
TTM23.2%YOY29.5%-6.3%
TTM23.2%5Y1.7%+21.5%
5Y1.7%10Y-20.0%+21.6%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ23.2%7.0%+16.2%
TTM23.2%6.7%+16.5%
YOY29.5%7.7%+21.8%
3Y25.2%9.5%+15.7%
5Y1.7%-5.9%+7.6%
10Y-20.0%-32.1%+12.1%
4.3.1.2. Return on Assets

Shows how efficient Horizon Oil Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • 12.6% Return on Assets means that Horizon Oil Ltd generated $0.13 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Horizon Oil Ltd:

  • The MRQ is 12.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 12.6%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ12.6%TTM12.6%0.0%
TTM12.6%YOY23.8%-11.1%
TTM12.6%5Y3.8%+8.8%
5Y3.8%10Y-1.5%+5.3%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ12.6%0.1%+12.5%
TTM12.6%-0.1%+12.7%
YOY23.8%0.3%+23.5%
3Y16.5%1.0%+15.5%
5Y3.8%0.1%+3.7%
10Y-1.5%-1.8%+0.3%
4.3.1.3. Return on Equity

Shows how efficient Horizon Oil Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • 31.1% Return on Equity means Horizon Oil Ltd generated $0.31 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Horizon Oil Ltd:

  • The MRQ is 31.1%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 31.1%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ31.1%TTM31.1%0.0%
TTM31.1%YOY45.9%-14.8%
TTM31.1%5Y7.5%+23.7%
5Y7.5%10Y-7.4%+14.9%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ31.1%1.0%+30.1%
TTM31.1%0.7%+30.4%
YOY45.9%0.9%+45.0%
3Y33.8%2.4%+31.4%
5Y7.5%0.1%+7.4%
10Y-7.4%-3.7%-3.7%
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4.3.2. Operating Efficiency of Horizon Oil Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Horizon Oil Ltd is operating .

  • Measures how much profit Horizon Oil Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • An Operating Margin of 37.7% means the company generated $0.38  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Horizon Oil Ltd:

  • The MRQ is 37.7%. The company is operating very efficient. +2
  • The TTM is 37.7%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ37.7%TTM37.7%0.0%
TTM37.7%YOY59.3%-21.5%
TTM37.7%5Y33.1%+4.6%
5Y33.1%10Y3.7%+29.4%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ37.7%13.0%+24.7%
TTM37.7%12.4%+25.3%
YOY59.3%15.6%+43.7%
3Y51.4%15.3%+36.1%
5Y33.1%0.3%+32.8%
10Y3.7%-22.2%+25.9%
4.3.2.2. Operating Ratio

Measures how efficient Horizon Oil Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • An Operation Ratio of 0.56 means that the operating costs are $0.56 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Horizon Oil Ltd:

  • The MRQ is 0.557. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.557. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.557TTM0.5570.000
TTM0.557YOY0.588-0.031
TTM0.5575Y0.664-0.108
5Y0.66410Y0.751-0.087
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5571.116-0.559
TTM0.5571.041-0.484
YOY0.5880.873-0.285
3Y0.5710.912-0.341
5Y0.6640.987-0.323
10Y0.7511.148-0.397
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4.4.3. Liquidity of Horizon Oil Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Horizon Oil Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A Current Ratio of 2.32 means the company has $2.32 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Horizon Oil Ltd:

  • The MRQ is 2.316. The company is able to pay all its short-term debts. +1
  • The TTM is 2.316. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.316TTM2.3160.000
TTM2.316YOY2.343-0.028
TTM2.3165Y2.086+0.230
5Y2.08610Y1.459+0.627
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3161.205+1.111
TTM2.3161.229+1.087
YOY2.3431.223+1.120
3Y2.1781.276+0.902
5Y2.0861.464+0.622
10Y1.4591.699-0.240
4.4.3.2. Quick Ratio

Measures if Horizon Oil Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • A Quick Ratio of 1.96 means the company can pay off $1.96 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Horizon Oil Ltd:

  • The MRQ is 1.959. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.959. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.959TTM1.9590.000
TTM1.959YOY2.208-0.249
TTM1.9595Y1.868+0.091
5Y1.86810Y1.289+0.579
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9590.477+1.482
TTM1.9590.673+1.286
YOY2.2080.764+1.444
3Y1.9530.864+1.089
5Y1.8680.924+0.944
10Y1.2891.276+0.013
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4.5.4. Solvency of Horizon Oil Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Horizon Oil Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Horizon Oil Ltd to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.59 means that Horizon Oil Ltd assets are financed with 59.4% credit (debt) and the remaining percentage (100% - 59.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Horizon Oil Ltd:

