Prominence Energy Ltd engages in the exploration, development, and production of oil and gas projects in Australia and the United States.
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Prominence Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.016|
|52 Week High||AU$0.005|
|52 Week Low||AU$0.022|
|1 Month Change||33.33%|
|3 Month Change||18.52%|
|1 Year Change||128.57%|
|3 Year Change||-60.00%|
|5 Year Change||-82.22%|
|Change since IPO||-99.98%|
Recent News & Updates
|PRM||AU Oil and Gas||AU Market|
Return vs Industry: PRM exceeded the Australian Oil and Gas industry which returned 48.8% over the past year.
Return vs Market: PRM exceeded the Australian Market which returned 19.3% over the past year.
Stable Share Price: PRM is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: PRM's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Prominence Energy Ltd engages in the exploration, development, and production of oil and gas projects in Australia and the United States. It holds a 100% working interest in Bowsprit oil project comprising 577 net acres located to the southeast of New Orleans. The company was formerly known as Sun Resources NL and changed its name to Prominence Energy NL in December 2019.
Prominence Energy Fundamentals Summary
|PRM fundamental statistics|
Is PRM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PRM income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0012|
|Net Profit Margin||0.00%|
How did PRM perform over the long term?See historical performance and comparison
Is Prominence Energy undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PRM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PRM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PRM is good value based on its PE Ratio (13.2x) compared to the Australian Oil and Gas industry average (29.3x).
PE vs Market: PRM is good value based on its PE Ratio (13.2x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PRM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRM is overvalued based on its PB Ratio (5.5x) compared to the AU Oil and Gas industry average (2.5x).
How is Prominence Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prominence Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Prominence Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRM has a large one-off gain of A$1.9M impacting its June 30 2021 financial results.
Growing Profit Margin: PRM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PRM has become profitable over the past 5 years, growing earnings by 72.5% per year.
Accelerating Growth: PRM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PRM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).
Return on Equity
High ROE: PRM's Return on Equity (41.9%) is considered outstanding.
How is Prominence Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PRM's short term assets (A$2.7M) exceed its short term liabilities (A$1.3M).
Long Term Liabilities: PRM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRM's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: PRM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: PRM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PRM's interest payments on its debt are well covered by EBIT.
What is Prominence Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PRM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PRM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PRM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PRM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Alex Parks (46 yo)
Mr. Alexander Bevan Parks, also known as Alex, GAICD, MEng has been Chief Executive Officer and Managing Director of Prominence Energy NL (formerly known as Sun Resources NL) since November 02, 2017. He se...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD193.39K) is below average for companies of similar size in the Australian market ($USD300.24K).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Experienced Board: PRM's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PRM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 102.9%.
Prominence Energy Ltd's employee growth, exchange listings and data sources
- Name: Prominence Energy Ltd
- Ticker: PRM
- Exchange: ASX
- Founded: 1986
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$17.895m
- Shares outstanding: 994.19m
- Website: https://www.prominenceenergy.com.au
- Prominence Energy Ltd
- P.O. Box 1786
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 07:03|
|End of Day Share Price||2021/10/15 00:00|
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.