Know everything on Empire Energy Group (ASX: EEG) share price forecast from 2025 to 2055

Empire Energy Group Ltd (ASX: EEG) is a prominent player in the Australian oil and gas sector, particularly known for its exploration and production activities in the Northern Territory and Queensland. Empire Energy Group (ASX: EEG) share price forecast has increased the probability of the company to grow as it is focused on developing its significant gas resources in the Beetaloo Sub-Basin, a region that has been highlighted as a potential energy hub in Australia.

The company has also undergone various capital raisings, including securities issuances and placements, which have helped fund its exploration activities. This has ensured a steady flow of investments, even as Empire Energy works towards increasing its asset base and revenue generation potential.

Forecasting the share price of Empire Energy Group (ASX: EEG) from 2025 to 2055 involves analysing multiple factors, such as the company’s operational performance, market trends in the oil and gas industry, and macroeconomic conditions.

Empire Energy Group (ASX: EEG) share price forecast: Stock performance 

The company has faced challenges in profitability, reporting a net income loss of AUD 16.09 million in the past year. However, its revenues primarily come from gas sales, and any improvements in global energy prices or successful exploration could positively impact its financial outlook

 The energy sector is heavily influenced by fluctuations in oil and gas prices, as well as the transition to renewable energy sources. These external factors could affect Empire Energy’s long-term stock price. Currently, EEG’s price sits around AUD 0.24, with a significant growth of 71% over the past year 

The company operates in a volatile sector, with factors such as regulatory changes, exploration success, and international energy market dynamics likely to play a large role in its future valuation. 

While it’s difficult to predict specific share prices for a 30-year period, Empire Energy Group’s future will likely depend on its success in exploration, market conditions, and how it navigates shifts in global energy demand. Investing in the stock could offer substantial returns if the company’s projects, like those in the Beetaloo basin, reach production. However, there are risks given its current losses and the industry’s volatility.

Empire Energy Group (ASX: EEG) share price forecast: Stock Performance

As of 2024, Empire Energy’s stock has been trading around AUD 0.24 with a market capitalization of AUD 244 million. Over the past year, the stock has seen significant price fluctuations, growing by 71% in 2023 due to investor optimism surrounding its Beetaloo Basin gas prospects. The stock is characterized by volatility, largely driven by the company’s exploration results and market sentiment around natural gas prices.

 Investors in Empire Energy are primarily focused on the company’s potential for long-term growth through gas production in the Beetaloo Basin. While the company has reported significant losses recently (a net loss of AUD 16 million in 2024), the long-term value is tied to successful commercialization of its gas projects. Empire Energy’s shares are considered speculative, with analysts and investors keeping a close eye on exploration updates and regulatory developments regarding gas production in the Northern Territory.

Empire Energy Group (ASX: EEG) share price forecast: History

Empire Energy Group Limited is an Australian-based energy company involved in the exploration and production of oil and natural gas. The company operates primarily in two segments: the Northern Territory of Australia and U.S. operations, where it holds assets in both regions. Established in 1981, the company has shifted its focus towards gas exploration in Australia in recent years, especially in high-potential areas like the Beetaloo Sub-basin and McArthur Basin, which are known for their vast shale gas resources 

The company’s primary focus lies in the Northern Territory, where it holds significant acreage in some of the most prospective gas regions in Australia. The Beetaloo Basin, in particular, is a strategic asset, as the region is seen as one of Australia’s most promising sources of natural gas. Empire Energy holds 100% working interests in approximately 28.9 million acres of petroleum exploration tenements 

In addition to its Australian assets, Empire Energy operates in the U.S. through the production and sale of oil and natural gas in states such as Pennsylvania and New York. These assets, though smaller in scale compared to the Australian projects, contribute to the company’s current revenue streams.

DateHigh (AUD) Low (AUD)
January 20200.460.17
January 20210.340.28
January 20220.420.32
January 20230.190.16
January 20240.160.16
August 20240.240.19

Empire Energy Group (ASX: EEG) share price forecast: 2025-2055

Empire Energy Group (ASX: EEG) share price forecast can achieve new heights of their hike this can help the companies to establish trust in the share market story.

Yearopenhigh
Empire Energy Group (ASX: EEG) share price forecast 20250.190.25
Empire Energy Group (ASX: EEG) share price forecast 20260.220.26
Empire Energy Group (ASX: EEG) share price forecast 20270.260.269
Empire Energy Group (ASX: EEG) share price forecast 20280.260.31
Empire Energy Group (ASX: EEG) share price forecast 20290.280.33
Empire Energy Group (ASX: EEG) share price forecast 20300.310.37
Empire Energy Group (ASX: EEG) share price forecast 20350.3520.39
Empire Energy Group (ASX: EEG) share price forecast 20400.420.47
Empire Energy Group (ASX: EEG) share price forecast 20450.4950.564
Empire Energy Group (ASX: EEG) share price forecast 20550.5790.613

Empire Energy Group (ASX: EEG) share price forecast: 2024

The price prediction for the  Empire Energy Group (ASX: EEG) for the year 2024 can vary from 0.09 AUD- 0.19 AUD.

Date High (AUD)Low (AUD)
January 20240.190.19
February 20240.190.08
March 20240.090.09
April 20240.110.09
May 20240.160.08
June 20240.190.09
July 20240.160.13
August 2024 0.240.19

Empire Energy Group (ASX: EEG) share price forecast : 2025

The price prediction for the Empire Energy Group (ASX: EEG)  for the year 2025 can vary from 0.19 AUD- 0.25 AUD.

