Birchcliff Energy（39B）株式概要バーチクリフ・エナジー社は石油・天然ガスの中間企業で、カナダ西部で天然ガス、軽油、コンデンセート、その他天然ガス液化物の探鉱・開発・生産を行っている。 詳細39B ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績1/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より38.7%で取引されている 収益は年間11%増加すると予測されています アナリストらは、株価が27.1%上昇するだろうとほぼ一致している。 リスク分析過去5年間で収益は年間30.9%減少しました。 不安定な配当実績 利益率(9.6%)は昨年より低い(21.4%) すべてのリスクチェックを見る39B Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€4.1919.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-121m1b2016201920222025202620282031Revenue CA$1.2bEarnings CA$116.4mAdvancedSet Fair ValueView all narrativesBirchcliff Energy Ltd. 競合他社Deutsche RohstoffSymbol: XTRA:DR0Market cap: €503.0mFriedrich Vorwerk GroupSymbol: XTRA:VH2Market cap: €1.2bEnviTec BiogasSymbol: XTRA:ETGMarket cap: €298.5mSabine Royalty TrustSymbol: NYSE:SBRMarket cap: US$1.1b価格と性能株価の高値、安値、推移の概要Birchcliff Energy過去の株価現在の株価CA$4.1952週高値CA$4.9452週安値CA$3.46ベータ0.221ヶ月の変化7.27%3ヶ月変化-7.81%1年変化-6.80%3年間の変化-18.72%5年間の変化49.68%IPOからの変化3,392.50%最新ニュースUpcoming Dividend • Jun 08Upcoming dividend of CA$0.03 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%).Declared Dividend • May 20First quarter dividend of CA$0.03 announcedShareholders will receive a dividend of CA$0.03. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 15+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2026Birchcliff Energy Ltd. reaffirmed production guidance for the year 2026. For the year, the company expects annual average production of 81,000 boe/d to 84,000 boe/d. d F&D capital expenditures guidance of CAD 325 million to CAD 375 million are unchanged, with production expected to reach ~87,500 boe/d in Fourth Quarter 2026 at the high end of capital spending.お知らせ • Mar 03Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026.お知らせ • Feb 12Birchcliff Energy Ltd. Appoints Chris Carlsen to the Board of Directors, Effective February 11, 2026Birchcliff Energy Ltd. announced that Chris Carlsen has been appointed to the board of directors of the Corporation, effective February 11, 2026.お知らせ • Jan 22+ 2 more updatesBirchcliff Energy Ltd. to Report Fiscal Year 2025 Results on Feb 11, 2026Birchcliff Energy Ltd. announced that they will report fiscal year 2025 results on Feb 11, 2026最新情報をもっと見るRecent updatesUpcoming Dividend • Jun 08Upcoming dividend of CA$0.03 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%).Declared Dividend • May 20First quarter dividend of CA$0.03 announcedShareholders will receive a dividend of CA$0.03. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 15+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2026Birchcliff Energy Ltd. reaffirmed production guidance for the year 2026. For the year, the company expects annual average production of 81,000 boe/d to 84,000 boe/d. d F&D capital expenditures guidance of CAD 325 million to CAD 375 million are unchanged, with production expected to reach ~87,500 boe/d in Fourth Quarter 2026 at the high end of capital spending.お知らせ • Mar 03Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026.お知らせ • Feb 12Birchcliff Energy Ltd. Appoints Chris Carlsen to the Board of Directors, Effective February 11, 2026Birchcliff Energy Ltd. announced that Chris Carlsen has been appointed to the board of directors of the Corporation, effective February 11, 2026.お知らせ • Jan 22+ 2 more updatesBirchcliff Energy Ltd. to Report Fiscal Year 2025 Results on Feb 11, 2026Birchcliff Energy Ltd. announced that they will report fiscal year 2025 results on Feb 11, 2026お知らせ • Nov 13+ 1 more updateBirchcliff Energy Ltd. Revises Production Guidance for the Full Year 2025 and Provides Production Guidance for the Fourth Quarter of 2025Birchcliff Energy Ltd. revised production guidance for the full year of 2025 and Provides Production Guidance for the Fourth Quarter of 2025. As a result of asset outperformance and strong operational execution in 2025, the company are increasing 2025 full-year production guidance to 79,000 to 80,000 boe/d (previously 76,000 to 79,000 boe/d), with Fourth Quarter 2025 production expected to average approximately 81,500 boe/d. Birchcliff expects to generate significant free funds flow in Fourth Quarter 2025, which will be primarily used to reduce total debt by approximately 14% from year end 2024. Birchcliff’s Fourth Quarter 2025 production is expected to average approximately 81,500 boe/d.お知らせ • Nov 01Birchcliff Energy Ltd. announced that it has received CAD 0.86 million in fundingBirchcliff Energy Ltd. announced a non-brokered private placement to issue 43,000,000 shares at an issue price of CAD 0.02 per share for gross proceeds of CAD 860,000 on October 31, 2025. The common shares issued pursuant to the offering are subject to a hold period of four months and a day from the date of closing of the offering. No finders' fees were paid in connection with the offering.お知らせ • Aug 14+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2025Birchcliff Energy Ltd. reaffirmed production guidance for the year 2025. For the year, the company expects annual average production of 76,000 boe/d to 79,000 boe/d.お知らせ • May 15+ 1 more updateBirchcliff Energy Ltd. Declares Dividend for the Second Quarter Ending June 30, 2025, Payable on June 30, 2025Birchcliff’s board of directors has declared a quarterly cash dividend of $0.03 per common share for the quarter ending June 30, 2025. The dividend will be payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025.お知らせ • Mar 04Birchcliff Energy Ltd., Annual General Meeting, May 15, 2025Birchcliff Energy Ltd., Annual General Meeting, May 15, 2025.