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RRRP

3R Petroleum Óleo e Gás BOVESPA:RRRP3 Stock Report

Last Price

R$33.37

Market Cap

R$6.8b

7D

-3.2%

1Y

2.6%

Updated

16 Aug, 2022

Data

Company Financials +
RRRP3 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance0/6
Financial Health1/6
Dividends0/6

RRRP3 Stock Overview

3R Petroleum Óleo e Gás S.A. engages in the exploration and production of oil and natural gas in Brazil.

3R Petroleum Óleo e Gás Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 3R Petroleum Óleo e Gás
Historical stock prices
Current Share PriceR$33.37
52 Week HighR$51.23
52 Week LowR$26.35
Beta0
1 Month Change16.11%
3 Month Change-19.32%
1 Year Change2.61%
3 Year Changen/a
5 Year Changen/a
Change since IPO59.67%

Recent News & Updates

Jun 24
Time To Worry? Analysts Just Downgraded Their 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Outlook

Time To Worry? Analysts Just Downgraded Their 3R Petroleum Óleo e Gás S.A. (BVMF:RRRP3) Outlook

Today is shaping up negative for 3R Petroleum Óleo e Gás S.A. ( BVMF:RRRP3 ) shareholders, with the analysts delivering...

Shareholder Returns

RRRP3BR Oil and GasBR Market
7D-3.2%-10.3%1.8%
1Y2.6%10.7%-15.2%

Return vs Industry: RRRP3 underperformed the BR Oil and Gas industry which returned 5.3% over the past year.

Return vs Market: RRRP3 exceeded the BR Market which returned -17.1% over the past year.

Price Volatility

Is RRRP3's price volatile compared to industry and market?
RRRP3 volatility
RRRP3 Average Weekly Movement7.6%
Oil and Gas Industry Average Movement6.9%
Market Average Movement6.0%
10% most volatile stocks in BR Market9.4%
10% least volatile stocks in BR Market2.6%

Stable Share Price: RRRP3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: RRRP3's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010438Ricardo Savinihttps://www.3rpetroleum.com.br

3R Petroleum Óleo e Gás S.A. engages in the exploration and production of oil and natural gas in Brazil. It holds portfolio of assets located in the Potiguar Basin that includes the Poles Macau, Pescada Arabaiana, and Fazenda Belém; in the Recôncavo Basin, which comprises the Rio Ventura and Recôncavo; in the Espírito Santo Basin that consist of the Polo Peroá; and in the Campos Basin that include Papa-Terra. 3R Petroleum Óleo e Gás S.A. was incorporated in 2010 and is headquartered in Rio de Janeiro, Brazil.

3R Petroleum Óleo e Gás Fundamentals Summary

How do 3R Petroleum Óleo e Gás's earnings and revenue compare to its market cap?
RRRP3 fundamental statistics
Market CapR$6.76b
Earnings (TTM)-R$220.32m
Revenue (TTM)R$1.22b

5.6x

P/S Ratio

-30.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RRRP3 income statement (TTM)
RevenueR$1.22b
Cost of RevenueR$483.05m
Gross ProfitR$734.07m
Other ExpensesR$954.40m
Earnings-R$220.32m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.09
Gross Margin60.31%
Net Profit Margin-18.10%
Debt/Equity Ratio2.6%

How did RRRP3 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RRRP3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RRRP3?

Other financial metrics that can be useful for relative valuation.

RRRP3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.3x
Enterprise Value/EBITDA11.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does RRRP3's PS Ratio compare to its peers?

RRRP3 PS Ratio vs Peers
The above table shows the PS ratio for RRRP3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.1x
RECV3 Petroreconcavo
3.8x23.0%R$7.3b
ENAT3 Enauta Participações
1.6x15.3%R$4.3b
PRIO3 Petro Rio
3.4x29.8%R$20.5b
DMMO3 Dommo Energia
3.8xn/aR$830.8m
RRRP3 3R Petroleum Óleo e Gás
5.6x48.8%R$6.8b

Price-To-Sales vs Peers: RRRP3 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the peer average (3.1x).


Price to Earnings Ratio vs Industry

How does RRRP3's PE Ratio compare vs other companies in the South American Oil and Gas Industry?

Price-To-Sales vs Industry: RRRP3 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the BR Oil and Gas industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is RRRP3's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RRRP3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ratio5.9x

Price-To-Sales vs Fair Ratio: RRRP3 is good value based on its Price-To-Sales Ratio (5.6x) compared to the estimated Fair Price-To-Sales Ratio (5.9x).


Share Price vs Fair Value

What is the Fair Price of RRRP3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RRRP3 (R$33.37) is trading below our estimate of fair value (R$134.47)

Significantly Below Fair Value: RRRP3 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is 3R Petroleum Óleo e Gás forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


101.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RRRP3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.2%).

Earnings vs Market: RRRP3 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RRRP3 is expected to become profitable in the next 3 years.

Revenue vs Market: RRRP3's revenue (48.8% per year) is forecast to grow faster than the BR market (5.8% per year).

High Growth Revenue: RRRP3's revenue (48.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RRRP3's Return on Equity is forecast to be high in 3 years time (39.4%)


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Past Performance

How has 3R Petroleum Óleo e Gás performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-35.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RRRP3 is currently unprofitable.

Growing Profit Margin: RRRP3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RRRP3 is unprofitable, and losses have increased over the past 5 years at a rate of 35.7% per year.

Accelerating Growth: Unable to compare RRRP3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RRRP3 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (77.2%).


Return on Equity

High ROE: RRRP3 has a negative Return on Equity (-7.66%), as it is currently unprofitable.


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Financial Health

How is 3R Petroleum Óleo e Gás's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: RRRP3's short term assets (R$831.7M) do not cover its short term liabilities (R$894.7M).

Long Term Liabilities: RRRP3's short term assets (R$831.7M) do not cover its long term liabilities (R$1.2B).


Debt to Equity History and Analysis

Debt Level: RRRP3 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if RRRP3's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RRRP3 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RRRP3 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 48.6% each year


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Dividend

What is 3R Petroleum Óleo e Gás's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.79%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate RRRP3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RRRP3'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 RRRP3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RRRP3's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RRRP3 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Ricardo Savini

no data

Tenure

Mr. Ricardo Rodrigues Savini serves as the President, Chief Executive Officer and Chairman of the Executive Board at 3R Petroleum Óleo e Gás S.A.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 53.1%.


Top Shareholders

Company Information

3R Petroleum Óleo e Gás S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: 3R Petroleum Óleo e Gás S.A.
  • Ticker: RRRP3
  • Exchange: BOVESPA
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: R$6.761b
  • Shares outstanding: 202.59m
  • Website: https://www.3rpetroleum.com.br

Number of Employees


Location

  • 3R Petroleum Óleo e Gás S.A.
  • Rua Visconde de Ouro Preto, 05
  • 6th floor
  • Rio De Janeiro
  • Rio de Janeiro
  • 22250-180
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.