Executive Summary
Oil Search Limited explores for, develops, and produces oil and gas properties in Papua New Guinea, the United States, and Australia.
Snowflake
Fundamentals
Average dividend payer with acceptable track record.
Similar Companies
Share Price & News
How has Oil Search's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.7%
OSH
0.8%
AU Oil and Gas
0.1%
AU Market
1 Year Return
-10.5%
OSH
-7.2%
AU Oil and Gas
11.9%
AU Market
Return vs Industry: OSH underperformed the Australian Oil and Gas industry which returned -7.2% over the past year.
Return vs Market: OSH underperformed the Australian Market which returned 11.9% over the past year.
Shareholder returns
| OSH | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 0.8% | 0.1% |
| 30 Day | -7.3% | -1.2% | -1.1% |
| 90 Day | 1.3% | -1.1% | -1.4% |
| 1 Year | -8.2%-10.5% | -3.3%-7.2% | 18.5%11.9% |
| 3 Year | 11.0%5.5% | 12.6%0.4% | 36.4%18.1% |
| 5 Year | -7.7%-15.9% | -10.7%-26.9% | 50.9%16.7% |
Price Volatility Vs. Market
How volatile is Oil Search's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Imagine Owning Oil Search (ASX:OSH) And Wondering If The 16% Share Price Slide Is Justified2 weeks ago | Simply Wall St
How Should Investors Feel About Oil Search Limited's (ASX:OSH) CEO Pay?3 weeks ago | Simply Wall St
Here's Why We Think Oil Search (ASX:OSH) Is Well Worth WatchingValuation
Is Oil Search undervalued compared to its fair value and its price relative to the market?
17.62x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OSH (A$7.14) is trading above our estimate of fair value (A$5.18)
Significantly Below Fair Value: OSH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OSH is poor value based on its PE Ratio (17.6x) compared to the Oil and Gas industry average (8.9x).
PE vs Market: OSH is good value based on its PE Ratio (17.6x) compared to the Australian market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: OSH is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: OSH is overvalued based on its PB Ratio (1.4x) compared to the AU Oil and Gas industry average (1.4x).
Next Steps
Future Growth
How is Oil Search forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
11.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OSH's forecast earnings growth (11.4% per year) is above the savings rate (2.3%).
Earnings vs Market: OSH's earnings (11.4% per year) are forecast to grow faster than the Australian market (10.2% per year).
High Growth Earnings: OSH's earnings are forecast to grow, but not significantly.
Revenue vs Market: OSH's revenue (3.7% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: OSH's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OSH's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has Oil Search performed over the past 5 years?
9.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: OSH's earnings have grown by 9.7% per year over the past 5 years.
Accelerating Growth: OSH's earnings growth over the past year (68.1%) exceeds its 5-year average (9.7% per year).
Earnings vs Industry: OSH earnings growth over the past year (68.1%) underperformed the Oil and Gas industry 68.1%.
Return on Equity
High ROE: OSH's Return on Equity (8.2%) is considered low.
Return on Assets
ROA vs Industry: OSH's Return on Assets is below or equal to the Oil and Gas industry average last year.
Return on Capital Employed
ROCE Improving: OSH has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Oil Search's financial position?
Financial Position Analysis
Short Term Liabilities: OSH's short term assets ($855.8M) do not cover its short term liabilities ($1.2B)
Long Term Liabilities: OSH's short term assets (855.8M) do not cover its long term liabilities (5.1B)
Debt to Equity History and Analysis
Debt Level: OSH's debt to equity ratio (65.6%) is considered high
Reducing Debt: OSH's debt to equity ratio has reduced from 85.8% to 65.6% over the past 5 years.
Debt Coverage: OSH's debt is well covered by operating cash flow (30.3%).
Interest Coverage: OSH's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Inventory Level: OSH has a high level of physical assets or inventory.
Debt Coverage by Assets: OSH's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Oil Search's current dividend yield, its reliability and sustainability?
2.75%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: OSH's dividend (2.75%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: OSH's dividend (2.75%) is low compared to the top 25% of dividend payers in the Australian market (5.58%).
Stable Dividend: OSH's dividend payments have been volatile in the past 10 years.
Growing Dividend: OSH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.5%), OSH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OSH's dividends in 3 years are forecast to be well covered by earnings (43.3% payout ratio).
Next Steps
Management
What is the CEO of Oil Search's salary, the management and board of directors tenure and is there insider trading?
5.8yrs
Average management tenure
CEO
Peter Botten (64yo)
25yrs
Tenure
US$5,917,423
Compensation
Mr. Peter Robert Botten, AC, CBE, B.Sc., ARSM has been Managing Director of Oil Search Limited since October 28, 1994, overseeing its development into a major Australian Securities Exchange listed company. ...
CEO Compensation Analysis
Compensation vs. Market: Peter's total compensation ($USD5.92M) is about average for companies of similar size in the Australian market ($USD2.82M).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.8yrs
Average Tenure
Experienced Management: OSH's management team is seasoned and experienced (5.8 years average tenure).
