How to buy Horizon Oil shares | A$0.057

Horizon Oil Limited is an oil & gas e&p business based in Australia. Horizon Oil shares (HZN) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.057 – an increase of 1.79% over the previous week. Horizon Oil has a trailing 12-month revenue of around $84 million.

How to buy shares in Horizon Oil

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 Horizon Oil. Find the share by name or ticker symbol: HZN. 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 Horizon Oil 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 $0.057, 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 Horizon Oil. 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.

How has coronavirus impacted Horizon Oil's share price?

Since the stock market crash in March caused by coronavirus, Horizon Oil's share price has had significant negative movement.

Its last market close was $0.057, which is 28.75% down on its pre-crash value of $0.08 and 35.71% up on the lowest point reached during the March crash when the shares fell as low as $0.042.

If you had bought $1,000 worth of Horizon Oil shares at the start of February 2020, those shares would have been worth $426.09 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $495.65.

Horizon Oil share price

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

Horizon Oil shares at a glance

• Key figures

Information last updated 2020-09-20.

Latest market close	AUDA$0.057
52-week range	AUDA$0.042 - AUDA$0.15
50-day moving average	AUDA$0.0576
200-day moving average	AUDA$0.059
Target price	AUDA$0.21
PE ratio	2.7184
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.022

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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 Horizon Oil 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 Horizon Oil Limited by TradingView

Horizon Oil price performance over time

Historical closes compared with the last close of A$0.057

1 week (2020-09-14)	1.79%
1 month (2020-08-24)	0.057
3 months (2020-06-20)	N/A
6 months (2020-03-23)	16.33%

1 year (2019-09-20)	-59.29%
2 years (2018-09-21)	-57.78%
3 years (2017-09-21)	1.79%
5 years (2015-09-21)	-31.33%

Is Horizon Oil under- or over-valued?

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

Horizon Oil's P/E ratio

Horizon Oil's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Horizon Oil shares trade at around 3x 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.

Horizon Oil's EBITDA

Horizon Oil's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $45.8 million (£0.0 million).

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

Horizon Oil financials

Revenue TTM	$84 million
Gross profit TTM	$30.6 million
Return on assets TTM	-15.02%
Return on equity TTM	-49.2%
Profit margin	-65.62%
Book value	0.064
Market capitalisation	$72.9 million

TTM: trailing 12 months

Horizon Oil share dividends

We're not expecting Horizon Oil to pay a dividend over the next 12 months.

Have Horizon Oil's shares ever split?

Horizon Oil's shares were split on 18 October 2006.

Horizon Oil share price volatility

Over the last 12 months, Horizon Oil's shares have ranged in value from as little as $0.042 up to $0.15. 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 Horizon Oil's is 1.7542. This would suggest that Horizon Oil's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Horizon Oil overview

Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. It holds interest in the Block 22/12 oil field in Beibu Gulf, China, as well as engages in the exploration and evaluation of hydrocarbons; Maari/Manaia oil fields in New Zealand; and Stanley condensate/gas development and six onshore permits in Papua New Guinea. The company was incorporated in 1969 and is based in Sydney, Australia.

Frequently asked questions

• What percentage of Horizon Oil is owned by insiders or institutions?

  Currently 41.113% of Horizon Oil shares are held by insiders and 12.635% by institutions.

• When does the fiscal year end for Horizon Oil?

  Horizon Oil's fiscal year ends in June.

• Where is Horizon Oil based?

  Horizon Oil's address is: 134 William Street, Sydney, NSW, Australia, 2011

• What is Horizon Oil's ISIN number?

  Horizon Oil's international securities identification number is: AU000000HZN8