お知らせ • Jan 23+ 1 more updateBirchcliff Energy Ltd. Announces Annual Base Dividend Rate and Declares Dividend for First Quarter Ending March 31, 2025, Payable on March 31, 2025Birchcliff Energy Ltd. announced that the Board has approved an annual base dividend of $0.12 per common share for 2025. This annual base dividend will be declared and paid quarterly at the rate of $0.03 per common share, at the discretion of the Board. In connection therewith, the Board has declared a quarterly cash dividend of $0.03 per common share for the quarter ending March 31, 2025. The dividend will be payable on March 31, 2025 to shareholders of record at the close of business on March 14, 2025. The dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada).Reported Earnings • Nov 15Third quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.057 profit in 3Q 2023)Third quarter 2024 results: CA$0.04 loss per share (down from CA$0.057 profit in 3Q 2023). Revenue: CA$144.1m (down 15% from 3Q 2023). Net loss: CA$10.5m (down 169% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Nov 15+ 1 more updateBirchcliff Energy Ltd. Updates Production Guidance for the Year 2024 and Provides Preliminary Production Guidance for the Year 2025Birchcliff Energy Ltd. updated production guidance for the year 2024 and provides preliminary production guidance for the year 2025. The company maintaining its annual average production guidance of 75,000 boe/d to 77,000 boe/d against the previously forecasted 75,000 boe/d to 77,000 boe/d. Based on its preliminary budgeting process for 2025 and current commodity price outlook, company is targeting annual average production of 76,000 boe/d to 79,000 boe/d in 2025.Upcoming Dividend • Sep 06Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%).Declared Dividend • Aug 18Second quarter dividend of CA$0.10 announcedShareholders will receive a dividend of CA$0.10. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 9.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (392% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 336% to bring the payout ratio under control. EPS is expected to grow by 112% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: CA$0.17 (vs CA$0.16 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.17 (up from CA$0.16 in 2Q 2023). Revenue: CA$221.8m (up 31% from 2Q 2023). Net income: CA$46.4m (up 8.5% from 2Q 2023). Profit margin: 21% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Aug 15Birchcliff Energy Ltd. Maintains Production Guidance for the Year 2024Birchcliff Energy Ltd. maintains production guidance for the year 2024. The company currently expects to deliver annual average production 75,000 to 77,000 boe/d to reflect the outperformance of its capital program year-to-date.Buy Or Sell Opportunity • Aug 06Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.8% to €3.64. The fair value is estimated to be €4.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 4.5%.Upcoming Dividend • Jun 07Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%).Declared Dividend • May 20First quarter dividend of CA$0.10 announcedShareholders will receive a dividend of CA$0.10. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 11%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 456% to bring the payout ratio under control. EPS is expected to grow by 93% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • May 16First quarter 2024 earnings released: CA$0.06 loss per share (vs CA$0.16 loss in 1Q 2023)First quarter 2024 results: CA$0.06 loss per share (improved from CA$0.16 loss in 1Q 2023). Revenue: CA$130.2m (down 31% from 1Q 2023). Net loss: CA$15.0m (loss narrowed 65% from 1Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.お知らせ • May 16+ 1 more updateBirchcliff Energy Ltd. Maintains Production Guidance for the Year 2024Birchcliff Energy Ltd. maintains production guidance for the year 2024. The company currently expects to deliver annual average production of 74,000 to 77,000 boe/d against previous guidance of 74,000 to 77,000 boe/d.Reported Earnings • Mar 14Full year 2023 earnings released: EPS: CA$0.04 (vs CA$2.46 in FY 2022)Full year 2023 results: EPS: CA$0.04 (down from CA$2.46 in FY 2022). Revenue: CA$624.5m (down 56% from FY 2022). Net income: CA$9.78m (down 99% from FY 2022). Profit margin: 1.6% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year.お知らせ • Mar 14Birchcliff Energy Ltd. to Report Q1, 2024 Results on May 15, 2024Birchcliff Energy Ltd. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 15, 2024Upcoming Dividend • Mar 07Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%).お知らせ • Mar 02Birchcliff Energy Ltd., Annual General Meeting, May 16, 2024Birchcliff Energy Ltd., Annual General Meeting, May 16, 2024.Recent Insider Transactions • Jan 23Independent Director recently bought €174k worth of stockOn the 19th of January, Cameron Proctor bought around 50k shares on-market at roughly €3.47 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €290k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €3.35, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 175% over the past three years.Declared Dividend • Jan 21Third quarter dividend of CA$0.10 announcedShareholders will receive a dividend of CA$0.10. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 15%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio) nor is it covered by cash flows (194% cash payout ratio). The dividend has increased by an average of 35% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 116% to bring the payout ratio under control. EPS is expected to grow by 147% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jan 18+ 2 more updatesBirchcliff Energy Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024Birchcliff Energy Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024Upcoming Dividend • Dec 07Upcoming dividend of CA$0.20 per share at 13% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.9%).Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: CA$0.057 (vs CA$0.92 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.057 (down from CA$0.92 in 3Q 2022). Revenue: CA$168.9m (down 44% from 3Q 2022). Net income: CA$15.1m (down 94% from 3Q 2022). Profit margin: 8.9% (down from 82% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 40% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 55% per year.お知らせ • Nov 15+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2023; Provides Production Guidance for the Year 2024Birchcliff Energy Ltd. reaffirmed production guidance for the year 2023. The Corporation is re-affirming its annual average production guidance at approximately 77,000 boe/d for 2023. Corporation currently expects to deliver annual average production of 77,000 to 79,000 boe/d in 2024.