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Diversified Gas & Oil

AIM:DGOC
Snowflake Description

Outstanding track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DGOC
AIM
£843M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Diversified Gas & Oil PLC operates as an oil and gas producer in the Appalachian Basin of the United States. The last earnings update was 54 days ago. More info.


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DGOC Share Price and Events
7 Day Returns
-0.4%
AIM:DGOC
0.8%
GB Oil and Gas
0.5%
GB Market
1 Year Returns
41.3%
AIM:DGOC
16.3%
GB Oil and Gas
0.8%
GB Market
DGOC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Diversified Gas & Oil (DGOC) -0.4% 2.1% 7.5% 41.3% - -
GB Oil and Gas 0.8% 4% 8.6% 16.3% 52% -2.5%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • DGOC outperformed the Oil and Gas industry which returned 16.3% over the past year.
  • DGOC outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
Price Volatility
DGOC
Industry
5yr Volatility vs Market

Value

 Is Diversified Gas & Oil 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 Diversified Gas & Oil 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 Diversified Gas & Oil.

AIM:DGOC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:DGOC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.958 (1 + (1- 21%) (44.59%))
1.198
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.198 * 5.96%)
8.37%

Discounted Cash Flow Calculation for AIM:DGOC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Diversified Gas & Oil 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.

AIM:DGOC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.37%)
2019 241.00 Analyst x1 222.39
2020 251.60 Analyst x1 214.24
2021 234.50 Analyst x1 184.26
2022 223.81 Est @ -4.56% 162.28
2023 217.49 Est @ -2.82% 145.52
2024 213.99 Est @ -1.61% 132.12
2025 212.37 Est @ -0.76% 121.00
2026 212.02 Est @ -0.16% 111.47
2027 212.56 Est @ 0.25% 103.12
2028 213.72 Est @ 0.55% 95.68
Present value of next 10 years cash flows $1,492.09
AIM:DGOC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $213.72 × (1 + 1.23%) ÷ (8.37% – 1.23%)
$3,029.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,029.46 ÷ (1 + 8.37%)10
$1,356.26
AIM:DGOC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,492.09 + $1,356.26
$2,848.34
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,848.34 / 694.17
$4.1
AIM:DGOC Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:DGOC)
0.773
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $4.1 x 0.773
£3.17
Value per share (GBP) From above. £3.17
Current discount Discount to share price of £1.22
= -1 x (£1.22 - £3.17) / £3.17
61.7%

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

Current Discount
Amount off the current price Diversified Gas & Oil is available for.
Intrinsic value
>50%
Share price is £1.22 vs Future cash flow value of £3.17
Current Discount Checks
For Diversified Gas & Oil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Diversified Gas & Oil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Diversified Gas & Oil'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 Diversified Gas & Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Diversified Gas & Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:DGOC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.52
AIM:DGOC Share Price ** AIM (2019-04-23) in GBP £1.22
AIM:DGOC Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.293 $1.57
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 9.96x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of Diversified Gas & Oil.

AIM:DGOC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:DGOC Share Price ÷ EPS (both in USD)

= 1.57 ÷ 0.52

3.02x

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

  • Diversified Gas & Oil is good value based on earnings compared to the GB Oil and Gas industry average.
  • Diversified Gas & Oil is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Diversified Gas & Oil's expected growth come at a high price?
Raw Data
AIM:DGOC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-18.7%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.47x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

AIM:DGOC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.02x ÷ -18.7%

-0.16x

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

  • Diversified Gas & Oil earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Diversified Gas & Oil's assets?
Raw Data
AIM:DGOC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.38
AIM:DGOC Share Price * AIM (2019-04-23) in GBP £1.22
AIM:DGOC Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.293 $1.57
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
AIM:DGOC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:DGOC Share Price ÷ Book Value per Share (both in USD)

= 1.57 ÷ 1.38

1.14x

* Primary Listing of Diversified Gas & Oil.

