OB:PNOR

Stock Analysis Report

Executive Summary

PetroNor E&P Ltd. operates as an oil and gas exploration and production company in West Africa.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has PetroNor E&P's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

PNOR

-0.6%

NO Oil and Gas

-1.0%

NO Market


1 Year Return

n/a

PNOR

-22.7%

NO Oil and Gas

-9.4%

NO Market

Return vs Industry: Insufficient data to determine how PNOR performed against the Norwegian Oil and Gas industry.

Return vs Market: Insufficient data to determine how PNOR performed against the Norwegian Market.


Shareholder returns

PNORIndustryMarket
7 Day-0.6%-0.6%-1.0%
30 Day-16.8%-3.4%-1.9%
90 Dayn/a-0.8%-0.9%
1 Yearn/a-19.0%-22.7%-4.5%-9.4%
3 Yearn/a46.7%28.7%40.1%21.9%
5 Yearn/a52.9%21.0%63.3%25.7%

Price Volatility Vs. Market

How volatile is PetroNor E&P's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is PetroNor E&P undervalued compared to its fair value and its price relative to the market?

0.0015x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate PNOR's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate PNOR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PNOR is good value based on its PE Ratio (0x) compared to the Oil and Gas industry average (22.5x).

PE vs Market: PNOR is good value based on its PE Ratio (0x) compared to the Norwegian market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PNOR is good value based on its PB Ratio (0x) compared to the NO Oil and Gas industry average (1x).


Next Steps

Future Growth

How is PetroNor E&P forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNOR's earnings are forecast to decline over the next 3 years (-3.3% per year).

Earnings vs Market: PNOR's earnings are forecast to decline over the next 3 years (-3.3% per year).

High Growth Earnings: PNOR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if PNOR's revenue is forecast to grow faster than the Norwegian market.

High Growth Revenue: Insufficient data to determine if PNOR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PNOR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has PetroNor E&P performed over the past 5 years?

34.4%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if PNOR's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare PNOR's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: PNOR earnings growth over the past year (34.4%) exceeded the Oil and Gas industry 29.3%.


Return on Equity

High ROE: PNOR's Return on Equity (64.2%) is considered outstanding.


Return on Assets

ROA vs Industry: PNOR has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate PNOR's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is PetroNor E&P's financial position?


Financial Position Analysis

Short Term Liabilities: PNOR's short term assets ($38.7M) exceeds its short term liabilities ($9.6M)

Long Term Liabilities: PNOR's short term assets (38.7M) exceeds its long term liabilities (20.6M)


Debt to Equity History and Analysis

Debt Level: PNOR's debt to equity ratio (26.6%) is considered satisfactory

Reducing Debt: Insufficient data to determine if PNOR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PNOR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PNOR's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet

Inventory Level: PNOR has a high level of physical assets or inventory.

Debt Coverage by Assets: PNOR's debt is covered by short term assets (assets are 5.464630x debt).


Next Steps

Dividend

What is PetroNor E&P's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.3%industryaverage5.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Stable Dividend: Insufficient data to determine if PNOR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PNOR'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 PNOR's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

What is the CEO of PetroNor E&P's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

George Pace 0

4.1yrs

Tenure

0

Mr. Jens Pace, also known as George, has been the Chief Executive Officer of African Petroleum Corp Ltd. since September 30, 2015. Mr. Pace served as the Chief Operating Officer of African Petroleum Corp L ...


Management Age and Tenure

2.2yrs

Average Tenure

Experienced Management: PNOR's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

3.9yrs

Average Tenure

Experienced Board: PNOR's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Stephen West

    CFO & Executive Director

    • Tenure: 3.9yrs
  • Michael Barrett

    Exploration Director

    • Tenure: 0yrs
  • George Pace

    CEO & Executive Director

    • Tenure: 4.1yrs
  • Claus Frimann-Dahl

    Chief Technical Officer

    • Tenure: 0.5yrs
  • Knut Søvold

    COO & Executive Director

    • Tenure: 0.5yrs

Board Members

  • Dave King (72yo)

    Director

    • Tenure: 6.3yrs
  • Tim Turner

    Non-Executive Director

    • Tenure: 9.3yrs
  • Stephen West

    CFO & Executive Director

    • Tenure: 3.9yrs
  • George Pace

    CEO & Executive Director

    • Tenure: 4.1yrs
  • Anders Moe

    Independent Non-Executive Director

    • Tenure: 5.3yrs
  • Eyas Alhomouz

    Chairman

    • Tenure: 0.5yrs
  • Knut Søvold

    COO & Executive Director

    • Tenure: 0.5yrs
  • Joseph Iskander

    Non-Executive Director

    • Tenure: 0.5yrs

Company Information

PetroNor E&P Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PetroNor E&P Ltd.
  • Ticker: PNOR
  • Exchange: OB
  • Founded: 2017
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: kr1.018b
  • Shares outstanding: 971.67m
  • Website: https://www.petronorep.com/

Number of Employees


Location

  • PetroNor E&P Ltd.
  • 48 Dover Street
  • London
  • Greater London
  • W1S 4FF
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNOROB (Oslo Bors)YesShare CapitalNONOKJun 2017

Biography

PetroNor E&P Ltd. operates as an oil and gas exploration and production company in West Africa. It holds 5 licences in the Republic of Congo, Senegal, and The Gambia, as well as has proved and probable res ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 22:06
End of Day Share Price2019/10/14 00:00
Earnings2018/12/31
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.