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Petrus Resources

DB:6P4
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6P4
DB
CA$15M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. The last earnings update was 72 days ago. More info.


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  • Petrus Resources has significant price volatility in the past 3 months.
6P4 Share Price and Events
7 Day Returns
-3.8%
DB:6P4
3.5%
DE Oil and Gas
-0.3%
DE Market
1 Year Returns
-70.1%
DB:6P4
25.1%
DE Oil and Gas
-6.7%
DE Market
6P4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Petrus Resources (6P4) -3.8% 19.3% -35.4% -70.1% -86.1% -
DE Oil and Gas 3.5% 4.4% 12% 25.1% 27.8% 73.4%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • 6P4 underperformed the Oil and Gas industry which returned 25.1% over the past year.
  • 6P4 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
6P4
Industry
5yr Volatility vs Market

Value

 Is Petrus Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Petrus Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Petrus Resources.

DB:6P4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:6P4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 26.5%) (880.56%))
4.955
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:6P4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Petrus Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:6P4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 5.33 Analyst x3 4.76
2021 4.57 Est @ -14.24% 3.64
2022 4.12 Est @ -9.9% 2.92
2023 3.84 Est @ -6.86% 2.43
2024 3.66 Est @ -4.73% 2.06
2025 3.54 Est @ -3.24% 1.78
2026 3.46 Est @ -2.2% 1.55
2027 3.41 Est @ -1.47% 1.36
2028 3.38 Est @ -0.96% 1.20
2029 3.36 Est @ -0.61% 1.07
Present value of next 10 years cash flows CA$22.76
DB:6P4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$3.36 × (1 + 0.23%) ÷ (12.15% – 0.23%)
CA$28.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$28.22 ÷ (1 + 12.15%)10
CA$8.97
DB:6P4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$22.76 + CA$8.97
CA$31.73
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$31.73 / 49.47
CA$0.64
DB:6P4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6P4 represents 0.65806x of TSX:PRQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65806x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.64 x 0.65806
€0.42
Value per share (EUR) From above. €0.42
Current discount Discount to share price of €0.20
= -1 x (€0.20 - €0.42) / €0.42
51.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Petrus Resources is available for.
Intrinsic value
>50%
Share price is €0.204 vs Future cash flow value of €0.4221
Current Discount Checks
For Petrus Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Petrus Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Petrus Resources's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Petrus Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Petrus Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6P4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.20
TSX:PRQ Share Price ** TSX (2019-07-17) in CAD CA$0.31
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 8.84x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Petrus Resources.

DB:6P4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PRQ Share Price ÷ EPS (both in CAD)

= 0.31 ÷ -0.20

-1.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petrus Resources is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Petrus Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Petrus Resources's expected growth come at a high price?
Raw Data
DB:6P4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 56 Publicly-Listed Oil and Gas Companies 0.85x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Petrus Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Petrus Resources's assets?
Raw Data
DB:6P4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$2.75
TSX:PRQ Share Price * TSX (2019-07-17) in CAD CA$0.31
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.3x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:6P4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PRQ Share Price ÷ Book Value per Share (both in CAD)

= 0.31 ÷ 2.75

0.11x

* Primary Listing of Petrus Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Petrus Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Petrus Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Petrus Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Petrus Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
96.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Petrus Resources expected to grow at an attractive rate?
  • Petrus Resources's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Petrus Resources's earnings growth is expected to exceed the Germany market average.
  • Petrus Resources's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6P4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6P4 Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 96.2%
DB:6P4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 14.5%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -8.3%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:6P4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6P4 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 87 46 1
2019-12-31 80 40 1
DB:6P4 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 67 32 -10
2018-12-31 70 28 -3
2018-09-30 76 40 -91
2018-06-30 74 36 -134
2018-03-31 79 44 -124
2017-12-31 77 46 -111
2017-09-30 76 47 -56
2017-06-30 72 50 -10
2017-03-31 63 41 -56
2016-12-31 56 42 -67
2016-09-30 55 32 -92
2016-06-30 63 37 -106