  • The MRQ is 0.594. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.594. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.594TTM0.5940.000
TTM0.594YOY0.482+0.112
TTM0.5945Y0.493+0.102
5Y0.49310Y0.540-0.047
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5940.427+0.167
TTM0.5940.420+0.174
YOY0.4820.405+0.077
3Y0.5120.422+0.090
5Y0.4930.463+0.030
10Y0.5400.456+0.084
4.5.4.2. Debt to Equity Ratio

Measures if Horizon Oil Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 146.6% means that company has $1.47 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Horizon Oil Ltd:

  • The MRQ is 1.466. The company is able to pay all its debts with equity. +1
  • The TTM is 1.466. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.466TTM1.4660.000
TTM1.466YOY0.932+0.534
TTM1.4665Y1.003+0.463
5Y1.00310Y1.262-0.258
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4660.660+0.806
TTM1.4660.660+0.806
YOY0.9320.607+0.325
3Y1.0830.677+0.406
5Y1.0030.790+0.213
10Y1.2620.748+0.514
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Horizon Oil Ltd generates.

  • Above 15 is considered overpriced but always compare Horizon Oil Ltd to the Oil & Gas E&P industry mean.
  • A PE ratio of 7.45 means the investor is paying $7.45 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Horizon Oil Ltd:

  • The EOD is 8.487. Based on the earnings, the company is underpriced. +1
  • The MRQ is 7.452. Based on the earnings, the company is cheap. +2
  • The TTM is 7.452. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.487MRQ7.452+1.035
MRQ7.452TTM7.4520.000
TTM7.452YOY2.318+5.134
TTM7.4525Y6.395+1.057
5Y6.39510Y-10.839+17.233
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD8.4870.533+7.954
MRQ7.4520.641+6.811
TTM7.4520.641+6.811
YOY2.3180.064+2.254
3Y4.6932.815+1.878
5Y6.3950.895+5.500
10Y-10.839-0.520-10.319
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Horizon Oil Ltd:

  • The EOD is 4.032. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.540. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.540. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.032MRQ3.540+0.492
MRQ3.540TTM3.5400.000
TTM3.540YOY3.731-0.191
TTM3.5405Y3.938-0.398
5Y3.93810Y1.850+2.088
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD4.0320.671+3.361
MRQ3.5400.698+2.842
TTM3.5400.474+3.066
YOY3.731-1.095+4.826
3Y3.517-0.093+3.610
5Y3.938-0.602+4.540
10Y1.850-1.166+3.016
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Horizon Oil Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 2.32 means the investor is paying $2.32 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Horizon Oil Ltd:

  • The EOD is 2.641. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.319. Based on the equity, the company is underpriced. +1
  • The TTM is 2.319. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.641MRQ2.319+0.322
MRQ2.319TTM2.3190.000
TTM2.319YOY1.582+0.737
TTM2.3195Y1.431+0.888
5Y1.43110Y1.068+0.362
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD2.6410.925+1.716
MRQ2.3191.031+1.288
TTM2.3191.108+1.211
YOY1.5821.220+0.362
3Y1.7861.328+0.458
5Y1.4311.310+0.121
10Y1.0681.279-0.211
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Horizon Oil Ltd.

4.8.2. Funds holding Horizon Oil Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2021-01-31DFA Asia Pacific Small Company Series0.059999997-714889--
2021-01-31Voya International Small Cap Fund0.01-156949--
Total 0.069999997087183800.0%
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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets205,276
Total Liabilities122,033
Total Stockholder Equity83,243
 As reported
Total Liabilities 122,033
Total Stockholder Equity+ 83,243
Total Assets = 205,276

Assets

Total Assets205,276
Total Current Assets70,881
Long-term Assets134,395
Total Current Assets
Cash And Cash Equivalents 52,570
Net Receivables 7,399
Inventory 9,531
Other Current Assets 1,381
Total Current Assets  (as reported)70,881
Total Current Assets  (calculated)70,881
+/-0
Long-term Assets
Property Plant Equipment 119,937
Long Term Investments 1,351
Long-term Assets  (as reported)134,395
Long-term Assets  (calculated)121,288
+/- 13,107

