Panoro Energy ASA engages in the exploration, development, and production of oil and gas in North and West Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr22.15|
|52 Week High||kr8.52|
|52 Week Low||kr25.20|
|1 Month Change||14.65%|
|3 Month Change||-7.52%|
|1 Year Change||115.05%|
|3 Year Change||2.55%|
|5 Year Change||440.24%|
|Change since IPO||-76.18%|
Recent News & Updates
These 4 Measures Indicate That Panoro Energy (OB:PEN) Is Using Debt In A Risky Way
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|PEN||NO Oil and Gas||NO Market|
Return vs Industry: PEN exceeded the Norwegian Oil and Gas industry which returned 42.8% over the past year.
Return vs Market: PEN exceeded the Norwegian Market which returned 21.3% over the past year.
Stable Share Price: PEN is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PEN's weekly volatility (7%) has been stable over the past year.
About the Company
Panoro Energy ASA engages in the exploration, development, and production of oil and gas in North and West Africa. The company holds assets in the Dussafu License located in the offshore southern Gabon; and Sfax Offshore Exploration Permit and Ras El Besh Concession located in offshore Tunisia, as well as operates assets on and offshore Tunisia. As of December 31, 2020, its 1P reserves included 8.05 million barrels of oil (MMbbls); 2P reserves comprised 12.30 MMbbls; and 3P reserves consisted of 16.46 MMbbls.
Is Panoro Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PEN (NOK22.15) is trading below our estimate of fair value (NOK57.47)
Significantly Below Fair Value: PEN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PEN is good value based on its PE Ratio (5.9x) compared to the Norwegian Oil and Gas industry average (10x).
PE vs Market: PEN is good value based on its PE Ratio (5.9x) compared to the Norwegian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: PEN is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PEN is overvalued based on its PB Ratio (1.5x) compared to the NO Oil and Gas industry average (1x).
How is Panoro Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEN's forecast earnings growth (8.9% per year) is above the savings rate (1.2%).
Earnings vs Market: PEN's earnings (8.9% per year) are forecast to grow slower than the Norwegian market (10.2% per year).
High Growth Earnings: PEN's earnings are forecast to grow, but not significantly.
Revenue vs Market: PEN's revenue (8.1% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: PEN's revenue (8.1% per year) is forecast to grow slower 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 (27.5%)
How has Panoro Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEN has a large one-off gain of $47.7M impacting its June 30 2021 financial results.
Growing Profit Margin: PEN's current net profit margins (96.8%) are higher than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: PEN has become profitable over the past 5 years, growing earnings by 61.9% per year.
Accelerating Growth: PEN's earnings growth over the past year (2235.3%) exceeds its 5-year average (61.9% per year).
Earnings vs Industry: PEN earnings growth over the past year (2235.3%) exceeded the Oil and Gas industry 176.2%.
Return on Equity
High ROE: PEN's Return on Equity (24.5%) is considered high.
How is Panoro Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PEN's short term assets ($160.2M) exceed its short term liabilities ($93.2M).
Long Term Liabilities: PEN's short term assets ($160.2M) do not cover its long term liabilities ($329.7M).
Debt to Equity History and Analysis
Debt Level: PEN's debt to equity ratio (52.3%) is considered high.
Reducing Debt: Insufficient data to determine if PEN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PEN's debt is well covered by operating cash flow (64.8%).
Interest Coverage: PEN's interest payments on its debt are well covered by EBIT (8.1x coverage).
What is Panoro Energy current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PEN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PEN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PEN's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
John Hamilton (56 yo)
Mr. John Andrew Hamilton, FCCA is Director at Magnora ASA since December 18, 2018. He has been Chief Executive Officer at Panoro Energy ASA since May 13, 2015. Mr. Hamilton has been Senior Advisor of Presi...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.09M) is above average for companies of similar size in the Norwegian market ($USD544.80K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Board: PEN's board of directors are considered experienced (6.3 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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 64.3%.
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
- Market Cap: kr2.511b
- Shares outstanding: 113.38m
- Website: https://www.panoroenergy.com
Number of Employees
- Panoro Energy ASA
- RuselOekkveien 14
- PO box 1444
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/17 22:30|
|End of Day Share Price||2021/09/17 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.