TSX:BKX

Stock Analysis Report

Executive Summary

BNK Petroleum Inc. engages in the acquisition, exploration, and production of unconventional oil and gas resource plays in the United States, Canada, Spain, and the Netherlands.

Snowflake

Fundamentals

Fair value with acceptable track record.

Share Price & News

How has BNK Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.3%

BKX

-0.5%

CA Oil and Gas

-0.2%

CA Market


1 Year Return

-71.4%

BKX

-12.6%

CA Oil and Gas

1.5%

CA Market

Return vs Industry: BKX underperformed the Canadian Oil and Gas industry which returned -12.6% over the past year.

Return vs Market: BKX underperformed the Canadian Market which returned 1.5% over the past year.


Shareholder returns

BKXIndustryMarket
7 Day-4.3%-0.5%-0.2%
30 Day-31.3%-6.1%-3.5%
90 Day-52.2%-4.5%-1.8%
1 Year-71.4%-71.4%-8.7%-12.6%5.1%1.5%
3 Year-45.8%-45.8%-17.1%-25.5%13.3%3.2%
5 Year-81.0%-81.0%-21.5%-33.4%25.2%7.2%

Price Volatility Vs. Market

How volatile is BNK Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BNK Petroleum undervalued compared to its fair value and its price relative to the market?

2.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BKX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BKX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BKX is good value based on its PE Ratio (2.9x) compared to the Oil and Gas industry average (8.4x).

PE vs Market: BKX is good value based on its PE Ratio (2.9x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BKX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BKX is good value based on its PB Ratio (0.2x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is BNK Petroleum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.9%

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 BNK Petroleum 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.


Next Steps

Past Performance

How has BNK Petroleum performed over the past 5 years?

62.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BKX has become profitable over the past 5 years, growing earnings by 62.1% per year.

Accelerating Growth: BKX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BKX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (62.2%).


Return on Equity

High ROE: BKX's Return on Equity (5.4%) is considered low.


Return on Assets

ROA vs Industry: BKX has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: BKX has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is BNK Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: BKX's short term assets ($5.6M) do not cover its short term liabilities ($6.2M)

Long Term Liabilities: BKX's short term assets (5.6M) do not cover its long term liabilities (30.8M)


Debt to Equity History and Analysis

Debt Level: BKX's debt to equity ratio (23.5%) is considered satisfactory

Reducing Debt: BKX's debt to equity ratio has increased from 0.1% to 23.5% over the past 5 years.

Debt Coverage: BKX's debt is well covered by operating cash flow (33.3%).

Interest Coverage: BKX's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet

Inventory Level: BKX has a high level of physical assets or inventory.

Debt Coverage by Assets: BKX's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is BNK Petroleum's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate BKX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BKX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BKX'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 BKX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of BNK Petroleum's salary, the management and board of directors tenure and is there insider trading?

8.7yrs

Average management tenure


CEO

Wolf Regener (54yo)

11.4yrs

Tenure

US$459,400

Compensation

Mr. Wolf E. Regener serves as Chief Executive Officer and President at Bankers Petroleum Inc since May 27, 2008. Mr. Regener serves as President of BNK Inc. He has been the President of R&R Resources, LLC  ...


CEO Compensation Analysis

Compensation vs. Market: Wolf's total compensation ($USD459.40K) is about average for companies of similar size in the Canadian market ($USD131.81K).

Compensation vs Earnings: Wolf's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.7yrs

Average Tenure

Experienced Management: BKX's management team is seasoned and experienced (8.7 years average tenure).


Board Age and Tenure

9.8yrs

Average Tenure

72yo

Average Age

Experienced Board: BKX's board of directors are considered experienced (9.8 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

BuyUS$95,96118 Jan 19
Livermore Partners LLC
EntityCompany
Shares299,500
Max PriceUS$0.33
BuyUS$39,39111 Jan 19
Livermore Partners LLC
EntityCompany
Shares120,000
Max PriceUS$0.33

Ownership Breakdown


Management Team

  • Wolf Regener (54yo)

    President

    • Tenure: 11.4yrs
    • Compensation: US$459.40k
  • Steve Warshauer

    Vice President of Exploration

    • Tenure: 8.7yrs
    • Compensation: US$250.10k
  • Gary Johnson

    CFO & VP

    • Tenure: 6.5yrs
    • Compensation: US$354.80k
  • Steve Raunsbak

    Controller

    • Tenure: 0yrs

Board Members

  • Wesley Clark (75yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: US$32.50k
  • Wolf Regener (54yo)

    President

    • Tenure: 11.4yrs
    • Compensation: US$459.40k
  • Vic Redekop (72yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$37.90k
  • Ford Nicholson (56yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$76.40k
  • Eric Brown (77yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$37.90k
  • Leslie O'Connor

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$33.20k
  • David Neuhauser

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$37.80k

Company Information

BNK Petroleum Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BNK Petroleum Inc.
  • Ticker: BKX
  • Exchange: TSX
  • Founded: 2008
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$25.621m
  • Shares outstanding: 232.92m
  • Website: https://www.bnkpetroleum.com

Number of Employees


Location

  • BNK Petroleum Inc.
  • 760 Paseo Camarillo
  • Suite 350
  • Camarillo
  • California
  • 93010
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKXTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2008
B12DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2008
BNKP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2008

Biography

BNK Petroleum Inc. engages in the acquisition, exploration, and production of unconventional oil and gas resource plays in the United States, Canada, Spain, and the Netherlands. The company produces natura ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:06
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.