TSX:OXC

Stock Analysis Report

Oryx Petroleum

Executive Summary

Oryx Petroleum Corporation Limited acquires, explores for, develops, and produces oil from oil and gas assets in West Africa and the Middle East.

Rewards

PE ratio (1x) is below the Canadian market (15.9x)

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$116M)



Snowflake Analysis

Fair value with mediocre balance sheet.


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Share Price & News

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


Latest Share Price and Events

Stable Share Price: OXC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

31.3%

OXC

-0.7%

CA Oil and Gas

0.2%

CA Market


1 Year Return

2.4%

OXC

-1.1%

CA Oil and Gas

4.9%

CA Market

Return vs Industry: OXC exceeded the Canadian Oil and Gas industry which returned 0.2% over the past year.

Return vs Market: OXC underperformed the Canadian Market which returned 5.8% over the past year.


Shareholder returns

OXCIndustryMarket
7 Day31.3%-0.7%0.2%
30 Day-8.7%-2.7%0.4%
90 Day31.3%2.8%3.7%
1 Year2.4%2.4%3.2%-1.1%8.2%4.9%
3 Year-44.7%-44.7%-6.5%-16.5%15.9%5.5%
5 Year-94.8%-94.8%-9.8%-24.1%33.8%14.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: OXC is good value based on its PE Ratio (1x) compared to the Oil and Gas industry average (11x).

PE vs Market: OXC is good value based on its PE Ratio (1x) compared to the Canadian market (15.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OXC is good value based on its PB Ratio (0.1x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

-0.2%

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 Oryx 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 Oryx Petroleum performed over the past 5 years?

42.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OXC has a large one-off gain of $17.0M impacting its September 30 2019 financial results.

Growing Profit Margin: OXC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OXC has become profitable over the past 5 years, growing earnings by 42.5% per year.

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

Earnings vs Industry: OXC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (6%).


Return on Equity

High ROE: OXC's Return on Equity (12.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Oryx Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: OXC's short term assets ($64.8M) do not cover its short term liabilities ($104.8M).

Long Term Liabilities: OXC's short term assets ($64.8M) do not cover its long term liabilities ($81.4M).


Debt to Equity History and Analysis

Debt Level: OXC's debt to equity ratio (12.1%) is considered satisfactory.

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


Balance Sheet

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

Debt Coverage by Assets: OXC's debt is not covered by short term assets (assets are 0.8x debt).


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: OXC is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: OXC is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage4.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

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

3.7yrs

Average board tenure


CEO

Vance Querio 0

3.9yrs

Tenure

US$1,472,280

Compensation

Mr. Vance Querio has been the Chief Executive Officer of Oryx Petroleum Corporation Limited since March 2016. Mr. Querio served as the Chief Operating Officer of Oryx Petroleum Corporation Limited since Ap ...


CEO Compensation Analysis

Compensation vs Market: Vance's total compensation ($USD1.47M) is above average for companies of similar size in the Canadian market ($USD155.16K).

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


Board Members

NamePositionTenureCompensationOwnership
Jean Gandur
Chairman7.2yrsUS$2.66m1.87% $2.2m
Peter Newman
Senior Independent Director0yrsUS$117.14k0.067% $77.4k
Bradford Camp
Independent Director3.7yrsUS$100.77k0.025% $29.3k
Peter Janele
Independent Director1.7yrsUS$57.91kno data

3.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: OXC's board of directors are considered experienced (3.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: OXC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.2%.


Top Shareholders

Company Information

Oryx Petroleum Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oryx Petroleum Corporation Limited
  • Ticker: OXC
  • Exchange: TSX
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$116.021m
  • Shares outstanding: 552.48m
  • Website: https://www.oryxpetroleum.com

Number of Employees


Location

  • Oryx Petroleum Corporation Limited
  • 3400 First Canadian Centre 350
  • 7 Avenue Southwest
  • Calgary
  • Alberta
  • T2J 2M2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OXCTSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 2013
OYXDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2013
ORXP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2013

Biography

Oryx Petroleum Corporation Limited acquires, explores for, develops, and produces oil from oil and gas assets in West Africa and the Middle East. It has interests in the Hawler license area located in the Kurdistan Region of Iraq; the AGC Central license located in Senegal and Guinea Bissau; and the Haute Mer B license in Congo. The company also provides administrative/technical services. As of December 31, 2018, it had proved plus probable oil reserves of approximately 127 million barrels. Oryx Petroleum Corporation Limited was founded in 2010 and is based in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 00:52
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
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.