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

  • Diversified Gas & Oil is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Diversified Gas & Oil'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. Diversified Gas & Oil has a total score of 4/6, 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 Diversified Gas & Oil expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
-18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Diversified Gas & Oil expected to grow at an attractive rate?
  • Diversified Gas & Oil's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Diversified Gas & Oil's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Diversified Gas & Oil's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:DGOC Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:DGOC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -18.7%
AIM:DGOC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 16.1%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
AIM:DGOC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:DGOC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 514 257 127 2
2020-12-31 528 274 121 2
2019-12-31 536 278 128 2
AIM:DGOC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 290 88 201
2018-09-30 189 48 115
2018-06-30 86 8 10
2018-03-31 62 7 9
2017-12-31 42 7 27
2017-09-30 30 9 16
2017-06-30 19 12 4
2017-03-31 18 8 11
2016-12-31 16 5 18
2016-09-30 14 2 28
2016-06-30 11 -1 38
2016-03-31 9 -1 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Diversified Gas & Oil's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Diversified Gas & Oil's revenue is expected to grow by 16.1% 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
AIM:DGOC 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 2 Analyst Estimates (S&P Global) See Below

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

AIM:DGOC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.18 0.18 0.18 1.00
2020-12-31 0.17 0.17 0.17 2.00
2019-12-31 0.20 0.20 0.20 1.00
AIM:DGOC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.52
2018-09-30 0.39
2018-06-30 0.05
2018-03-31 0.06
2017-12-31 0.23
2017-09-30 0.16
2017-06-30 0.06
2017-03-31 0.19
2016-12-31 0.42
2016-09-30 0.68
2016-06-30 0.95
2016-03-31 0.47

*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 Diversified Gas & Oil will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Diversified Gas & Oil'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Diversified Gas & Oil has a total score of 1/6, 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 Diversified Gas & Oil 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 Diversified Gas & Oil'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.
  • Diversified Gas & Oil has delivered over 20% year on year earnings growth in the past 5 years.
  • Diversified Gas & Oil's 1-year earnings growth exceeds its 5-year average (632.6% vs 78%)
  • Diversified Gas & Oil's earnings growth has exceeded the GB Oil and Gas industry average in the past year (632.6% vs 179.6%).
Earnings and Revenue History
Diversified Gas & Oil'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 Diversified Gas & Oil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:DGOC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 289.77 201.12 20.89
2018-09-30 189.35 114.74 14.86
2018-06-30 85.54 9.79 8.84
2018-03-31 61.96 9.33 6.89
2017-12-31 41.78 27.45 4.94
2017-09-30 30.28 15.64 3.97
2017-06-30 18.78 3.83 3.01
2017-03-31 17.52 10.75 2.49
2016-12-31 16.26 17.68 1.98
2016-09-30 13.65 27.98 1.46
2016-06-30 11.04 38.28 0.95
2016-03-31 8.67 18.93 0.84
2015-12-31 6.30 -0.41 0.72
2014-12-31 7.36 -0.24 0.97

*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.
  • Diversified Gas & Oil has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Diversified Gas & Oil used its assets more efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Diversified Gas & Oil has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Diversified Gas & Oil'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.
Diversified Gas & Oil has a total score of 6/6, 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 Diversified Gas & Oil'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 Diversified Gas & Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Diversified Gas & Oil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Diversified Gas & Oil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Diversified Gas & Oil'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 0.2x 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 Diversified Gas & Oil Company Filings, last reported 3 months ago.

AIM:DGOC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 748.86 486.35 1.37
2018-09-30 748.86 486.35 1.37
2018-06-30 301.65 141.84 9.54
2018-03-31 301.65 141.84 9.54
2017-12-31 108.24 72.15 15.17
2017-09-30 108.24 72.15 15.17
2017-06-30 87.13 65.81 4.57
2017-03-31 87.13 65.81 4.57
2016-12-31 9.16 41.24 0.22
2016-09-30 9.16 41.24 0.22
2016-06-30 27.74 39.01 0.02
2016-03-31 27.74 39.01 0.02
2015-12-31 -8.82 43.11 0.09
2014-12-31 -7.34 34.37 0.03
  • Diversified Gas & Oil's level of debt (64.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if Diversified Gas & Oil's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.4x coverage).
X
Financial health checks
We assess Diversified Gas & Oil'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. Diversified Gas & Oil 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 Diversified Gas & Oil'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
8.66%
Current annual income from Diversified Gas & Oil dividends. Estimated to be 10.03% next year.
If you bought £2,000 of Diversified Gas & Oil shares you are expected to receive £173 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?
  • Diversified Gas & Oil's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Diversified Gas & Oil's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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
AIM:DGOC 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