Liabilities & Shareholders' Equity

Total Current Liabilities30,609
Long-term Liabilities91,424
Total Stockholder Equity83,243
Total Current Liabilities
Short-term Debt 2,703
Short Long Term Debt 2,703
Accounts payable 1,033
Other Current Liabilities 26,873
Total Current Liabilities  (as reported)30,609
Total Current Liabilities  (calculated)33,312
+/- 2,703
Long-term Liabilities
Long term Debt 23,152
Long-term Liabilities  (as reported)91,424
Long-term Liabilities  (calculated)23,152
+/- 68,272
Total Stockholder Equity
Common Stock150,095
Retained Earnings -146,859
Accumulated Other Comprehensive Income 80,007
Total Stockholder Equity (as reported)83,243
Total Stockholder Equity (calculated)83,243
+/-0
Other
Capital Stock150,095
Cash and Short Term Investments 52,570
Common Stock Shares Outstanding 1,639,241
Liabilities and Stockholders Equity 205,276
Net Debt -26,715
Net Invested Capital 109,098
Net Working Capital 40,272
Property Plant and Equipment Gross 122,548
Short Long Term Debt Total 25,855



5.2. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-06-302023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-302005-06-302004-06-302003-06-302002-06-302001-06-302000-06-301999-06-301998-06-301997-06-301996-06-301995-06-301994-06-301993-06-301992-06-301991-06-301990-06-301989-06-30
> Total Assets 
21,178
26,411
27,976
33,127
26,550
24,779
27,959
23,015
21,111
25,232
18,189
15,358
14,864
22,065
14,225
14,023
16,436
30,062
57,481
94,666
140,151
171,629
293,480
350,849
476,186
514,903
523,339
395,931
362,893
309,359
263,709
172,953
186,921
183,503
184,637
205,276
205,276184,637183,503186,921172,953263,709309,359362,893395,931523,339514,903476,186350,849293,480171,629140,15194,66657,48130,06216,43614,02314,22522,06514,86415,35818,18925,23221,11123,01527,95924,77926,55033,12727,97626,41121,178
   > Total Current Assets 
3,114
2,294
2,380
4,666
2,696
3,268
9,865
6,226
4,916
8,252
8,625
5,357
3,424
5,718
5,214
5,895
6,612
11,769
21,137
20,618
11,097
33,550
69,417
46,989
47,364
121,343
95,755
40,435
46,464
46,975
39,266
39,003
65,254
68,895
66,339
70,881
70,88166,33968,89565,25439,00339,26646,97546,46440,43595,755121,34347,36446,98969,41733,55011,09720,61821,13711,7696,6125,8955,2145,7183,4245,3578,6258,2524,9166,2269,8653,2682,6964,6662,3802,2943,114
       Cash And Cash Equivalents 
1,336
666
776
2,813
1,154
1,576
7,201
4,519
3,140
5,145
7,466
1,251
2,716
4,414
1,059
5,437
5,937
8,379
19,835
19,562
10,000
26,509
64,572
19,287
19,028
98,911
61,343
21,594
31,978
27,522
21,389
26,086
44,438
44,081
43,489
52,570
52,57043,48944,08144,43826,08621,38927,52231,97821,59461,34398,91119,02819,28764,57226,50910,00019,56219,8358,3795,9375,4371,0594,4142,7161,2517,4665,1453,1404,5197,2011,5761,1542,8137766661,336
       Short-term Investments 
0
0
0
0
0
0
0
0
278
376
161
23
48
11
3,332
5,374
0
0
63
0
0
0
0
0
0
0
0
0
2,856
0
793
802
0
0
677
0
06770080279302,85600000000063005,3743,33211482316137627800000000
       Net Receivables 
970
1,137
1,287
1,645
1,401
943
1,533
603
1,457
2,687
517
3,560
510
1,209
788
417
587
175
37
933
826
3,520
2,272
14,966
18,956
15,477
14,580
14,212
6,376
15,419
8,015
7,923
13,982
18,087
18,351
7,399
7,39918,35118,08713,9827,9238,01515,4196,37614,21214,58015,47718,95614,9662,2723,520826933371755874177881,2095103,5605172,6871,4576031,5339431,4011,6451,2871,137970
       Inventory 
142
141
102
208
141
205
104
54
41
45
481
506
116
66
0
0
-27
3,095
63
-6
86
3,272
2,293
7,827
7,898
5,281
4,907
2,407
1,952
3,135
5,498
3,532
2,555
4,182
2,946
9,531
9,5312,9464,1822,5553,5325,4983,1351,9522,4074,9075,2817,8987,8272,2933,27286-6633,095-270066116506481454154104205141208102141142