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Petrus Resources's earnings are expected to grow significantly at over 20% yearly.
  • Petrus Resources's revenue is expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:6P4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Petrus Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6P4 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.00 0.00 0.00 1.00
2019-12-31 -0.37 -0.37 -0.37 1.00
DB:6P4 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.20
2018-12-31 -0.07
2018-09-30 -1.83
2018-06-30 -2.71
2018-03-31 -2.51
2017-12-31 -2.28
2017-09-30 -1.17
2017-06-30 -0.21
2017-03-31 -1.22
2016-12-31 -1.51
2016-09-30 -2.21
2016-06-30 -2.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Petrus Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Petrus Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Petrus Resources has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Petrus Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Petrus Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Petrus Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Petrus Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Petrus Resources's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Petrus Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Petrus Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6P4 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 66.76 -9.74 5.19
2018-12-31 69.52 -3.28 5.76
2018-09-30 75.87 -91.44 4.88
2018-06-30 73.80 -134.09 4.64
2018-03-31 78.96 -124.26 4.33
2017-12-31 77.30 -111.26 3.76
2017-09-30 75.68 -56.01 6.52
2017-06-30 71.89 -10.01 6.53
2017-03-31 62.63 -55.57 6.89
2016-12-31 55.89 -66.99 8.23
2016-09-30 54.91 -91.60 7.21
2016-06-30 62.78 -105.95 7.78
2016-03-31 73.26 -66.83 8.31
2015-12-31 82.73 -69.03 7.94
2015-09-30 97.12 -95.89 7.09
2015-06-30 97.09 -69.30 6.96
2015-03-31 94.79 -56.01 5.80
2014-12-31 93.57 -47.49 4.71
2014-09-30 76.31 17.61 4.14
2014-06-30 69.09 12.37 3.26
2014-03-31 59.78 10.30 3.07
2013-12-31 49.14 8.14 2.79
2013-09-30 44.11 5.64 2.90
2013-06-30 39.76 5.09 2.91
2013-03-31 29.85 -0.98 2.99
2012-12-31 22.10 0.43 2.98
2012-09-30 13.74 0.50 2.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Petrus Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Petrus Resources has efficiently used its assets last year compared to the DE Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Petrus Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Petrus Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Petrus Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Petrus Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Petrus Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Petrus Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Petrus Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Petrus Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Petrus Resources Company Filings, last reported 3 months ago.

DB:6P4 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 136.16 131.51 3.61
2018-12-31 148.15 131.80 1.36
2018-09-30 126.91 130.60 2.56
2018-06-30 134.78 132.77 1.76
2018-03-31 145.23 138.72 1.23
2017-12-31 150.73 135.75 1.45
2017-09-30 217.93 131.14 1.82
2017-06-30 268.42 125.96 1.87
2017-03-31 269.01 120.45 4.04
2016-12-31 251.27 115.77 1.39
2016-09-30 263.21 127.27 7.64
2016-06-30 267.57 156.85 1.63
2016-03-31 313.94 155.00 2.89
2015-12-31 243.90 235.00 2.34
2015-09-30 280.12 236.38 0.87
2015-06-30 299.06 231.46 1.15
2015-03-31 305.91 205.51 0.93
2014-12-31 311.76 189.12 20.57
2014-09-30 374.07 90.00 122.20
2014-06-30 213.51 0.00 0.99
2014-03-31 158.65 51.90 0.24
2013-12-31 156.00 23.38 0.30
2013-09-30 153.86 17.97 0.11
2013-06-30 151.19 20.97 0.49
2013-03-31 146.43 11.30 0.50
2012-12-31 145.78 0.00 12.18
2012-09-30 145.67 0.00 20.88
  • Petrus Resources's level of debt (96.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.2% vs 96.6% today).
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.

  • Whilst loss making Petrus Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Petrus Resources has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.1% per year.
X
Financial health checks
We assess Petrus Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Petrus Resources has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Petrus Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Petrus Resources dividends.
If you bought €2,000 of Petrus Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Petrus Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Petrus Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:6P4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:6P4 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Petrus Resources has not reported any payouts.
  • Unable to verify if Petrus Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Petrus Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Petrus Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Petrus Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Petrus Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Petrus Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Neil Korchinski
COMPENSATION CA$415,250
AGE 42
TENURE AS CEO 2.7 years
CEO Bio

Mr. Neil Korchinski, P. Eng., has been the Chief Executive Officer, President of Petrus Resources Ltd. since November 7, 2016. Mr. Korchinski served as the Chief Operating Officer and Vice President of Engineering at Petrus Resources Ltd. since November 25, 2015 until November 7, 2016. Mr. Korchinski served as Vice President Engineering at Petrus Resources Corporation (formerly, Petrus Resources Ltd. (old)) since August 8, 2011 and served as its Chief Operating Officer since April 25, 2014. Mr. Korchinski served as Senior Exploitation Engineer for Peyto for a period of seven years, in that time more than $1 billion in capital was invested in Deep Basin drilling. Prior to that, he worked as a Professional Engineer for Renaissance Energy, Husky Energy and Crescent Point Energy in various exploitation, production and operation engineering roles. He served as Director of Petrus Resources Ltd. since November 7, 2016. He is a Professional Engineer with a BSc in Chemical Engineering in 2000 from the University of Calgary.