Board Age and Tenure
3.7yrs
Average Tenure
64yo
Average Age
Experienced Board: OSH's board of directors are considered experienced (3.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 10,742,235 |
| Max Price | US$7.39 |
| Entity | Company |
| Shares | 3,755,388 |
| Max Price | US$7.83 |
| Entity | Company |
| Shares | 1,355,858 |
| Max Price | US$8.09 |
| Entity | Company |
| Shares | 2,437,480 |
| Max Price | US$8.34 |
| Entity | Company |
| Shares | 131,191 |
| Max Price | US$7.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 10,000 |
| Max Price | US$8.36 |
| Entity | Company |
| Shares | 15,585,952 |
| Max Price | US$7.59 |
| Entity | Company |
| Shares | 103,924 |
| Max Price | US$7.59 |
| Entity | Company |
| Shares | 85,829 |
| Max Price | US$7.59 |
| Entity | Company |
| Shares | 15,558,128 |
| Max Price | US$7.66 |
| Entity | Company |
| Shares | 1,200,000 |
| Max Price | US$6.84 |
| Entity | Company |
| Shares | 17,960,155 |
| Max Price | US$9.21 |
| Entity | Company |
| Shares | 1,797,104 |
| Max Price | US$9.12 |
| Entity | Company |
| Shares | 22,112,136 |
| Max Price | US$8.18 |
| Entity | Company |
| Shares | 1,342,745 |
| Max Price | US$7.68 |
| Entity | Company |
| Shares | 20,473,007 |
| Max Price | US$7.65 |
| Entity | Company |
| Shares | 15,798,450 |
| Max Price | US$8.52 |
| Entity | Company |
| Shares | 466,281 |
| Max Price | US$8.52 |
Ownership Breakdown
Management Team
Keiran Wulff
Executive VP & President of Alaska
- Tenure: 1.6yrs
- Compensation: US$1.91m
Peter Botten (64yo)
MD & Executive Director
- Tenure: 25yrs
- Compensation: US$5.92m
Stephen Gardiner (60yo)
Chief Financial Officer
- Tenure: 6.9yrs
- Compensation: US$1.40m
Ann Diamant
Senior Vice President of Investor Relations
- Tenure: 0yrs
Michael Herrett
Executive General Manager of Human Resources - Health & Administration
- Tenure: 0yrs
- Compensation: US$1.10m
Ian Munro
Executive General Manager of Gas
- Tenure: 0yrs
- Compensation: US$1.28m
Michael Drew
Group Secretary and Executive VP of Corporate & General Counsel
- Tenure: 5.8yrs
- Compensation: US$939.84k
Beth White
Executive Vice President of Development
- Tenure: 0yrs
- Compensation: US$934.01k
Bart Lismont
Executive Vice President of Technology & Value Assurance
- Tenure: 0.3yrs
Matthew Park
Vice President of Communications & Media
- Tenure: 0yrs
Board Members
Susan Cunningham (63yo)
Non-Executive Director
- Tenure: 1.6yrs
- Compensation: US$131.75k
Fiona Harris (58yo)
Non-Executive Director
- Tenure: 2.8yrs
- Compensation: US$190.76k
Agu Kantsler (68yo)
Non-Executive Director
- Tenure: 9.3yrs
- Compensation: US$182.99k
Eileen Doyle (64yo)
Non-Executive Director
- Tenure: 3.7yrs
- Compensation: US$185.46k
Rick Lee (69yo)
Chairman of the Board
- Tenure: 6.7yrs
- Compensation: US$384.87k
Peter Botten (64yo)
MD & Executive Director
- Tenure: 25yrs
- Compensation: US$5.92m
Kostas Constantinou (61yo)
Non-Executive Director
- Tenure: 17.5yrs
- Compensation: US$173.25k
Mel Togolo (72yo)
Non-Executive Director
- Tenure: 3yrs
- Compensation: US$173.82k
Bakheet Al Katheeri (44yo)
Non-Executive Director
- Tenure: 1.6yrs
- Compensation: US$133.65k
Company Information
Oil Search Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Oil Search Limited
- Ticker: OSH
- Exchange: ASX
- Founded: 1929
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$10.810b
- Shares outstanding: 1.52b
- Website: https://www.oilsearch.com
Number of Employees
Location
- Oil Search Limited
- Harbourside East Building
- Ground Floor
- Port Moresby
- Papua New Guinea
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OISH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| OIS | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| OSH | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| OSH | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| OISH.Y | OTCPK (Pink Sheets LLC) | ADR EACH REPR 10 ORD PGK0.10(BNY) | US | USD | Nov 1992 |
Biography
Oil Search Limited explores for, develops, and produces oil and gas properties in Papua New Guinea, the United States, and Australia. The company operates through PNG Business Unit, Exploration, and Other ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 10:32 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.