お知らせ • Oct 05+ 1 more updateBirchcliff Energy Ltd. Announces Chief Executive Officer ChangesBirchcliff Energy Ltd. announced that, as part of its orderly and planned leadership succession process, Jeff Tonken will retire as Chief Executive Officer effective December 31, 2023 and Chris Carlsen, currently the President and Chief Operating Officer of Birchcliff, has been appointed as President and Chief Executive Officer effective January 1, 2024. Mr. Tonken will remain as the Chairman of the Board of Directors (the ‘Board’). Effective January 1, 2024, Birchcliff’s Executive Team will be as follows: Chris Carlsen – President and Chief Executive Officer; Bruno Geremia – Executive Vice President and Chief Financial Officer; Theo van der Werken – Chief Operating Officer; Robyn Bourgeois – Vice President, Legal, General Counsel and Corporate Secretary; Duane Thompson – Vice President, Operations; Hue Tran – Vice President, Business Development and Marketing.Buying Opportunity • Sep 14Now 21% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be €6.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable.Upcoming Dividend • Sep 07Upcoming dividend of CA$0.20 per share at 9.4% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 9.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%).New Risk • Aug 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 27% Last year net profit margin: 48% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (27% net profit margin). Significant insider selling over the past 3 months (€402k sold).お知らせ • Aug 11Birchcliff Energy Ltd. Announces Cash Dividend for the Quarter Ending September 30, 2023, Payable on September 29, 2023Birchcliff Energy Ltd. announced its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending September 30, 2023. The dividend will be payable on September 29, 2023 to shareholders of record at the close of business on September 15, 2023. The ex-dividend date is September 14, 2023.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: CA$0.16 (vs CA$0.81 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.16 (down from CA$0.81 in 2Q 2022). Revenue: CA$204.7m (down 54% from 2Q 2022). Net income: CA$42.8m (down 80% from 2Q 2022). Profit margin: 21% (down from 48% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.4% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 83% per year whereas the company’s share price has increased by 86% per year.New Risk • Jul 03New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €412k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€412k sold).Recent Insider Transactions • Jul 02Executive Vice President of Operations recently sold €402k worth of stockOn the 29th of June, David Humphreys sold around 75k shares on-market at roughly €5.35 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €109k more than they sold in the last 12 months.Upcoming Dividend • Jun 07Upcoming dividend of CA$0.20 per share at 10% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).Reported Earnings • May 11First quarter 2023 earnings released: CA$0.16 loss per share (vs CA$0.47 profit in 1Q 2022)First quarter 2023 results: CA$0.16 loss per share (down from CA$0.47 profit in 1Q 2022). Revenue: CA$89.6m (down 66% from 1Q 2022). Net loss: CA$42.5m (down 134% from profit in 1Q 2022). Revenue is expected to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 93% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Apr 23CFO & Executive VP recently bought €62k worth of stockOn the 20th of April, Bruno Geremia bought around 11k shares on-market at roughly €5.42 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bruno has been a buyer over the last 12 months, purchasing a net total of €89k worth in shares.Reported Earnings • Mar 17Full year 2022 earnings released: EPS: CA$2.46 (vs CA$1.17 in FY 2021)Full year 2022 results: EPS: CA$2.46 (up from CA$1.17 in FY 2021). Revenue: CA$1.41b (up 61% from FY 2021). Net income: CA$656.8m (up 112% from FY 2021). Profit margin: 47% (up from 35% in FY 2021). The increase in margin was driven by higher revenue. Oil reserves and sales price Proven reserves: 12.634 MMbbls Average sales price/bbl: US$120 Gas reserves and sales price Proven reserves: 2993.658 Bcf Average sales price/mcf: US$6.73 LNG reserves and sales price Proven reserves: 68.263 MMbbls Average sales price/bbl: US$41.09 Combined production and costs Oil equivalent production: 28.078 MMboe (28.661 MMboe in FY 2021) Average production cost/Boe: US$3.62 (US$3.19/Boe in FY 2021) Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Mar 07Upcoming dividend of CA$0.20 per share at 9.2% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%).Recent Insider Transactions • Mar 01Executive Vice President of Operations recently bought €58k worth of stockOn the 27th of February, David Humphreys bought around 10k shares on-market at roughly €5.83 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €132k. Insiders have collectively bought €888k more in shares than they have sold in the last 12 months.お知らせ • Jan 19Birchcliff Energy Ltd. Announces Cash Dividend for the Quarter Ending March 31, 2023, Payable on March 31, 2023Birchcliff Energy Ltd. announced that its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending March 31, 2023, which represents a 10-fold increase over the previous quarterly dividend of $0.02 per common share. The dividend will be payable on March 31, 2023 to shareholders of record at the close of business on March 15, 2023. The ex-dividend date is March 14, 2023.Recent Insider Transactions • Dec 22Non-Independent Director recently bought €62k worth of stockOn the 20th of December, James Surbey bought around 10k shares on-market at roughly €6.21 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €132k. Insiders have collectively bought €932k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Dec 11Chairman & CEO recently bought €132k worth of stockOn the 8th of December, A. Tonken bought around 19k shares on-market at roughly €6.79 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. A. has been a buyer over the last 12 months, purchasing a net total of €196k worth in shares.Upcoming Dividend • Dec 07Upcoming dividend of CA$0.02 per shareEligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.0%).Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Stacey McDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: CA$0.92 (vs CA$0.52 in 3Q 2021)Third quarter 2022 results: EPS: CA$0.92 (up from CA$0.52 in 3Q 2021). Revenue: CA$454.2m (up 79% from 3Q 2021). Net income: CA$245.6m (up 78% from 3Q 2021). Profit margin: 54% (in line with 3Q 2021). Revenue is expected to fall by 4.3% p.a. on average during the next 2 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €7.13, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 419% over the past three years.Upcoming Dividend • Sep 07Upcoming dividend of CA$0.02 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%).Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 677% over the past three years.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: CA$0.81 (vs CA$0.17 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.81 (up from CA$0.17 in 2Q 2021). Revenue: CA$409.4m (up 129% from 2Q 2021). Net income: CA$214.9m (up 390% from 2Q 2021). Profit margin: 53% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 43% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 82% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jun 22Executive Vice President of Operations recently bought €465k worth of stockOn the 17th of June, David Humphreys bought around 60k shares on-market at roughly €7.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €641k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €7.43, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 334% over the past three years.Upcoming Dividend • Jun 07Upcoming dividend of CA$0.02 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 1.9% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%).Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 260% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.97 per share.Reported Earnings • May 13First quarter 2022 earnings released: EPS: CA$0.47 (vs CA$0.083 in 1Q 2021)First quarter 2022 results: EPS: CA$0.47 (up from CA$0.083 in 1Q 2021). Revenue: CA$294.6m (up 67% from 1Q 2021). Net income: CA$126.8m (up 472% from 1Q 2021). Profit margin: 43% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Stacey McDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to €6.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.21 per share.Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CA$1.17 (up from CA$0.23 loss in FY 2020). Revenue: CA$941.8m (up 80% from FY 2020). Net income: CA$314.7m (up CA$376.7m from FY 2020). Profit margin: 33% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 43% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 07Upcoming dividend of CA$0.01 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 2.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.7%).Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.64 per share.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Stacey McDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Dec 07Upcoming dividend of CA$0.01 per shareEligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 2.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.4%).Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS CA$0.52 (vs CA$0.067 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$321.2m (up 124% from 3Q 2020). Net income: CA$139.4m (up CA$157.1m from 3Q 2020). Profit margin: 43% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to €3.36, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.71 per share.Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS CA$0.17 (vs CA$0.15 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$179.2m (up 70% from 2Q 2020). Net income: CA$43.9m (up CA$83.4m from 2Q 2020). Profit margin: 25% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 16First quarter 2021 earnings released: EPS CA$0.083 (vs CA$0.17 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$179.0m (up 46% from 1Q 2020). Net income: CA$22.2m (up CA$67.4m from 1Q 2020). Profit margin: 12% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 13Full year 2020 earnings released: CA$0.23 loss per share (vs CA$0.22 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$524.0m (down 14% from FY 2019). Net loss: CA$62.0m (loss widened 4.1% from FY 2019). Oil reserves and sales price Proven reserves: 17.222 MMbbls Average sales price/bbl: US$42.39 Gas reserves and sales price Proven reserves: 3311.226 Bcf Average sales price/mcf: US$2.49 LNG reserves and sales price Proven reserves: 78.253 MMbbls Average sales price/bbl: US$28.49 Combined production and costs Oil equivalent production: 27.886 MMboe (28.462 MMboe in FY 2019) Average production cost/Boe: US$2.95 (US$3.09/Boe in FY 2019) Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 36%, compared to a 35% growth forecast for the Oil and Gas industry in Germany.Is New 90 Day High Low • Feb 03New 90-day high: €1.53The company is up 31% from its price of €1.17 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 62% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.08 per share.Is New 90 Day High Low • Jan 14New 90-day high: €1.43The company is up 22% from its price of €1.17 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.57 per share.Reported Earnings • Nov 13Third quarter 2020 earnings released: CA$0.07 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: CA$101.8m (down 19% from 3Q 2019). Net loss: CA$16.6m (loss narrowed 65% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 26% per year.Is New 90 Day High Low • Nov 09New 90-day high: €1.32The company is up 40% from its price of €0.94 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.27 per share.Recent Insider Transactions • Oct 31VP of Exploration & COO recently bought €63k worth of stockOn the 28th of October, Myles Bosman bought around 52k shares on-market at roughly €1.21 per share. This was the largest purchase by an insider in the last 3 months. Myles has been a buyer over the last 12 months, purchasing a net total of €79k worth in shares.Is New 90 Day High Low • Oct 15New 90-day high: €1.11The company is up 52% from its price of €0.73 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.13 per share.Is New 90 Day High Low • Sep 19New 90-day high: €1.09The company is up 56% from its price of €0.70 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 58% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.00 per share.