AIM:PXOG

Stock Analysis Report

Executive Summary

Prospex Oil And Gas Plc operates as an oil and gas investment company in Europe.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Prospex Oil And Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PXOG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

29.2%

PXOG

-1.5%

GB Oil and Gas

-3.3%

GB Market


1 Year Return

-53.0%

PXOG

-39.8%

GB Oil and Gas

-25.0%

GB Market

Return vs Industry: PXOG underperformed the UK Oil and Gas industry which returned -39.8% over the past year.

Return vs Market: PXOG underperformed the UK Market which returned -25% over the past year.


Shareholder returns

PXOGIndustryMarket
7 Day29.2%-1.5%-3.3%
30 Day-35.4%-24.3%-19.5%
90 Day-38.0%-39.1%-28.9%
1 Year-53.0%-53.0%-36.7%-39.8%-21.0%-25.0%
3 Year-84.3%-84.3%-19.4%-29.6%-14.7%-25.8%
5 Year-99.4%-99.4%-2.3%-22.5%-1.5%-24.1%

Price Volatility Vs. Market

How volatile is Prospex Oil And Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Prospex Oil And Gas undervalued compared to its fair value and its price relative to the market?

1.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: PXOG is good value based on its PE Ratio (1.6x) compared to the Oil and Gas industry average (3x).

PE vs Market: PXOG is good value based on its PE Ratio (1.6x) compared to the UK market (12.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PXOG is good value based on its PB Ratio (0.2x) compared to the GB Oil and Gas industry average (0.4x).


Next Steps

Future Growth

How is Prospex Oil And Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

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 Prospex Oil And Gas 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 Prospex Oil And Gas performed over the past 5 years?

-9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXOG has a high level of non-cash earnings.

Growing Profit Margin: PXOG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PXOG has become profitable over the past 5 years, growing earnings by -9.4% per year.

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

Earnings vs Industry: PXOG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (47.5%).


Return on Equity

High ROE: PXOG's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Prospex Oil And Gas's financial position?


Financial Position Analysis

Short Term Liabilities: PXOG's short term assets (£723.3K) exceed its short term liabilities (£400.5K).

Long Term Liabilities: PXOG's short term assets (£723.3K) exceed its long term liabilities (£240.0K).


Debt to Equity History and Analysis

Debt Level: PXOG's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: PXOG's debt to equity ratio has reduced from 13.6% to 7.6% over the past 5 years.


Balance Sheet

Inventory Level: PXOG has a low level of unsold assets or inventory.

Debt Coverage by Assets: PXOG's debt is covered by short term assets (assets are 1.5x 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: PXOG is profitable, therefore cash runway is not a concern.

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


Next Steps

Dividend

What is Prospex Oil And Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PXOG'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 PXOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PXOG'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 PXOG'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?

5.0yrs

Average board tenure


CEO

Edward Dawson

no data

Tenure

UK£147,283

Compensation

Mr. Edward Roland Dawson serves as the Chief Executive Officer and Managing Director of Peppercoast Petroleum Plc and has been its Director since April 14, 2015. Mr. Dawson serves as Chief Executive Office ...


CEO Compensation Analysis

Compensation vs Market: Edward's total compensation ($USD183.37K) is below average for companies of similar size in the UK market ($USD334.31K).

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


Board Members

NamePositionTenureCompensationOwnership
Edward Dawson
CEO, MD & Directorno dataUK£147.28k2.5% £42.8k
William Smith
Non-Executive Chairmanno dataUK£18.00k1.92% £32.9k
James Smith
Non-Executive Director3.33yrsUK£20.40k1.96% £33.6k
Richard Mays
Non-Executive Director5yrsUK£15.00k0.13% £2.2k

5.0yrs

Average Tenure

58yo

Average Age

Experienced Board: PXOG's board of directors are considered experienced (5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PXOG insiders have bought more shares than they have sold 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 40.1%.


Top Shareholders

Company Information

Prospex Oil And Gas Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prospex Oil And Gas Plc
  • Ticker: PXOG
  • Exchange: AIM
  • Founded: 1999
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£1.716m
  • Shares outstanding: 2.21b
  • Website: https://www.prospexoilandgas.com

Number of Employees


Location

  • Prospex Oil And Gas Plc
  • Stonebridge House
  • Chelmsford Road
  • Essex
  • Essex
  • CM22 7BD
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PXOGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2000

Biography

Prospex Oil And Gas Plc operates as an oil and gas investment company in Europe. It has 50% economic interest in the exploration area of the EIV-1 Suceava Concession in Romania; and 17% working interest in the Podere Gallina Exploration Permit located in onshore northern Italy in Po Valley Basin. It also holds a 15% interest in the Tesorillo project comprising 38,000 ha in Cadiz Province of southern Spain. The company was formerly known as Premier Gold Resources Plc and changed its name to Prospex Oil And Gas Plc in April 2015. Prospex Oil And Gas Plc was incorporated in 1999 and is based in Essex, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 20:43
End of Day Share Price2020/04/01 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.