Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company.
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Petrel Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PET's share price has been volatile over the past 3 months.
7 Day Return
GB Oil and Gas
1 Year Return
GB Oil and Gas
Return vs Industry: PET exceeded the UK Oil and Gas industry which returned -35.9% over the past year.
Return vs Market: PET exceeded the UK Market which returned -15.3% over the past year.
Price Volatility Vs. Market
How volatile is Petrel Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StCould The Petrel Resources Plc (LON:PET) Ownership Structure Tell Us Something Useful?
4 months ago | Simply Wall StWhat Kind Of Shareholders Own Petrel Resources Plc (LON:PET)?
7 months ago | Simply Wall StWe're Keeping An Eye On Petrel Resources's (LON:PET) Cash Burn Rate
Is Petrel Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PET's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PET's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PET is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: PET is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PET's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PET is overvalued based on its PB Ratio (8.9x) compared to the GB Oil and Gas industry average (0.4x).
How is Petrel Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Petrel Resources 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.
- Examine Petrel Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Petrel Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Petrel Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PET is currently unprofitable.
Growing Profit Margin: PET is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PET is unprofitable, but has reduced losses over the past 5 years at a rate of 2.3% per year.
Accelerating Growth: Unable to compare PET's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PET is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-7.6%).
Return on Equity
High ROE: PET has a negative Return on Equity (-257.81%), as it is currently unprofitable.
How is Petrel Resources's financial position?
Financial Position Analysis
Short Term Liabilities: PET's short term assets (€405.8K) do not cover its short term liabilities (€629.9K).
Long Term Liabilities: PET has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PET is debt free.
Reducing Debt: PET has not had any debt for past 5 years.
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: PET has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PET is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.
What is Petrel Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PET'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 PET's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PET'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 PET's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
David Horgan (61yo)
Mr. David Horgan serves as Director at Botswana Diamonds Plc and African Diamonds Limited. Mr. Horgan has extensive African experience. He has over 20 years’ experience in oil and gas and resources project ...
|Executive Chairman||23.5yrs||€30.00k||3.63% €222.0k|
|MD & Executive Director||no data||€30.00k||2.82% €172.8k|
|Non-Executive Director||0.83yr||no data||10% €612.3k|
|Independent Non-Executive Director||1.08yrs||no data||no data|
Experienced Board: PET's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.8%.
Petrel Resources Plc's company bio, employee growth, exchange listings and data sources
- Name: Petrel Resources Plc
- Ticker: PET
- Exchange: AIM
- Founded: 1982
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£6.123m
- Shares outstanding: 149.35m
- Website: https://www.petrelresources.com
Number of Employees
- Petrel Resources Plc
- 162 Clontarf Road
- Co. Dublin
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PQ4||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Aug 1997|
|PET||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Aug 1997|
Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company. The company holds a 100% interest in the Frontier Exploration Licence 3/14, 10% interest in the Frontier License 11/18, and 100% interest in the Licence Option 16/24, which are located in the Atlantic Porcupine Basin, Ireland. It also holds a 30% working interest in the Tano 2A Block covering an area of 1,532 square kilometers in Ghana; and 100% working interest in the Western Desert Block 6 located in Iraq. The company was founded in 1982 and is based in Dublin, Ireland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/06 20:56|
|End of Day Share Price||2020/07/06 00:00|
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.