株主還元39BDE Oil and GasDE 市場7D-0.5%-4.9%-3.0%1Y-6.8%47.3%-0.7%株主還元を見る業界別リターン: 39B過去 1 年間で47.3 % の収益を上げたGerman Oil and Gas業界を下回りました。リターン対市場: 39Bは、過去 1 年間で-0.7 % のリターンを上げたGerman市場を下回りました。価格変動Is 39B's price volatile compared to industry and market?39B volatility39B Average Weekly Movement6.9%Oil and Gas Industry Average Movement9.6%Market Average Movement5.9%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%安定した株価: 39B 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 39Bの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2004224Chris Carlsenwww.birchcliffenergy.comバーチクリフ・エナジー社は石油・天然ガスの中間企業で、カナダ西部で天然ガス、軽油、コンデンセート、その他天然ガス液化物の探鉱・開発・生産を行っている。同社はアルバータ州グランドプレーリーの北西に位置するプースクープ鉱区の91％、および同州グランドプレーリーの北西に位置するゴードンデール鉱区の75％の権益を保有している。また、アルバータ州グランドプレーリーの西と北西に位置するエルムワース地域の権益も保有している。バーチクリフ・エナジー社の本社はカナダ・カルガリーにある。もっと見るBirchcliff Energy Ltd. 基礎のまとめBirchcliff Energy の収益と売上を時価総額と比較するとどうか。39B 基礎統計学時価総額€1.15b収益（TTM）€42.76m売上高(TTM)€443.30m26.3xPER（株価収益率2.5xP/Sレシオ39B は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計39B 損益計算書（TTM）収益CA$716.53m売上原価CA$258.17m売上総利益CA$458.36mその他の費用CA$389.25m収益CA$69.11m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.25グロス・マージン63.97%純利益率9.65%有利子負債／自己資本比率18.4%39B の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.8%現在の配当利回り47%配当性向39B 配当は確実ですか？39B 配当履歴とベンチマークを見る39B 、いつまでに購入すれば配当金を受け取れますか？Birchcliff Energy 配当日配当落ち日Jun 15 2026配当支払日Jun 30 2026配当落ちまでの日数2 days配当支払日までの日数17 days39B 配当は確実ですか？39B 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 18:37終値2026/06/11 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Birchcliff Energy Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Patrick O'RourkeATB CormarkRandy OllenbergerBMO Capital Markets Equity ResearchMichael MuellerCanaccord Genuity15 その他のアナリストを表示
Upcoming Dividend • Jun 08Upcoming dividend of CA$0.03 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%).
Declared Dividend • May 20First quarter dividend of CA$0.03 announcedShareholders will receive a dividend of CA$0.03. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 15+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2026Birchcliff Energy Ltd. reaffirmed production guidance for the year 2026. For the year, the company expects annual average production of 81,000 boe/d to 84,000 boe/d. d F&D capital expenditures guidance of CAD 325 million to CAD 375 million are unchanged, with production expected to reach ~87,500 boe/d in Fourth Quarter 2026 at the high end of capital spending.
お知らせ • Mar 03Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026.
お知らせ • Feb 12Birchcliff Energy Ltd. Appoints Chris Carlsen to the Board of Directors, Effective February 11, 2026Birchcliff Energy Ltd. announced that Chris Carlsen has been appointed to the board of directors of the Corporation, effective February 11, 2026.
お知らせ • Jan 22+ 2 more updatesBirchcliff Energy Ltd. to Report Fiscal Year 2025 Results on Feb 11, 2026Birchcliff Energy Ltd. announced that they will report fiscal year 2025 results on Feb 11, 2026
Upcoming Dividend • Jun 08Upcoming dividend of CA$0.03 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.5%).
Declared Dividend • May 20First quarter dividend of CA$0.03 announcedShareholders will receive a dividend of CA$0.03. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 15+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2026Birchcliff Energy Ltd. reaffirmed production guidance for the year 2026. For the year, the company expects annual average production of 81,000 boe/d to 84,000 boe/d. d F&D capital expenditures guidance of CAD 325 million to CAD 375 million are unchanged, with production expected to reach ~87,500 boe/d in Fourth Quarter 2026 at the high end of capital spending.
お知らせ • Mar 03Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026Birchcliff Energy Ltd., Annual General Meeting, May 14, 2026.
お知らせ • Feb 12Birchcliff Energy Ltd. Appoints Chris Carlsen to the Board of Directors, Effective February 11, 2026Birchcliff Energy Ltd. announced that Chris Carlsen has been appointed to the board of directors of the Corporation, effective February 11, 2026.
お知らせ • Jan 22+ 2 more updatesBirchcliff Energy Ltd. to Report Fiscal Year 2025 Results on Feb 11, 2026Birchcliff Energy Ltd. announced that they will report fiscal year 2025 results on Feb 11, 2026
お知らせ • Nov 13+ 1 more updateBirchcliff Energy Ltd. Revises Production Guidance for the Full Year 2025 and Provides Production Guidance for the Fourth Quarter of 2025Birchcliff Energy Ltd. revised production guidance for the full year of 2025 and Provides Production Guidance for the Fourth Quarter of 2025. As a result of asset outperformance and strong operational execution in 2025, the company are increasing 2025 full-year production guidance to 79,000 to 80,000 boe/d (previously 76,000 to 79,000 boe/d), with Fourth Quarter 2025 production expected to average approximately 81,500 boe/d. Birchcliff expects to generate significant free funds flow in Fourth Quarter 2025, which will be primarily used to reduce total debt by approximately 14% from year end 2024. Birchcliff’s Fourth Quarter 2025 production is expected to average approximately 81,500 boe/d.
お知らせ • Nov 01Birchcliff Energy Ltd. announced that it has received CAD 0.86 million in fundingBirchcliff Energy Ltd. announced a non-brokered private placement to issue 43,000,000 shares at an issue price of CAD 0.02 per share for gross proceeds of CAD 860,000 on October 31, 2025. The common shares issued pursuant to the offering are subject to a hold period of four months and a day from the date of closing of the offering. No finders' fees were paid in connection with the offering.