CEO Compensation
  • Neil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Neil's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Petrus Resources management team in years:

2.6
Average Tenure
  • The tenure for the Petrus Resources management team is about average.
Management Team

Neil Korchinski

TITLE
President
COMPENSATION
CA$415K
AGE
42
TENURE
2.7 yrs

Cheree Stephenson

TITLE
CFO & VP of Finance
COMPENSATION
CA$338K
TENURE
3.7 yrs

Ross Keilly

TITLE
Vice President of Exploration
COMPENSATION
CA$252K
TENURE
2.5 yrs

Marcus Schlegel

TITLE
Vice President of Engineering
COMPENSATION
CA$281K
TENURE
2.5 yrs

Brett Booth

TITLE
Vice President of Land
COMPENSATION
CA$259K
TENURE
2.5 yrs

Jamie Kuntz

TITLE
Manager of Facilities and Pipelines
COMPENSATION
CA$271K
TENURE
5 yrs

Robert Moncrieff

TITLE
Field Production Foreman
COMPENSATION
CA$162K
Board of Directors Tenure

Average tenure and age of the Petrus Resources board of directors in years:

3.7
Average Tenure
58
Average Age
  • The tenure for the Petrus Resources board of directors is about average.
Board of Directors

Don Gray

TITLE
Chairman of the Board
COMPENSATION
CA$89K
AGE
53
TENURE
3.7 yrs

Neil Korchinski

TITLE
President
COMPENSATION
CA$415K
AGE
42
TENURE
2.7 yrs

Patrick Arnell

TITLE
Independent Director
COMPENSATION
CA$74K
AGE
58
TENURE
3.7 yrs

Don Cormack

TITLE
Independent Director
COMPENSATION
CA$78K
AGE
66
TENURE
3.7 yrs

Stephen White

TITLE
Independent Director
COMPENSATION
CA$68K
AGE
62
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Petrus Resources individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Jun 19 Buy Donald Gray Individual 27. Jun 19 27. Jun 19 256,000 €0.19 €49,796
27. Sep 18 Buy Stephen White Individual 26. Sep 18 27. Sep 18 17,500 €0.59 €10,404
17. Sep 18 Buy Stephen White Individual 17. Sep 18 17. Sep 18 4,000 €0.59 €2,363
29. Aug 18 Buy Donald Gray Individual 28. Aug 18 28. Aug 18 17,200 €0.69 €11,823
24. Aug 18 Buy Donald Gray Individual 23. Aug 18 23. Aug 18 12,600 €0.70 €8,761
23. Aug 18 Buy Donald Gray Individual 22. Aug 18 22. Aug 18 25,000 €0.70 €17,385
22. Aug 18 Buy Donald Gray Individual 21. Aug 18 21. Aug 18 73,000 €0.70 €50,954
21. Aug 18 Buy Donald Gray Individual 20. Aug 18 20. Aug 18 16,400 €0.67 €10,974
20. Aug 18 Buy Donald Gray Individual 17. Aug 18 17. Aug 18 35,000 €0.67 €23,439
14. Aug 18 Buy Donald Gray Individual 14. Aug 18 14. Aug 18 37,500 €0.63 €23,438
13. Aug 18 Buy Donald Gray Individual 10. Aug 18 10. Aug 18 120,500 €0.56 €66,890
X
Management checks
We assess Petrus Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Petrus Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Petrus Resources Ltd., an energy company, engages in the acquisition, exploration, development, and exploitation of oil and gas development assets in western Canada. It primarily explores for natural gas, natural gas liquids, and crude oil. The company holds 55% working interest in Ferrier/Strachan Area, which include 31,767 net acres of undeveloped land and 13,216 net acres of developed land located in west central Alberta near the town of Rocky Mountain House, Alberta. It also has an average of 61% working interest in the Thorsby/Pembina area covering 24,929 net acres of undeveloped land and 47,862 net acres of developed land located in southwest of Edmonton, Alberta; and an average of 52% working interest in the Foothills area that consists of 35,448 net acres of undeveloped land and 7,647 net acres of developed land located northwest of Rocky Mountain House, Alberta. The company is headquartered in Calgary, Canada.

Details
Name: Petrus Resources Ltd.
6P4
Exchange: DB
Founded:
CA$10,299,069
49,469,358
Website: http://www.petrusresources.com
Address: Petrus Resources Ltd.
240 – 4th Avenue SW,
Suite 2400,
Calgary,
Alberta, T2P 5H4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PRQ Common Shares The Toronto Stock Exchange CA CAD 09. Feb 2016
OTCPK PTRU.F Common Shares Pink Sheets LLC US USD 09. Feb 2016
DB 6P4 Common Shares Deutsche Boerse AG DE EUR 09. Feb 2016
Number of employees
Current staff
Staff numbers
23
Petrus Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 22:07
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/06/28
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.