AIM:DGOC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.16 2.00
2020-12-31 0.16 3.00
2019-12-31 0.15 2.00
AIM:DGOC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.136 8.371
2018-12-14 0.078 5.232
2018-05-29 0.069 4.741
2018-04-03 0.054 4.454
2017-09-11 0.040 3.597
2017-06-15 0.020 2.251

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

  • Whilst dividend payments have been stable, Diversified Gas & Oil has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Diversified Gas & Oil only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Diversified Gas & Oil's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Diversified Gas & Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Diversified Gas & Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Diversified Gas & Oil has a total score of 4/6, 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 Diversified Gas & Oil'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
Rusty Hutson
COMPENSATION $122,000
AGE 49
CEO Bio

Mr. Robert Russell Hutson, Jr., also known as Rusty, is Founder of Diversified Gas & Oil PLC. Mr. Hutson was Chief Executive Officer at Atlas Resources, L.L.C. (also known as New MGP) since June 30, 2017. He serves as Chief Executive Officer of DGOC Partnership Holdings, LLC, a managing general partner of DGOC Series 18(C), L.P. and DGOC Series 18B L.P. since 2001. He has been Chief Executive Officer of DGOC Partnership Holdings, LLC at Atlas America Public #9 Ltd. since June 30, 2017. He served as the Chief Executive Officer and President of Diversified Gas & Oil PLC since 2001. Prior to founding Diversified Gas & Oil in 2001, Mr. Hutson held finance and accounting roles for 13 years at Bank One (Columbus, OH) and Compass Bank (Birmingham, AL). He finished his banking career as Chief Financial Officer of Compass Financial Services. He has been Director of DGOC Partnership Holdings, LLC at Atlas America Public #9 Ltd since June 30, 2017. He has been a Director of Atlas Resources, L.L.C. since June 30, 2017. He has been a Director of Diversified Gas & Oil PLC since July 31, 2014. Mr. Hutson has a B.S. degree in Accounting from Fairmont State College - West Virginia. He is a former Certified Public Accountant (Ohio).

CEO Compensation
  • Rusty's compensation has increased by more than 20% in the past year.
  • Insufficient data for Rusty to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Diversified Gas & Oil management team in years:

1
Average Tenure
51
Average Age
  • The average tenure for the Diversified Gas & Oil management team is less than 2 years, this suggests a new team.
Management Team

Rusty Hutson

TITLE
Founder
COMPENSATION
$122K
AGE
49

Eric Williams

TITLE
Chief Financial Officer
AGE
39
TENURE
1.8 yrs

Brad Gray

TITLE
Executive VP
COMPENSATION
$405K
AGE
50
TENURE
3.3 yrs

Michael Garrett

TITLE
VP of Accounting & Controller
TENURE
1 yrs

David Myers

TITLE
Chief Information Officer
TENURE
0.7 yrs

Bill Smith

TITLE
Vice President of Human Resources
TENURE
0.8 yrs

Bob Cayton

TITLE
Senior Vice President of Operations
AGE
56
TENURE
1.8 yrs

Jack Crook

TITLE
Senior Vice President of Environmental
AGE
59
TENURE
1.8 yrs

Dora Silvis

TITLE
Executive Vice President
TENURE
1 yrs

Bill Kurtz

TITLE
Senior Vice President of Land
AGE
52
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Diversified Gas & Oil board of directors in years:

3.4
Average Tenure
54
Average Age
  • The tenure for the Diversified Gas & Oil board of directors is about average.
Board of Directors

Rusty Post

TITLE
Non-Executive Chairman
COMPENSATION
$363K
AGE
61

Rusty Hutson

TITLE
Founder
COMPENSATION
$122K
AGE
49
TENURE
4.8 yrs

Brad Gray

TITLE
Executive VP
COMPENSATION
$405K
AGE
50
TENURE
2.5 yrs

David Johnson

TITLE
Senior Independent Non-Executive Director
COMPENSATION
$59K
AGE
58
TENURE
2.2 yrs

