AIM:PET

Stock Analysis Report

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Executive Summary

Petrel Resources Plc, together with its subsidiaries, operates as an oil and gas exploration company.


Snowflake Analysis

Mediocre 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.


Market Performance


7 Day Return

8.1%

PET

14.0%

GB Oil and Gas

5.5%

GB Market


1 Year Return

316.7%

PET

-26.5%

GB Oil and Gas

-9.2%

GB Market

Return vs Industry: PET exceeded the UK Oil and Gas industry which returned -26.5% over the past year.

Return vs Market: PET exceeded the UK Market which returned -9.2% over the past year.


Shareholder returns

PETIndustryMarket
7 Day8.1%14.0%5.5%
30 Day8.1%17.9%10.8%
90 Day-28.6%-1.2%-0.4%
1 Year316.7%316.7%-22.1%-26.5%-4.8%-9.2%
3 Year29.0%29.0%7.8%-6.6%-0.8%-12.9%
5 Year60.0%60.0%18.3%-5.9%18.1%-8.2%

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

Valuation

Is Petrel Resources undervalued compared to its fair value and its price relative to the market?

2.56x

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 (2.6x) compared to the GB Oil and Gas industry average (0.5x).


Next Steps

Future Growth

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

56.2%

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 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.


Next Steps

Past Performance

How has Petrel Resources performed over the past 5 years?

-1.2%

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, and losses have increased over the past 5 years at a rate of -1.2% 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 (-2.2%).


Return on Equity

High ROE: PET has a negative Return on Equity (-11.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is Petrel Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PET's short term assets (€237.0K) do not cover its short term liabilities (€643.0K).

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.


Balance Sheet


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: Insufficient data to determine if PET has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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.


Next Steps

Management

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

0.9yrs

Average board tenure


CEO

David Horgan (60yo)

no data

Tenure

€30,000

Compensation

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 ...


Board Members

NamePositionTenureCompensationOwnership
John Teeling
Executive Chairman23.42yrs€30.00k3.63% 270.7k
David Horgan
MD & Executive Directorno data€30.00k2.82% 210.8k
James Finn
Finance Directorno datano data1.2% 89.3k
Michel Fayad
Non-Executive Director0.75yrno datano data
Riadh Hameed
Independent Non-Executive Director1yrno datano data
Roger Tamraz
Non Executive Director0.75yrno data10% 746.7k

0.9yrs

Average Tenure

60yo

Average Age

Experienced Board: PET's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.8%.


Top Shareholders

Company Information

Petrel Resources Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petrel Resources Plc
  • Ticker: PET
  • Exchange: AIM
  • Founded: 1982
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£7.467m
  • Shares outstanding: 149.35m
  • Website: https://www.petrelresources.com

Number of Employees


Location

  • Petrel Resources Plc
  • 162 Clontarf Road
  • Dublin
  • Co. Dublin
  • 3
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PQ4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 1997
PETAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPAug 1997

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/07 00:05
End of Day Share Price2020/06/05 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.