       Other Current Assets 
666
349
215
0
1
544
1,026
1,050
278
376
161
18
33
29
3,368
99
88
333
1,265
123
185
249
280
4,909
1,482
1,674
14,925
2,305
3,238
900
3,571
1,402
4,278
2,547
1,599
1,381
1,3811,5992,5474,2781,4023,5719003,2382,30514,9251,6741,4824,9092802491851231,26533388993,3682933181613762781,0501,02654410215349666
   > Long-term Assets 
18,064
24,117
25,595
28,461
23,854
21,510
18,094
16,789
16,195
16,979
9,565
10,001
11,440
16,347
9,011
8,128
9,825
18,293
36,344
74,048
129,054
138,079
224,063
303,860
428,822
393,560
427,584
355,496
316,429
262,384
224,443
133,950
121,667
114,608
118,298
134,395
134,395118,298114,608121,667133,950224,443262,384316,429355,496427,584393,560428,822303,860224,063138,079129,05474,04836,34418,2939,8258,1289,01116,34711,44010,0019,56516,97916,19516,78918,09421,51023,85428,46125,59524,11718,064
       Property Plant Equipment 
2,724
3,419
3,935
5,934
2,905
5,052
6,160
7,080
16,195
16,979
9,565
10,001
11,440
16,347
9,011
8,128
9,825
13,597
36,344
74,048
127,277
133,753
210,260
292,308
418,381
391,254
416,419
263,897
234,667
193,640
157,372
118,322
112,845
106,928
104,817
119,937
119,937104,817106,928112,845118,322157,372193,640234,667263,897416,419391,254418,381292,308210,260133,753127,27774,04836,34413,5979,8258,1289,01116,34711,44010,0019,56516,97916,1957,0806,1605,0522,9055,9343,9353,4192,724
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,351
1,351
1,3511,3510000000000000000000000000000000000
       Long-term Assets Other 
14,659
20,143
20,633
21,671
20,949
15,749
11,839
9,708
16,030
0
0
0
0
0
0
0
0
4,696
0
0
0
0
0
0
0
0
0
72,002
67,714
57,238
56,683
8,278
0
0
0
0
00008,27856,68357,23867,71472,0020000000004,6960000000016,0309,70811,83915,74920,94921,67120,63320,14314,659
> Total Liabilities 
2,952
6,372
6,424
12,402
9,653
6,256
5,792
3,343
2,866
5,225
1,722
1,423
1,812
1,174
667
1,888
2,404
7,998
13,319
51,434
79,546
57,264
140,929
189,125
309,173
292,337
267,022
255,541
223,755
214,407
122,948
89,569
76,641
84,289
89,084
122,033
122,03389,08484,28976,64189,569122,948214,407223,755255,541267,022292,337309,173189,125140,92957,26479,54651,43413,3197,9982,4041,8886671,1741,8121,4231,7225,2252,8663,3435,7926,2569,65312,4026,4246,3722,952
   > Total Current Liabilities 
2,244
2,597
1,312
1,625
1,497
2,438
2,748
1,684
1,558
2,397
1,169
884
1,208
626
534
1,750
2,000
7,568
3,613
28,880
40,924
28,718
32,566
54,408
56,925
99,908
127,510
121,570
42,287
107,932
25,407
23,559
29,119
36,766
28,309
30,609
30,60928,30936,76629,11923,55925,407107,93242,287121,570127,51099,90856,92554,40832,56628,71840,92428,8803,6137,5682,0001,7505346261,2088841,1692,3971,5581,6842,7482,4381,4971,6251,3122,5972,244
       Short-term Debt 
1,166
1,623
558
20
619
1,505
1,259
1,047
708
109
31
20
24
13
4,945
0
0
0
0
18,738
34,201
20,553
5,909
7,632
14,735
44,165
97,104
76,937
28,853
74,864
9,469
12,459
14,588
1,177
11,879
2,703
2,70311,8791,17714,58812,4599,46974,86428,85376,93797,10444,16514,7357,6325,90920,55334,20118,73800004,945132420311097081,0471,2591,505619205581,6231,166
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
187,446
97,104
103,605
28,773
101,671
13,555
17,829
10,939
1,177
7,912
2,703
2,7037,9121,17710,93917,82913,555101,67128,773103,60597,104187,4460000000000000000000000000
       Accounts payable 
1,078
974
693
1,310
878
934
859
630
840
2,285
1,133
859
1,171
624
460
1,534
1,088
2,093
2,282
2,282
4,846
5,721
10,248
39,802
809
7,409
1,722
2,102
468
6,508
704
784
2,988
622
337
1,033
1,0333376222,9887847046,5084682,1021,7227,40980939,80210,2485,7214,8462,2822,2822,0931,0881,5344606241,1718591,1332,2858406308599348781,3106939741,078