Martin Thomas

TITLE
Independent Non-Executive Director
COMPENSATION
$63K
AGE
54
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Diversified Gas & Oil insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
29. Jan 19 Buy Bradley Gray Individual 28. Jan 19 28. Jan 19 15,000 £1.13 £16,950
28. Jan 19 Buy David Johnson Individual 28. Jan 19 28. Jan 19 10,000 £1.10 £10,968
28. Jan 19 Buy Martin Thomas Individual 28. Jan 19 28. Jan 19 10,000 £1.10 £11,000
28. Jan 19 Buy Robert Post Individual 28. Jan 19 28. Jan 19 200,000 £1.10 £219,560
28. Jan 19 Buy Robert Hutson Individual 28. Jan 19 28. Jan 19 250,000 £1.10 £274,450
12. Oct 18 Buy Bradley Gray Individual 11. Oct 18 11. Oct 18 12,500 £1.08 £13,438
X
Management checks
We assess Diversified Gas & Oil'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. Diversified Gas & Oil 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

Are Diversified Gas & Oil PLC's (LON:DGOC) Interest Costs Too High?

However, an important fact which most ignore is: how financially healthy is the business? … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

2 Days Left To Cash In On Diversified Gas & Oil PLC (LON:DGOC) Dividend

Investors who want to cash in on Diversified Gas & Oil PLC's (LON:DGOC) upcoming dividend of US$0.034 per share have only 2 days left to buy the shares before its ex-dividend date, 11 April 2019, in time for dividends payable on the 28 June 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Diversified Gas & Oil's latest financial data to analyse its dividend attributes. … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

If You Had Bought Diversified Gas & Oil (LON:DGOC) Stock A Year Ago, You'd Be Sitting On A -44% Loss, Today

To wit, the Diversified Gas & Oil PLC (LON:DGOC) share price is 44% higher than it was a year ago, much better than the market return of around 0.8% (not including dividends) in the same period. … Note that businesses generally develop over the long term, so it the returns over the last year might not reflect a long term trend. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

How Many Insiders Bought Diversified Gas & Oil PLC (LON:DGOC) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So before you buy or sell Diversified Gas & Oil PLC (LON:DGOC), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Diversified Gas & Oil PLC’s (LON:DGOC) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Diversified Gas & Oil PLC's (LON:DGOC) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Diversified Gas & Oil PLC (LON:DGOC), with a market cap of UK£640m. … However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is

Simply Wall St -

Diversified Gas & Oil PLC (LON:DGOC): The Best Of Both Worlds

Diversified Gas & Oil PLC (LON:DGOC) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of DGOC, it

Simply Wall St -

Investors In Diversified Gas & Oil PLC (LON:DGOC) Should Consider This Data

Diversified Gas & Oil PLC (LON:DGOC) has started paying a dividend to shareholders. … Does Diversified Gas & Oil tick all the boxes of a great dividend stock? … 5 checks you should do on a dividend stock

Simply Wall St -

Should We Worry About Diversified Gas & Oil PLC's (LON:DGOC) P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Diversified Gas & Oil's P/E ratio is 30.42. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Does Diversified Gas & Oil PLC's (LON:DGOC) Ownership Structure Look Like?

In this article, I will take a quick look at Diversified Gas & Oil PLC’s (LON:DGOC) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine DGOC's ownership structure in more detail.

Simply Wall St -

Company Info

Description

Diversified Gas & Oil PLC operates as an oil and gas producer in the Appalachian Basin of the United States. It holds interests in various properties covering 7.6 million acres of conventional gas and oil HBP leases located in Pennsylvania, Ohio, and West Virginia. The company was founded in 2001 and is headquartered in Birmingham, Alabama.

Details
Name: Diversified Gas & Oil PLC
DGOC
Exchange: AIM
Founded: 2001
£843,415,441
694,169,088
Website: http://www.dgoc.com
Address: Diversified Gas & Oil PLC
1100 Corporate Drive,
Birmingham,
Alabama, 35242,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM DGOC Share Capital London Stock Exchange AIM Market GB GBP 03. Feb 2017
OTCPK DGAO.F Share Capital Pink Sheets LLC US USD 03. Feb 2017
DB DG2 Share Capital Deutsche Boerse AG DE EUR 03. Feb 2017
BST DG2 Share Capital Boerse-Stuttgart DE EUR 03. Feb 2017
Number of employees
Current staff
Staff numbers
600
Diversified Gas & Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:17
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.