CARNARVON ENERGY LIMITED (CVN)
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CVN

CVN - CARNARVON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: -0.09
Index: ALL-ORDS

Carnarvon Petroleum is an Australian oil and gas explorer operating in Western Australia's North West Shelf. The company has been listed since 1984.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.10

01 Sep
2025

0.000

OPEN

$0.10

0.000

HIGH

$0.10

0

LOW

$0.10

TARGET
$0.14

-0.04 change from previous day

 40.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
CVN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 0.0 N/A xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx15.2
Net Operating Cash Flow xxxxxxxxxxxxxxx6.0 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx1.36 %
Return on Invested Capital xxxxxxxxxxxxxxx1.36 %
Return on Assets xxxxxxxxxxxxxxx1.34 %
Return on Equity xxxxxxxxxxxxxxx1.36 %
Return on Total Capital xxxxxxxxxxxxxxx-1.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx186 M
Price To Book Value xxxxxxxxxxxxxxx0.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2.9 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

07/05/2025

3

Hold

$0.14

40.00%

Ord Minnett has downgraded its crude oil price forecasts to US$60/bbl from US$70/bbl in 2025, and to US$70/bbl from US$80/bbl in 2026.

The broker assumes an AUD/USD rate of 63c for 2025 and 65c for 2026. Further out, the oil price is expected to revert to the US$70–US$80/bbl range, as a higher price will be needed to boost investment in new supply.

Ord Minnett’s analysis also suggests the average time for oil prices to bottom from a peak in the cycle is around five months, and therefore recommends investors “buy the dips” on selective stocks.

Karoon Energy ((KAR)) is Buy rated, along with Santos ((STO)) and Woodside Energy((WDS)), which has been upgraded from Hold.

The broker also favours refiners Ampol ((ALD)) and Viva Energy ((VEA)), both Buy rated. 

Target price for Carnarvon Energy is set at 14c, with EPS estimates cut by -3.8% and -12.8% for FY25/FY26, respectively. No change to Hold rating.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Jarden

24/07/2025

2

Overweight

$0.15

50.00%

Jarden notes Carnarvon Energy is going to become the largest shareholder in Perth Basin company Strike Energy ((STX)) by acquiring a 19.9% stake for -$89m at a discounted price of 12c per share.

The analyst views the move as surprising given the company had only just pivoted to possibly returning cash to shareholders and retaining cash for investment in Dorado oil and gas field development.

Overweight. Target set at 15c.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.20 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.20 cents.
Access Extra Coverage Research History >

CVN STOCK CHART

FNArena News on CVN

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 15-08-25

Aug 15 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 14, 2025

Aug 14 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 06, 2025

Aug 06 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jul 24, 2025

Jul 24 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports

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