お知らせ • Aug 14+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2025Birchcliff Energy Ltd. reaffirmed production guidance for the year 2025. For the year, the company expects annual average production of 76,000 boe/d to 79,000 boe/d.
お知らせ • May 15+ 1 more updateBirchcliff Energy Ltd. Declares Dividend for the Second Quarter Ending June 30, 2025, Payable on June 30, 2025Birchcliff’s board of directors has declared a quarterly cash dividend of $0.03 per common share for the quarter ending June 30, 2025. The dividend will be payable on June 30, 2025 to shareholders of record at the close of business on June 13, 2025.
お知らせ • Mar 04Birchcliff Energy Ltd., Annual General Meeting, May 15, 2025Birchcliff Energy Ltd., Annual General Meeting, May 15, 2025.
お知らせ • Jan 23+ 1 more updateBirchcliff Energy Ltd. Announces Annual Base Dividend Rate and Declares Dividend for First Quarter Ending March 31, 2025, Payable on March 31, 2025Birchcliff Energy Ltd. announced that the Board has approved an annual base dividend of $0.12 per common share for 2025. This annual base dividend will be declared and paid quarterly at the rate of $0.03 per common share, at the discretion of the Board. In connection therewith, the Board has declared a quarterly cash dividend of $0.03 per common share for the quarter ending March 31, 2025. The dividend will be payable on March 31, 2025 to shareholders of record at the close of business on March 14, 2025. The dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada).
Reported Earnings • Nov 15Third quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.057 profit in 3Q 2023)Third quarter 2024 results: CA$0.04 loss per share (down from CA$0.057 profit in 3Q 2023). Revenue: CA$144.1m (down 15% from 3Q 2023). Net loss: CA$10.5m (down 169% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 15+ 1 more updateBirchcliff Energy Ltd. Updates Production Guidance for the Year 2024 and Provides Preliminary Production Guidance for the Year 2025Birchcliff Energy Ltd. updated production guidance for the year 2024 and provides preliminary production guidance for the year 2025. The company maintaining its annual average production guidance of 75,000 boe/d to 77,000 boe/d against the previously forecasted 75,000 boe/d to 77,000 boe/d. Based on its preliminary budgeting process for 2025 and current commodity price outlook, company is targeting annual average production of 76,000 boe/d to 79,000 boe/d in 2025.
Upcoming Dividend • Sep 06Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%).
Declared Dividend • Aug 18Second quarter dividend of CA$0.10 announcedShareholders will receive a dividend of CA$0.10. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 9.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (392% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 336% to bring the payout ratio under control. EPS is expected to grow by 112% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: CA$0.17 (vs CA$0.16 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.17 (up from CA$0.16 in 2Q 2023). Revenue: CA$221.8m (up 31% from 2Q 2023). Net income: CA$46.4m (up 8.5% from 2Q 2023). Profit margin: 21% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Aug 15Birchcliff Energy Ltd. Maintains Production Guidance for the Year 2024Birchcliff Energy Ltd. maintains production guidance for the year 2024. The company currently expects to deliver annual average production 75,000 to 77,000 boe/d to reflect the outperformance of its capital program year-to-date.
Buy Or Sell Opportunity • Aug 06Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.8% to €3.64. The fair value is estimated to be €4.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 4.5%.
Upcoming Dividend • Jun 07Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%).
Declared Dividend • May 20First quarter dividend of CA$0.10 announcedShareholders will receive a dividend of CA$0.10. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 11%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 456% to bring the payout ratio under control. EPS is expected to grow by 93% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • May 16First quarter 2024 earnings released: CA$0.06 loss per share (vs CA$0.16 loss in 1Q 2023)First quarter 2024 results: CA$0.06 loss per share (improved from CA$0.16 loss in 1Q 2023). Revenue: CA$130.2m (down 31% from 1Q 2023). Net loss: CA$15.0m (loss narrowed 65% from 1Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
お知らせ • May 16+ 1 more updateBirchcliff Energy Ltd. Maintains Production Guidance for the Year 2024Birchcliff Energy Ltd. maintains production guidance for the year 2024. The company currently expects to deliver annual average production of 74,000 to 77,000 boe/d against previous guidance of 74,000 to 77,000 boe/d.
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: CA$0.04 (vs CA$2.46 in FY 2022)Full year 2023 results: EPS: CA$0.04 (down from CA$2.46 in FY 2022). Revenue: CA$624.5m (down 56% from FY 2022). Net income: CA$9.78m (down 99% from FY 2022). Profit margin: 1.6% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year.
お知らせ • Mar 14Birchcliff Energy Ltd. to Report Q1, 2024 Results on May 15, 2024Birchcliff Energy Ltd. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 15, 2024
Upcoming Dividend • Mar 07Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.4%).
お知らせ • Mar 02Birchcliff Energy Ltd., Annual General Meeting, May 16, 2024Birchcliff Energy Ltd., Annual General Meeting, May 16, 2024.
Recent Insider Transactions • Jan 23Independent Director recently bought €174k worth of stockOn the 19th of January, Cameron Proctor bought around 50k shares on-market at roughly €3.47 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €290k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €3.35, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 175% over the past three years.
Declared Dividend • Jan 21Third quarter dividend of CA$0.10 announcedShareholders will receive a dividend of CA$0.10. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 15%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (195% earnings payout ratio) nor is it covered by cash flows (194% cash payout ratio). The dividend has increased by an average of 35% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 116% to bring the payout ratio under control. EPS is expected to grow by 147% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jan 18+ 2 more updatesBirchcliff Energy Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024Birchcliff Energy Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024
Upcoming Dividend • Dec 07Upcoming dividend of CA$0.20 per share at 13% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.9%).
