How to buy Horizon Oil (HZN) shares
Learn how to easily invest in Horizon Oil shares.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Horizon Oil 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 in Australian dollars. Horizon Oil has a trailing 12-month revenue of around $76.6 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Horizon Oil
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- 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.
- 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Horizon Oil. Optimise your portfolio by tracking how your stock and 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 affect your stock.
What's in this guide?
- Horizon Oil key stats
- Compare share trading platforms
- Is Horizon Oil stock a buy or sell?
- Horizon Oil performance over time
- Are Horizon Oil shares over-valued?
- Horizon Oil's financials
- How volatile are Horizon Oil shares?
- Does Horizon Oil pay a dividend?
- Have Horizon Oil shares ever split?
- Other common questions
Horizon Oil stock price (ASX:HZN)Use our graph to track the performance of HZN stocks over time.
Horizon Oil shares at a glance
|52-week range||$0.076 - $0.16|
|50-day moving average||$0.1347|
|200-day moving average||$0.1094|
|Dividend yield||$0.022 (23.08%)|
|Earnings per share (TTM)||$0.01|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Horizon Oil stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.
Horizon Oil price performance over time
|1 week (2022-06-21)||4.17%|
|1 month (2022-05-27)||-19.35%|
|3 months (2022-03-28)||0.125|
|6 months (2021-12-24)||40.45%|
|1 year (2021-06-28)||13.64%|
|2 years (2020-06-26)||98.41%|
|3 years (2019-06-28)||19.05%|
|5 years (2017-06-28)||184.09%|
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 12x. In other words, Horizon Oil shares trade at around 12x 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 $48.7 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||$76.6 million|
|Operating margin TTM||31.18%|
|Gross profit TTM||$16.4 million|
|Return on assets TTM||9.06%|
|Return on equity TTM||12.94%|
|Market capitalisation||$189.5 million|
TTM: trailing 12 months
Horizon Oil share dividends
Dividend payout ratio: 332.56% of net profits
Recently Horizon Oil has paid out, on average, around 332.56% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 23.08% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Horizon Oil shareholders could enjoy a 23.08% return on their shares, in the form of dividend payments. In Horizon Oil's case, that would currently equate to about A$0.022 per share.
Horizon Oil's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 13 August 2021 (the "ex-dividend date").
Have Horizon Oil's shares ever split?
Horizon Oil's shares were split on 19 October 2006.
Horizon Oil share price volatility
Over the last 12 months, Horizon Oil's shares have ranged in value from as little as $0.076 up to $0.16. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Horizon Oil's is 1.3652. 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; and Maari/Manaia oil fields in New Zealand, as well as engages in the exploration and evaluation of hydrocarbons. The company was incorporated in 1969 and is based in Sydney, Australia.
Stocks similar to Horizon Oil
Horizon Oil in the news
Frequently asked questions
More guides on Finder
How to buy Kincora Copper (KCC) shares
Steps to owning and managing Kincora Copper shares.
How to buy Arcadia Minerals (AM7) shares
Steps to owning and managing Arcadia Minerals shares.
How to buy Nexgen Energy (NXG) shares
Steps to owning and managing Nexgen Energy shares.
How to buy Keypath Education (KED) shares
Steps to owning and managing Keypath Education shares.
What are green bonds and how do they impact the world?
If you want to directly fund climate solutions a green bond is a great place to start. Here is how they work.
5 best ways to invest money in Australia in 2022
What's the best way to invest money in Australia? Find out about robo advisors, index funds, cryptocurrency and more in this guide.
How to buy EBR Systems (EBR) shares
Steps to owning and managing EBR Systems shares.
How to buy 5E Advanced Materials (5EA) shares
Steps to owning and managing 5E Advanced Materials shares.
How to buy Leo lithium shares
Steps to owning and managing Leo lithium shares.
How to buy Besra Gold (BEZ) shares
Steps to owning and managing Besra Gold shares.
Ask an Expert