       Other Current Liabilities 
0
2,046
61
294
0
0
629
6
9
3
5
4
13
-17
75
216
1,540
5,475
1,331
7,860
1,877
2,444
16,409
6,974
41,381
48,334
28,684
11,314
12,504
23,626
11,060
7,355
9,768
25,885
9,117
26,873
26,8739,11725,8859,7687,35511,06023,62612,50411,31428,68448,33441,3816,97416,4092,4441,8777,8601,3315,4751,54021675-17134539662900294612,0460
   > Long-term Liabilities 
708
3,775
5,111
10,778
8,156
3,817
3,044
1,659
1,308
2,828
553
540
604
548
133
138
404
429
9,706
22,554
38,622
28,546
108,363
134,717
252,248
192,429
139,512
133,971
181,468
106,475
97,541
66,010
47,521
47,523
60,775
91,424
91,42460,77547,52347,52166,01097,541106,475181,468133,971139,512192,429252,248134,717108,36328,54638,62222,5549,7064294041381335486045405532,8281,3081,6593,0443,8178,15610,7785,1113,775708
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
97,286
67,428
102,666
36,867
38,298
12,341
1,255
0
0
0
0001,25512,34138,29836,867102,66667,42897,28600000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
38
48
0
197
197
530
430
466
2,325
3,786
5,461
29,639
25,517
54,353
32,042
42,226
24,189
29,875
69,118
57,550
53,030
46,142
46,466
59,156
0
059,15646,46646,14253,03057,55069,11829,87524,18942,22632,04254,35325,51729,6395,4613,7862,3254664305301971970483800000000000
> Total Stockholder Equity
18,226
20,039
21,552
20,725
16,897
18,523
21,026
18,598
17,326
19,275
15,690
12,967
12,042
20,890
13,558
12,135
14,032
22,065
44,162
43,232
60,605
114,365
152,551
161,724
167,013
222,566
256,343
140,497
139,138
94,952
140,761
83,384
110,280
99,214
95,553
83,243
83,24395,55399,214110,28083,384140,76194,952139,138140,497256,343222,566167,013161,724152,551114,36560,60543,23244,16222,06514,03212,13513,55820,89012,04212,96715,69019,27517,32618,59821,02618,52316,89720,72521,55220,03918,226
   Common Stock
5,998
6,687
6,512
7,277
6,508
7,422
11,952
13,254
15,817
16,024
30,986
27,714
27,624
44,065
52,737
58,835
71,441
47,226
83,602
100,291
124,917
125,328
125,976
126,686
128,038
174,801
174,801
234,758
227,887
174,146
174,127
175,918
194,123
159,324
147,448
150,095
150,095147,448159,324194,123175,918174,127174,146227,887234,758174,801174,801128,038126,686125,976125,328124,917100,29183,60247,22671,44158,83552,73744,06527,62427,71430,98616,02415,81713,25411,9527,4226,5087,2776,5126,6875,998
   Retained Earnings 
1,564
1,811
3,850
2,455
-879
-3,258
-3,878
-7,326
-11,183
-11,591
-16,688
-16,688
-18,351
-26,384
-43,040
-49,785
-60,773
-30,495
-43,011
-59,248
-67,311
-14,966
19,970
27,617
31,091
43,921
62,254
-110,418
-107,728
-84,913
-49,215
-105,213
-96,541
-96,524
-123,307
-146,859
-146,859-123,307-96,524-96,541-105,213-49,215-84,913-107,728-110,41862,25443,92131,09127,61719,970-14,966-67,311-59,248-43,011-30,495-60,773-49,785-43,040-26,384-18,351-16,688-16,688-11,591-11,183-7,326-3,878-3,258-8792,4553,8501,8111,564
   Accumulated Other Comprehensive Income 
10,664
11,541
11,191
10,992
11,268
14,360
12,924
12,638
12,693
14,841
1,392
1,942
2,769
3,209
3,860
3,085
3,364
-330
3,571
2,189
2,999
4,003
6,605
7,421
7,884
3,844
19,288
16,156
18,979
5,719
15,850
26,347
13,610
37,243
71,443
80,007
80,00771,44337,24313,61026,34715,8505,71918,97916,15619,2883,8447,8847,4216,6054,0032,9992,1893,571-3303,3643,0853,8603,2092,7691,9421,39214,84112,69312,63812,92414,36011,26810,99211,19111,54110,664
   Capital Surplus 000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
28
32
0
0
0
0
0
0
0
0
0
-268
0
0
0
0
0
0
0
3,844
0
12,030
32,412
0
0
83,026
-69,888
-12
-152
0
0-152-12-69,88883,0260032,41212,03003,8440000000-2680000000003228000000