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: CA$0.057 (vs CA$0.92 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.057 (down from CA$0.92 in 3Q 2022). Revenue: CA$168.9m (down 44% from 3Q 2022). Net income: CA$15.1m (down 94% from 3Q 2022). Profit margin: 8.9% (down from 82% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 40% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 55% per year.
お知らせ • Nov 15+ 1 more updateBirchcliff Energy Ltd. Reaffirms Production Guidance for the Year 2023; Provides Production Guidance for the Year 2024Birchcliff Energy Ltd. reaffirmed production guidance for the year 2023. The Corporation is re-affirming its annual average production guidance at approximately 77,000 boe/d for 2023. Corporation currently expects to deliver annual average production of 77,000 to 79,000 boe/d in 2024.
お知らせ • Oct 05+ 1 more updateBirchcliff Energy Ltd. Announces Chief Executive Officer ChangesBirchcliff Energy Ltd. announced that, as part of its orderly and planned leadership succession process, Jeff Tonken will retire as Chief Executive Officer effective December 31, 2023 and Chris Carlsen, currently the President and Chief Operating Officer of Birchcliff, has been appointed as President and Chief Executive Officer effective January 1, 2024. Mr. Tonken will remain as the Chairman of the Board of Directors (the ‘Board’). Effective January 1, 2024, Birchcliff’s Executive Team will be as follows: Chris Carlsen – President and Chief Executive Officer; Bruno Geremia – Executive Vice President and Chief Financial Officer; Theo van der Werken – Chief Operating Officer; Robyn Bourgeois – Vice President, Legal, General Counsel and Corporate Secretary; Duane Thompson – Vice President, Operations; Hue Tran – Vice President, Business Development and Marketing.
Buying Opportunity • Sep 14Now 21% undervaluedOver the last 90 days, the stock is up 2.2%. The fair value is estimated to be €6.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable.
Upcoming Dividend • Sep 07Upcoming dividend of CA$0.20 per share at 9.4% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 9.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%).
New Risk • Aug 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 27% Last year net profit margin: 48% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (27% net profit margin). Significant insider selling over the past 3 months (€402k sold).
お知らせ • Aug 11Birchcliff Energy Ltd. Announces Cash Dividend for the Quarter Ending September 30, 2023, Payable on September 29, 2023Birchcliff Energy Ltd. announced its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending September 30, 2023. The dividend will be payable on September 29, 2023 to shareholders of record at the close of business on September 15, 2023. The ex-dividend date is September 14, 2023.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: CA$0.16 (vs CA$0.81 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.16 (down from CA$0.81 in 2Q 2022). Revenue: CA$204.7m (down 54% from 2Q 2022). Net income: CA$42.8m (down 80% from 2Q 2022). Profit margin: 21% (down from 48% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.4% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 83% per year whereas the company’s share price has increased by 86% per year.
New Risk • Jul 03New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €412k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€412k sold).
Recent Insider Transactions • Jul 02Executive Vice President of Operations recently sold €402k worth of stockOn the 29th of June, David Humphreys sold around 75k shares on-market at roughly €5.35 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €109k more than they sold in the last 12 months.
Upcoming Dividend • Jun 07Upcoming dividend of CA$0.20 per share at 10% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).
Reported Earnings • May 11First quarter 2023 earnings released: CA$0.16 loss per share (vs CA$0.47 profit in 1Q 2022)First quarter 2023 results: CA$0.16 loss per share (down from CA$0.47 profit in 1Q 2022). Revenue: CA$89.6m (down 66% from 1Q 2022). Net loss: CA$42.5m (down 134% from profit in 1Q 2022). Revenue is expected to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 93% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Apr 23CFO & Executive VP recently bought €62k worth of stockOn the 20th of April, Bruno Geremia bought around 11k shares on-market at roughly €5.42 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bruno has been a buyer over the last 12 months, purchasing a net total of €89k worth in shares.
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: CA$2.46 (vs CA$1.17 in FY 2021)Full year 2022 results: EPS: CA$2.46 (up from CA$1.17 in FY 2021). Revenue: CA$1.41b (up 61% from FY 2021). Net income: CA$656.8m (up 112% from FY 2021). Profit margin: 47% (up from 35% in FY 2021). The increase in margin was driven by higher revenue. Oil reserves and sales price Proven reserves: 12.634 MMbbls Average sales price/bbl: US$120 Gas reserves and sales price Proven reserves: 2993.658 Bcf Average sales price/mcf: US$6.73 LNG reserves and sales price Proven reserves: 68.263 MMbbls Average sales price/bbl: US$41.09 Combined production and costs Oil equivalent production: 28.078 MMboe (28.661 MMboe in FY 2021) Average production cost/Boe: US$3.62 (US$3.19/Boe in FY 2021) Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Mar 07Upcoming dividend of CA$0.20 per share at 9.2% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%).
Recent Insider Transactions • Mar 01Executive Vice President of Operations recently bought €58k worth of stockOn the 27th of February, David Humphreys bought around 10k shares on-market at roughly €5.83 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €132k. Insiders have collectively bought €888k more in shares than they have sold in the last 12 months.
お知らせ • Jan 19Birchcliff Energy Ltd. Announces Cash Dividend for the Quarter Ending March 31, 2023, Payable on March 31, 2023Birchcliff Energy Ltd. announced that its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending March 31, 2023, which represents a 10-fold increase over the previous quarterly dividend of $0.02 per common share. The dividend will be payable on March 31, 2023 to shareholders of record at the close of business on March 15, 2023. The ex-dividend date is March 14, 2023.
