How to buy Byron Energy shares | A$0.29

Byron Energy Limited is an oil & gas e&p business based in Australia. Byron Energy shares (BYE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.29 – a decrease of 1.69% over the previous week. Byron Energy has a trailing 12-month revenue of around $27.1 million.

How to buy shares in Byron Energy

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Byron Energy. Find the share by name or ticker symbol: BYE. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Byron Energy reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.29, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Byron Energy. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Byron Energy share price

Use our graph to track the performance of BYE stocks over time.

Byron Energy shares at a glance

• Key figures

Information last updated 2020-09-15.

Latest market close	AUDA$0.29
52-week range	AUDA$0.105 - AUDA$0.39
50-day moving average	AUDA$0.236
200-day moving average	AUDA$0.1766
Target price	AUDA$0.44
PE ratio	28.1715
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.008

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Byron Energy stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Byron Energy Limited by TradingView

Byron Energy price performance over time

Historical closes compared with the last close of A$0.29

1 week (2020-09-11)	-1.69%
1 month (2020-08-18)	23.40%
3 months (2020-06-18)	100.00%
6 months (2020-03-18)	114.81%

1 year (2019-09-18)	-19.44%
2 years (2018-09-18)	3.57%
3 years (2017-09-18)	222.22%
5 years (2015-09-16)	52.63%

Is Byron Energy under- or over-valued?

Valuing Byron Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Byron Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Byron Energy's P/E ratio

Byron Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 28x. In other words, Byron Energy shares trade at around 28x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Byron Energy's EBITDA

Byron Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $18.8 million (£0.0 million).

The EBITDA is a measure of a Byron Energy's overall financial performance and is widely used to measure a its profitability.

Byron Energy financials

Revenue TTM	$27.1 million
Gross profit TTM	$24.1 million
Return on assets TTM	-0.92%
Return on equity TTM	-2.9%
Profit margin	-5.03%
Book value	0.07
Market capitalisation	$306.9 million

TTM: trailing 12 months

Byron Energy share dividends

We're not expecting Byron Energy to pay a dividend over the next 12 months.

Have Byron Energy's shares ever split?

Byron Energy's shares were split on a 1:4 basis on 26 June 2011. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Byron Energy shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Byron Energy shares which in turn could have impacted Byron Energy's share price.

Byron Energy share price volatility

Over the last 12 months, Byron Energy's shares have ranged in value from as little as $0.105 up to $0.39. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Byron Energy's is 2.5349. This would suggest that Byron Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Byron Energy overview

Byron Energy Limited engages in the development, exploration, and production of oil and gas properties. It holds working interests in various blocks located in the shallow waters of the Gulf of Mexico and Coastal Marshlands of Louisiana, the United States. The company was founded in 2005 and is headquartered in Melbourne, Australia.

Frequently asked questions

• What percentage of Byron Energy is owned by insiders or institutions?

  Currently 37.972% of Byron Energy shares are held by insiders and 0.05% by institutions.

• When does the fiscal year end for Byron Energy?

  Byron Energy's fiscal year ends in June.

• Where is Byron Energy based?

  Byron Energy's address is: 480 Collins Street, Melbourne, VIC, Australia, 3000

• What is Byron Energy's ISIN number?

  Byron Energy's international securities identification number is: AU000000BYE3