ENXTPA:MAUOil and Gas
Maurel & Prom (ENXTPA:MAU) Stock Price Masks Profit Quality Risks
The market has punished Etablissements Maurel & Prom in recent months, with the stock down about 18% over 90 days and sitting near €7.90 despite very strong trailing profitability. That mismatch is the story today. The latest half year confirms eye catching net margins and a low P/E multiple against European oil and gas peers, yet most of the earnings power sits in non cash items and analysts expect profits to decline over the next few years. Short term traders see a cheap stock. Long term...