Recent Insider Transactions • Dec 22Non-Independent Director recently bought €62k worth of stockOn the 20th of December, James Surbey bought around 10k shares on-market at roughly €6.21 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €132k. Insiders have collectively bought €932k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Dec 11Chairman & CEO recently bought €132k worth of stockOn the 8th of December, A. Tonken bought around 19k shares on-market at roughly €6.79 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. A. has been a buyer over the last 12 months, purchasing a net total of €196k worth in shares.
Upcoming Dividend • Dec 07Upcoming dividend of CA$0.02 per shareEligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.0%).
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Stacey McDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: CA$0.92 (vs CA$0.52 in 3Q 2021)Third quarter 2022 results: EPS: CA$0.92 (up from CA$0.52 in 3Q 2021). Revenue: CA$454.2m (up 79% from 3Q 2021). Net income: CA$245.6m (up 78% from 3Q 2021). Profit margin: 54% (in line with 3Q 2021). Revenue is expected to fall by 4.3% p.a. on average during the next 2 years compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €7.13, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 419% over the past three years.
Upcoming Dividend • Sep 07Upcoming dividend of CA$0.02 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%).
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 677% over the past three years.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: CA$0.81 (vs CA$0.17 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.81 (up from CA$0.17 in 2Q 2021). Revenue: CA$409.4m (up 129% from 2Q 2021). Net income: CA$214.9m (up 390% from 2Q 2021). Profit margin: 53% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 43% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 82% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jun 22Executive Vice President of Operations recently bought €465k worth of stockOn the 17th of June, David Humphreys bought around 60k shares on-market at roughly €7.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €641k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €7.43, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 334% over the past three years.
Upcoming Dividend • Jun 07Upcoming dividend of CA$0.02 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 1.9% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%).
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.01, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 260% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.97 per share.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: CA$0.47 (vs CA$0.083 in 1Q 2021)First quarter 2022 results: EPS: CA$0.47 (up from CA$0.083 in 1Q 2021). Revenue: CA$294.6m (up 67% from 1Q 2021). Net income: CA$126.8m (up 472% from 1Q 2021). Profit margin: 43% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 59% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Stacey McDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to €6.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.21 per share.
Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CA$1.17 (up from CA$0.23 loss in FY 2020). Revenue: CA$941.8m (up 80% from FY 2020). Net income: CA$314.7m (up CA$376.7m from FY 2020). Profit margin: 33% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 43% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 07Upcoming dividend of CA$0.01 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 2.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (4.7%).
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.64 per share.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Stacey McDonald was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Dec 07Upcoming dividend of CA$0.01 per shareEligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 2.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.4%).
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS CA$0.52 (vs CA$0.067 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$321.2m (up 124% from 3Q 2020). Net income: CA$139.4m (up CA$157.1m from 3Q 2020). Profit margin: 43% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to €3.36, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.71 per share.
Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS CA$0.17 (vs CA$0.15 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$179.2m (up 70% from 2Q 2020). Net income: CA$43.9m (up CA$83.4m from 2Q 2020). Profit margin: 25% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 16First quarter 2021 earnings released: EPS CA$0.083 (vs CA$0.17 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$179.0m (up 46% from 1Q 2020). Net income: CA$22.2m (up CA$67.4m from 1Q 2020). Profit margin: 12% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 13Full year 2020 earnings released: CA$0.23 loss per share (vs CA$0.22 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$524.0m (down 14% from FY 2019). Net loss: CA$62.0m (loss widened 4.1% from FY 2019). Oil reserves and sales price Proven reserves: 17.222 MMbbls Average sales price/bbl: US$42.39 Gas reserves and sales price Proven reserves: 3311.226 Bcf Average sales price/mcf: US$2.49 LNG reserves and sales price Proven reserves: 78.253 MMbbls Average sales price/bbl: US$28.49 Combined production and costs Oil equivalent production: 27.886 MMboe (28.462 MMboe in FY 2019) Average production cost/Boe: US$2.95 (US$3.09/Boe in FY 2019) Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 36%, compared to a 35% growth forecast for the Oil and Gas industry in Germany.
Is New 90 Day High Low • Feb 03New 90-day high: €1.53The company is up 31% from its price of €1.17 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 62% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.08 per share.
Is New 90 Day High Low • Jan 14New 90-day high: €1.43The company is up 22% from its price of €1.17 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.57 per share.
Reported Earnings • Nov 13Third quarter 2020 earnings released: CA$0.07 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: CA$101.8m (down 19% from 3Q 2019). Net loss: CA$16.6m (loss narrowed 65% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 26% per year.
Is New 90 Day High Low • Nov 09New 90-day high: €1.32The company is up 40% from its price of €0.94 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.27 per share.
Recent Insider Transactions • Oct 31VP of Exploration & COO recently bought €63k worth of stockOn the 28th of October, Myles Bosman bought around 52k shares on-market at roughly €1.21 per share. This was the largest purchase by an insider in the last 3 months. Myles has been a buyer over the last 12 months, purchasing a net total of €79k worth in shares.
Is New 90 Day High Low • Oct 15New 90-day high: €1.11The company is up 52% from its price of €0.73 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.13 per share.
Is New 90 Day High Low • Sep 19New 90-day high: €1.09The company is up 56% from its price of €0.70 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 58% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.00 per share.
