34LOW

HZN

HOR OIL FPO [HZN]
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in China, New Zealand, Australia, and Thailand. It also involved in the exploration and evaluation of hydrocarbons. Horizon Oil Limited was incorporated in 1969 and is headquartered in Sydney, Australia.
Energy · ASX Small Cap
$0.2650 +1.9%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical72
Catalyst63
Sentiment50
Fundamental39
Momentum65
Risk Gate50
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Active Signals

Bullish Signals

  • Bollinger Bands are tightening — volatility is coiling up for a potential breakout
  • Trading above both moving averages — the trend is your friend here
  • Beating the Small Ords index — relative strength of 1.23, so it's outpacing the pack
  • Trading above the 200-day average — the long-term trend is on your side
  • Cash positive / operating cashflow positive
  • Low P/S ratio (4.6x)
  • Revenue in sharp decline (-20%)
  • Near 52-week high (93% of range)
  • Recent placement detected - dilution risk
  • Earnings in sharp decline (-64% QoQ)
  • CANSLIM N: Near 52-week high (breakout territory)
  • CANSLIM I: Institutional ownership (26%)
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 52% over the past year (excluding last month)
  • Excellent risk-adjusted returns — Sharpe of 1.7 means strong gains without wild swings
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.90%/day)
  • Beneish M-Score -0.95 > -1.78: likely earnings manipulation
  • Commodity (Crude Oil): strong_up (+5pts)
  • RBA hiking (-3pts)
  • Dilution risk: technical breakout with recent capital raise

Risk Signals

  • Post-earnings drift: negative surprise (SUE -10)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Earnings momentum has turned negative — worth checking what's behind it
  • Revenue declining at -20% — the top line is shrinking
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE ECHELON EXTENDS TERMS SHEET DEADLINE
NONE Mereenie - LOI Gas Sales Agreement Update
NONE LOI Gas Sale Agreements Update
MEDIUM Completion of Despatch of Replacement Bidder's Statement
MEDIUM Replacement Bidder's Statement (Clean)
Announcement tone +3pts

Recent ASX Announcements

2026-03-24 ECHELON EXTENDS TERMS SHEET DEADLINE
2026-03-24 Mereenie - LOI Gas Sales Agreement Update
2026-03-24 LOI Gas Sale Agreements Update
2026-03-19 Completion of Despatch of Replacement Bidder's Statement
2026-03-18 Replacement Bidder's Statement (Clean) PRICE SENSITIVE

Key Metrics

$434.6M
Market Cap
4.4M
Avg Volume
0.8x
Vol Ratio
$0.17 — $0.28
52-Week Range
N/A
Short Interest
N/A
Cash Runway
12.8%
ROE
8.5%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: -64%
AAnnual EarningsfailCAGR: 0%
NNew Highs / CatalystspassNear 52w High
SSupply & DemandneutralFloat: 137%
LLeader vs LaggardpassRS: 6
IInstitutional SponsorshippassInst: 26%
MMarket DirectionneutralNeutral

Sector: Energy

Ranked #77 of 77 · Sector avg: 49

View all Energy signals →
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