Executive Summary
PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Imperfect balance sheet and overvalued.
Share Price & News
How has PetroNeft Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: P8ET's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-45.2%
P8ET
5.4%
IE Oil and Gas
-1.3%
IE Market
1 Year Return
-54.1%
P8ET
-29.1%
IE Oil and Gas
-19.8%
IE Market
Return vs Industry: P8ET underperformed the Irish Oil and Gas industry which returned -30.2% over the past year.
Return vs Market: P8ET underperformed the Irish Market which returned -21.4% over the past year.
Shareholder returns
| P8ET | Industry | Market | |
|---|---|---|---|
| 7 Day | -45.2% | 5.4% | -1.3% |
| 30 Day | -15.0% | -0.8% | -18.2% |
| 90 Day | -52.8% | -30.1% | -28.8% |
| 1 Year | -54.1%-54.1% | -25.0%-29.1% | -18.4%-19.8% |
| 3 Year | -73.4%-73.4% | -1.1%-15.3% | -7.6%-12.1% |
| 5 Year | -85.8%-85.8% | 6.9%-17.7% | 10.6%1.5% |
Price Volatility Vs. Market
How volatile is PetroNeft Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
What Kind Of Shareholder Appears On The PetroNeft Resources plc's (ISE:P8ET) Shareholder Register?2 months ago | Simply Wall St
PetroNeft Resources (ISE:P8ET) Is Making Moderate Use Of Debt4 months ago | Simply Wall St
How Much Of PetroNeft Resources plc (ISE:P8ET) Do Insiders Own?Valuation
Is PetroNeft Resources undervalued compared to its fair value and its price relative to the market?
0.21x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate P8ET's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate P8ET's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: P8ET is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: P8ET is unprofitable, so we can't compare its PE Ratio to the Irish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate P8ET's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: P8ET is good value based on its PB Ratio (0.2x) compared to the XE Oil and Gas industry average (0.5x).
Next Steps
Future Growth
How is PetroNeft Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
111.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: P8ET is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: P8ET is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: P8ET is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: P8ET's revenue (13.5% per year) is forecast to grow faster than the Irish market (4% per year).
High Growth Revenue: P8ET's revenue (13.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if P8ET's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has PetroNeft Resources performed over the past 5 years?
2.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: P8ET is currently unprofitable.
Growing Profit Margin: P8ET is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: P8ET is unprofitable, but has reduced losses over the past 5 years at a rate of 2.8% per year.
Accelerating Growth: Unable to compare P8ET's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: P8ET is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-0.6%).
Return on Equity
High ROE: P8ET has a negative Return on Equity (-26.24%), as it is currently unprofitable.
Next Steps
Financial Health
How is PetroNeft Resources's financial position?
Financial Position Analysis
Short Term Liabilities: P8ET's short term assets ($928.8K) do not cover its short term liabilities ($4.4M).
Long Term Liabilities: P8ET's short term assets ($928.8K) do not cover its long term liabilities ($3.8M).
Debt to Equity History and Analysis
Debt Level: P8ET's debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: P8ET's debt to equity ratio has reduced from 32.9% to 8.6% over the 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 P8ET has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if P8ET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is PetroNeft Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate P8ET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate P8ET'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 P8ET's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if P8ET'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 P8ET's dividend in 3 years as they are not forecast to pay a notable one for the Irish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
David Sturt (57yo)
1.08s
Tenure
US$11,751
Compensation
Mr. David Sturt has been the Chief Executive Officer of PetroNeft Resources plc since March 25, 2019. Mr. Sturt has been a Senior Vice President of Azimuth Limited since 2012. Mr. Sturt is a founding share ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.08yrs | US$11.75k | 0.49% $36.4k | |
| VP of Business Development & Operations and Secretary | 10.25yrs | no data | 0.043% $3.2k | |
| Head of Field Production | no data | no data | no data | |
| Chief Geologist & Geophysicist of Stimul-T | no data | no data | no data | |
| Chief Engineer | 8.08yrs | no data | no data | |
| Executive Director & VP of Business Development | 0.25yr | no data | no data |
4.6yrs
Average Tenure
59.5yo
Average Age
Experienced Management: P8ET's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.08yrs | US$11.75k | 0.49% $36.4k | |
| Executive Director & VP of Business Development | 0.25yr | no data | no data | |
| Non-Executive Chairman | 15.25yrs | US$17.82k | 0.38% $28.5k | |
| Independent Non-Executive Director | 4yrs | US$11.75k | no data | |
| Independent Non-Executive Director | 15.25yrs | US$11.75k | 0.27% $20.0k | |
| Non-Executive Director | 0.25yr | no data | 9.42% $702.7k |
4.0yrs
Average Tenure
48.5yo
Average Age
Experienced Board: P8ET's board of directors are considered experienced (4 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PetroNeft Resources plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PetroNeft Resources plc
- Ticker: P8ET
- Exchange: ISE
- Founded: 2003
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: €7.460m
- Shares outstanding: 828.89m
- Website: https://www.petroneft.com
Number of Employees
Location
- PetroNeft Resources plc
- 20 Holles Street
- Dublin
- Co. Dublin
- 2
- Ireland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PTR | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Sep 2006 |
| P8ET | ISE (Irish Stock Exchange) | Yes | Ordinary Shares | IE | EUR | Sep 2006 |
| PNFT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 2006 |
| P8ET | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2006 |
Biography
PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia. The company’s primary assets are a 50% operating interest in Licence 61 that covers 4,991 square kilometers in the Tomsk Oblast; and a 50% operating interest in Licence 67 covering 2,447 square kilometers located in the Tomsk Oblast. It also owns construction projects, such as well pads and on-site accommodation. PetroNeft Resources plc was founded in 2003 and is based in Dublin, Ireland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 22:33 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.