5.3. Balance Sheets

Currency in USD. All numbers in thousands.




5.4. Cash Flows

Currency in USD. All numbers in thousands.




5.5. Income Statements

Currency in USD. All numbers in thousands.


5.6. Latest Income Statement

Income Statement (annual), 2024-06-30. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue111,604
Cost of Revenue-56,410
Gross Profit55,19455,194
 
Operating Income (+$)
Gross Profit55,194
Operating Expense-5,739
Operating Income49,45549,455
 
Operating Expense (+$)
Research Development-
Selling General Administrative2,624
Selling And Marketing Expenses-
Operating Expense5,7392,624
 
Net Interest Income (+$)
Interest Income1,820
Interest Expense-2,934
Other Finance Cost-0
Net Interest Income-1,114
 
Pretax Income (+$)
Operating Income49,455
Net Interest Income-1,114
Other Non-Operating Income Expenses-
Income Before Tax (EBT)39,18559,725
EBIT - interestExpense = 39,185
39,185
28,834
Interest Expense2,934
Earnings Before Interest and Taxes (EBIT)42,11942,119
Earnings Before Interest and Taxes (EBITDA)42,296
 
After tax Income (+$)
Income Before Tax39,185
Tax Provision-13,285
Net Income From Continuing Ops25,90025,900
Net Income25,900
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses62,149
Total Other Income/Expenses Net-10,2701,114
 

Technical Analysis of Horizon Oil Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Horizon Oil Ltd. The general trend of Horizon Oil Ltd is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Horizon Oil Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Horizon Oil Ltd Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Horizon Oil Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.205 < 0.205.

The bearish price targets are: 0.195 > 0.195 > 0.195.

Know someone who trades $HZN? Share this with them.👇

Horizon Oil Ltd Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Horizon Oil Ltd. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Horizon Oil Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Horizon Oil Ltd. The current macd is 0.00511006.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Horizon Oil Ltd price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Horizon Oil Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Horizon Oil Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Horizon Oil Ltd Daily Moving Average Convergence/Divergence (MACD) ChartHorizon Oil Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Horizon Oil Ltd. The current adx is 26.21.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Horizon Oil Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Horizon Oil Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Horizon Oil Ltd. The current sar is 0.19409505.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Horizon Oil Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Horizon Oil Ltd. The current rsi is 61.23. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Horizon Oil Ltd Daily Relative Strength Index (RSI) ChartHorizon Oil Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Horizon Oil Ltd. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Horizon Oil Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Horizon Oil Ltd Daily Stochastic Oscillator ChartHorizon Oil Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Horizon Oil Ltd. The current cci is 108.25.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Horizon Oil Ltd Daily Commodity Channel Index (CCI) ChartHorizon Oil Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Horizon Oil Ltd. The current cmo is 26.72.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Horizon Oil Ltd Daily Chande Momentum Oscillator (CMO) ChartHorizon Oil Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Horizon Oil Ltd. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Horizon Oil Ltd Daily Williams %R ChartHorizon Oil Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Horizon Oil Ltd.

Horizon Oil Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Horizon Oil Ltd. The current atr is 0.00773489.

Horizon Oil Ltd Daily Average True Range (ATR) ChartHorizon Oil Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Horizon Oil Ltd. The current obv is 46,607,088.

Horizon Oil Ltd Daily On-Balance Volume (OBV) ChartHorizon Oil Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Horizon Oil Ltd. The current mfi is 64.80.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Horizon Oil Ltd Daily Money Flow Index (MFI) ChartHorizon Oil Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Horizon Oil Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-02-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-02-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-03-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-03-25MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-03-27MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-03-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-03STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-04-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-30CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-16STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-30STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-17STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-23STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-03STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-07-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-07-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-11STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Horizon Oil Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Horizon Oil Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5061.231
Ma 20Greater thanMa 500.194
Ma 50Greater thanMa 1000.185
Ma 100Greater thanMa 2000.186
OpenGreater thanClose0.200
Total3/5 (60.0%)
Penke
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