PEN Stock Overview
Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas in Africa.
Panoro Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr25.60|
|52 Week High||kr35.64|
|52 Week Low||kr18.74|
|1 Month Change||-21.90%|
|3 Month Change||-9.22%|
|1 Year Change||11.79%|
|3 Year Change||42.86%|
|5 Year Change||432.23%|
|Change since IPO||-72.47%|
Recent News & Updates
Panoro Energy ASA's (OB:PEN) Intrinsic Value Is Potentially 97% Above Its Share Price
In this article we are going to estimate the intrinsic value of Panoro Energy ASA ( OB:PEN ) by estimating the...
|PEN||NO Oil and Gas||NO Market|
Return vs Industry: PEN underperformed the Norwegian Oil and Gas industry which returned 54.4% over the past year.
Return vs Market: PEN exceeded the Norwegian Market which returned -3.3% over the past year.
|PEN Average Weekly Movement||7.7%|
|Oil and Gas Industry Average Movement||7.3%|
|Market Average Movement||6.7%|
|10% most volatile stocks in NO Market||11.5%|
|10% least volatile stocks in NO Market||3.6%|
Stable Share Price: PEN is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: PEN's weekly volatility (8%) has been stable over the past year.
About the Company
Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas in Africa. The company holds assets in the Equatorial Guinea, Gabon, Tunisia, South Africa, and Nigeria. As of December 31, 2021, its 1P reserves included 71.5 million barrels of oil (MMbbls), 2P reserves comprised 99.7 MMbbls, and 3P reserves consisted of 131.3 MMbbls in the Tortue, Ruche, Ruche Northeast, and Hibiscus fields.
Panoro Energy Fundamentals Summary
|PEN fundamental statistics|
Is PEN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PEN income statement (TTM)|
|Cost of Revenue||US$35.93m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 30, 2022
|Earnings per share (EPS)||-0.16|
|Net Profit Margin||-34.47%|
How did PEN perform over the long term?See historical performance and comparison
Is PEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PEN?
Other financial metrics that can be useful for relative valuation.
|What is PEN's n/a Ratio?|
Price to Sales Ratio vs Peers
How does PEN's PS Ratio compare to its peers?
|PEN PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
NOR Norwegian Energy
BWE BW Energy
RAKP RAK Petroleum
PEN Panoro Energy
Price-To-Sales vs Peers: PEN is expensive based on its Price-To-Sales Ratio (5x) compared to the peer average (1.1x).
Price to Earnings Ratio vs Industry
How does PEN's PE Ratio compare vs other companies in the NO Oil and Gas Industry?
Price-To-Sales vs Industry: PEN is expensive based on its Price-To-Sales Ratio (5x) compared to the Norwegian Oil and Gas industry average (1.3x)
Price to Sales Ratio vs Fair Ratio
What is PEN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||5x|
|Fair PS Ratio||2.6x|
Price-To-Sales vs Fair Ratio: PEN is expensive based on its Price-To-Sales Ratio (5x) compared to the estimated Fair Price-To-Sales Ratio (2.6x).
Share Price vs Fair Value
What is the Fair Price of PEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PEN (NOK25.6) is trading below our estimate of fair value (NOK60.47)
Significantly Below Fair Value: PEN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
How is Panoro Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: PEN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PEN is expected to become profitable in the next 3 years.
Revenue vs Market: PEN's revenue (31.1% per year) is forecast to grow faster than the Norwegian market (0.4% per year).
High Growth Revenue: PEN's revenue (31.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PEN's Return on Equity is forecast to be high in 3 years time (38.9%)
Discover growth companies
How has Panoro Energy performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEN is currently unprofitable.
Growing Profit Margin: PEN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PEN is unprofitable, but has reduced losses over the past 5 years at a rate of 62.6% per year.
Accelerating Growth: Unable to compare PEN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PEN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (27.2%).
Return on Equity
High ROE: PEN has a negative Return on Equity (-19.83%), as it is currently unprofitable.
Discover strong past performing companies
How is Panoro Energy's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PEN's short term assets ($120.4M) do not cover its short term liabilities ($121.6M).
Long Term Liabilities: PEN's short term assets ($120.4M) do not cover its long term liabilities ($286.3M).
Debt to Equity History and Analysis
Debt Level: PEN's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: PEN's debt to equity ratio has increased from 1% to 50.6% over the 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: Insufficient data to determine if PEN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PEN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Discover healthy companies
What is Panoro Energy current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PEN'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 PEN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PEN's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as PEN has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
John Hamilton (57 yo)
Mr. John Andrew Hamilton, FCCA is Director at Magnora ASA since December 18, 2018. He has been Chief Executive Officer at Panoro Energy ASA since May 13, 2015. Mr. Hamilton has been Senior Advisor of Presi...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.58M) is above average for companies of similar size in the Norwegian market ($USD494.06K).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
Experienced Board: PEN's board of directors are considered experienced (7.3 years average tenure).
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.
Recent Insider Transactions
|14 Dec 21||Buykr1,937,084||Julien Olivier Balkany||Individual||100,000||kr19.37|
|29 Nov 21||Buykr91,276||Garrett Soden||Individual||4,592||kr19.88|
|14 Oct 21||Buykr76,200||Hilde Adland||Individual||3,000||kr25.40|
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 85.2%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Panoro Energy ASA's employee growth, exchange listings and data sources
- Name: Panoro Energy ASA
- Ticker: PEN
- Exchange: OB
- Founded: 2009
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: kr5.375b
- Shares outstanding: 209.96m
- Website: https://www.panoroenergy.com
Number of Employees
- Panoro Energy ASA
- 78 Brook Street
- Greater London
- W1K 5EF
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PEN||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jun 2010|
|1PZ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2010|
|0N08||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jun 2010|
|PESA.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2010|
|PENo||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jun 2010|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/23 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.