OB:PNOR

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.

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

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


Market Performance


7 Day Return

10.5%

PNOR

-0.2%

NO Oil and Gas

-0.05%

NO Market


1 Year Return

48.5%

PNOR

-24.2%

NO Oil and Gas

-6.4%

NO Market

Return vs Industry: PNOR exceeded the Norwegian Oil and Gas industry which returned -24% over the past year.

Return vs Market: PNOR exceeded the Norwegian Market which returned -6.3% over the past year.


Shareholder returns

PNORIndustryMarket
7 Day10.5%-0.2%-0.05%
30 Day33.6%-6.6%-0.05%
90 Day70.3%-6.9%2.4%
1 Year48.5%48.5%-19.9%-24.2%-3.2%-6.4%
3 Yearn/a-5.7%-17.7%2.9%-8.7%
5 Yearn/a21.3%-3.8%43.9%14.5%

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

Valuation

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

28.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PNOR (NOK1.57) is trading above our estimate of fair value (NOK1.12)

Significantly Below Fair Value: PNOR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PNOR is unprofitable, so we can't compare its PE Ratio to the NO Oil and Gas industry average.

PE vs Market: PNOR is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

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 overvalued based on its PB Ratio (28.4x) compared to the NO Oil and Gas industry average (0.6x).


Next Steps

Future Growth

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

111.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNOR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: PNOR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PNOR's is expected to become profitable in the next 3 years.

Revenue vs Market: PNOR's revenue is expected to decline over the next 3 years (-12.1% per year).

High Growth Revenue: PNOR's revenue is forecast to decline over the next 3 years (-12.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PNOR's Return on Equity is forecast to be high in 3 years time (26.8%)


Next Steps

Past Performance

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

-586.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PNOR is currently unprofitable.

Growing Profit Margin: PNOR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PNOR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare PNOR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PNOR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (699.5%).


Return on Equity

High ROE: PNOR has a negative Return on Equity (-76.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is PetroNor E&P's financial position?


Financial Position Analysis

Short Term Liabilities: PNOR's short term assets ($45.1M) exceed its short term liabilities ($24.1M).

Long Term Liabilities: PNOR's short term assets ($45.1M) exceed its long term liabilities ($29.8M).


Debt to Equity History and Analysis

Debt Level: PNOR's debt to equity ratio (80.9%) is considered high.

Reducing Debt: Insufficient data to determine if PNOR's debt to equity ratio has reduced 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: Whilst unprofitable PNOR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PNOR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.8% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PNOR'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 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

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average board tenure


CEO

Knut Sovold

0.67

Tenure

Mr. Knut Søvold has been the Chief Executive Officer of PetroNor E&P Ltd., since February 29, 2020 and had been its Executive Director since August 30, 2019 until May 29, 2020. Mr. Søvold served as Chief O ...


Board Members

NamePositionTenureCompensationOwnership
Roger Steinepreis
Independent Non-Executive Director0.50yrno datano data
Jens Pace
Non-Executive Director4.92yrsno data0.15%
$ 2.4m
Eyas Alhomouz
Independent Non-Executive Chairman1.17yrsno datano data
Joseph Iskander
Non-Executive Director1.17yrsno datano data
Alexander Neuling
Independent Non-Executive Director0.50yrno datano data
Gerhard Ludvigsen
Non-Executive Director0.42yrno data4.12%
$ 63.0m
Ingvil Tybring-Gjedde
Independent Non-Executive Director0.42yrno datano data

0.5yrs

Average Tenure

Experienced Board: PNOR's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: PetroNor E&P Limited
  • Ticker: PNOR
  • Exchange: OB
  • Founded: 2017
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: kr1.529b
  • Shares outstanding: 971.67m
  • Website: https://www.petronorep.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNOROB (Oslo Bors)YesShare CapitalNONOKJun 2017
PNOROBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBNOKJun 2017

Biography

PetroNor E&P Limited operates as an oil and gas exploration and production company in West Africa. It holds 6 licenses in the Republic of Congo, Senegal, Nigeria, and The Gambia, as well as has proved and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/17 22:00
End of Day Share Price2020/10/16 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.