DateHigh (AUD)Low (AUD)
FY20250.250.19

Empire Energy Group (ASX: EEG) share price forecast: 2026

The price prediction for the Empire Energy Group (ASX: EEG) for the year 2026 can vary from 0.22 AUD- 0.26 AUD. 

YearOpen (AUD)High (AUD)
FY20260.220.26

Empire Energy Group (ASX: EEG) share price forecast: 2030

The price prediction for the Empire Energy Group (ASX: EEG) for the year 2030 can vary from 0.31 AUD- 0.37 AUD.

YearOpen (AUD)High (AUD)
FY20300.310.37

Empire Energy Group (ASX: EEG) share price forecast : 2035

The price prediction for the  Empire Energy Group (ASX: EEG) for the year 2035 can vary from 0.352 AUD- 0.359 AUD.

DateHigh (AUD)Low (AUD)
FY20350.3590.352

Empire Energy Group (ASX: EEG) share price forecast: 2040

The price prediction for the  Empire Energy Group (ASX: EEG)  for the year 2040 can vary from 0.42 AUD- 0.48 AUD.

YearOpen (AUD)High (AUD)
FY20400.420.48

Empire Energy Group (ASX: EEG) share price forecast: 2045

The price prediction for the Empire Energy Group (ASX: EEG) for the year 2045 can vary from 0.495 AUD-0.564 AUD.

DateHigh (AUD)Low (AUD)
FY20450.5640.495

Empire Energy Group (ASX: EEG) share price forecast: 2050

The price prediction for the  Empire Energy Group (ASX: EEG) for the year 2050 can vary from 0.476 AUD-0.534 AUD.

YearOpen (AUD)High (AUD)
FY20500.4760.534

Empire Energy Group (ASX: EEG) share price forecast: 2055

The price prediction for the  Empire Energy Group (ASX: EEG) for the year 2055 can vary from 0.579 AUD-0.613 AUD.

DateHigh (AUD)Low (AUD)
FY20550.6130.579

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Empire Energy Group (ASX: EEG) share price forecast: Valuation measures 

Market Cap 244.12M
Enterprise Value 240.23M
Trailing P/E
Forward P/E
PEG ratio (5 yr expected)
Price/Sales 30.49
Price/Book2.17
Enterprise Value/Revenue39.48
Enterprise Value/ EBITDA-7.41

Empire Energy Group (ASX: EEG) share price forecast: Financial Highlights 

Profitability And income statement 

Profit Margin 0.00%
Return on Asssets (ttm)-6.93%
Return on equity (ttm)-17.96%
Revenue (ttm)6.09M
Net income Avi to common (ttm)-22.08M
Diluted EPS (ttm)-0.0300

Empire Energy Group (ASX: EEG) share price forecast : Balance Sheet and cash Flow

Total cash (mrq)13.63M
Total Debt/Equity (mrq)8.68%
Levered Free cash Flow (ttm)-23.61M

Empire Energy Group (ASX: EEG) share price forecast : Investors advice 

 The company has faced challenges in maintaining profitability, with revenues dropping by 55% year-over-year in 2023. Ongoing operational losses highlight the financial risks involved in oil and gas exploration. 

Like many oil and gas companies, Empire Energy faces regulatory risks, particularly regarding environmental concerns in sensitive areas like the Beetaloo Basin. Regulatory changes that favor renewable energy or impose stricter environmental standards could impact the company’s ability to bring projects to production.

If Empire Energy successfully navigates its exploration phase and begins commercial production, it has the potential to significantly contribute to Australia’s energy exports. This could result in a substantial increase in its stock value, as the company taps into the growing demand for LNG in Asia and beyond.

Conclusion 

Empire Energy Group’s contribution to the share market is rooted in its long-term potential to unlock vast gas reserves in Australia’s Northern Territory. While the stock is speculative, driven by exploration success, its strategic assets in one of the world’s most promising gas basins provide the company with significant upside potential. However, ongoing financial challenges and market volatility pose risks for investors, making it a stock to watch for those interested in energy exploration.

The long-term share price forecast (2025 to 2055) will largely depend on global energy trends, the transition to cleaner energy, and the company’s ability to scale its operations while managing the regulatory and environmental challenges associated with gas production. Investors are closely watching the Beetaloo Sub-Basin developments, as it could be a game-changer for the company’s valuation 

Empire Energy Group (ASX: EEG) share price forecast : FAQS 

what is the share price of Empire Energy Group (EEG)

0.24 AUD as on September 14, 2024.

what are the factors affecting share price of Empire energy group?

The key factors affecting the share price of Empire Energy Group include financial performance, industry trends, market sentiment, and regulatory environment.

what type of company is Empire Energy Group?

Empire Energy Group is an oil and gas exploration and production company.

Disclaimer

This article only contains information for educational and informational purposes. It should not be interpreted as investment or financial advice. There are risks associated with investing in the stock market, and the value of investments can fluctuate. Before making any investment decisions, readers should conduct their own research or speak with a financial advisor. Any losses or damages incurred as a result of using the information provided are beyond the control of the article’s author and publisher. Performance in the past does not guarantee success in the future.

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