OTCPK:PMOI.Y

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Executive Summary

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally.


Snowflake Analysis

Very undervalued with proven track record.


Similar Companies

Share Price & News

How has Premier Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

7.8%

PMOI.Y

4.0%

US Oil and Gas

1.2%

US Market


1 Year Return

-39.4%

PMOI.Y

-32.3%

US Oil and Gas

16.8%

US Market

Return vs Industry: PMOI.Y exceeded the US Oil and Gas industry which returned -43% over the past year.

Return vs Market: PMOI.Y underperformed the US Market which returned 16.4% over the past year.


Shareholder returns

PMOI.YIndustryMarket
7 Day7.8%4.0%1.2%
30 Day-11.4%6.9%4.9%
90 Day40.0%6.0%20.0%
1 Year-39.4%-39.4%-29.3%-32.3%19.3%16.8%
3 Year-23.4%-23.4%-28.8%-36.3%43.7%34.4%
5 Year-68.7%-68.7%-31.2%-42.1%75.5%56.6%

Price Volatility Vs. Market

How volatile is Premier Oil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Premier Oil undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PMOI.Y ($0.49) is trading below our estimate of fair value ($5.27)

Significantly Below Fair Value: PMOI.Y is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PMOI.Y is good value based on its PE Ratio (2.5x) compared to the US Oil and Gas industry average (9.1x).

PE vs Market: PMOI.Y is good value based on its PE Ratio (2.5x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: PMOI.Y is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: PMOI.Y is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Premier Oil forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

21.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PMOI.Y's forecast earnings growth (21.4% per year) is above the savings rate (2.2%).

Earnings vs Market: PMOI.Y's earnings (21.4% per year) are forecast to grow slower than the US market (23.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PMOI.Y's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: PMOI.Y's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PMOI.Y is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Premier Oil performed over the past 5 years?

57.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PMOI.Y has high quality earnings.

Growing Profit Margin: PMOI.Y's current net profit margins (9.8%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: PMOI.Y has become profitable over the past 5 years, growing earnings by 57.2% per year.

Accelerating Growth: PMOI.Y's earnings growth over the past year (47.5%) is below its 5-year average (57.2% per year).

Earnings vs Industry: PMOI.Y earnings growth over the past year (47.5%) exceeded the Oil and Gas industry -47.9%.


Return on Equity

High ROE: PMOI.Y's Return on Equity (13.7%) is considered low.


Next Steps

Financial Health

How is Premier Oil's financial position?


Financial Position Analysis

Short Term Liabilities: PMOI.Y's short term assets ($648.6M) do not cover its short term liabilities ($696.8M).

Long Term Liabilities: PMOI.Y's short term assets ($648.6M) do not cover its long term liabilities ($4.3B).


Debt to Equity History and Analysis

Debt Level: PMOI.Y's debt to equity ratio (191.8%) is considered high.

Reducing Debt: PMOI.Y's debt to equity ratio has increased from 128% to 191.8% over the past 5 years.

Debt Coverage: PMOI.Y's debt is well covered by operating cash flow (51.1%).

Interest Coverage: PMOI.Y's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Premier Oil current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PMOI.Y'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 PMOI.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PMOI.Y's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PMOI.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PMOI.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Tony Durrant (61 yo)

6.17yrs

Tenure

US$1,631,100

Compensation

Mr. Anthony R. C. Durrant, also known as Tony, has been the Chief Executive Officer of Premier Oil plc since June 2014 and its Executive Director since July 1, 2005. Mr. Durrant served as the Finance Direc ...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD2.13M) is about average for companies of similar size in the US market ($USD2.03M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Anthony R. Durrant
CEO & Executive Director6.17yrsUS$1.63m0.19%
$ 817.6k
Richard Rose
Finance Director & Executive Director5.92yrsUS$1.01m0.030%
$ 128.5k
Stuart Wheaton
Chief Operating Officerno datano datano data
Nicholas Braley
Chief Commercial & Technical Officerno datano datano data
Andy Gibb
Group General Counsel & Interim Company Secretaryno datano datano data
Mike Fleming
Group Human Resources Directorno datano datano data
Dean Griffin
Head of Explorationno datano datano data
Tim Lane
Group Treasurerno datano datano data
Rachel Benjamin
Company Secretary (Leave of Absence)5.25yrsno datano data
Timothy Davies
Group Exploration Managerno datano datano data

5.9yrs

Average Tenure

49yo

Average Age

Experienced Management: PMOI.Y's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anthony R. Durrant
CEO & Executive Director6.17yrsUS$1.63m0.19%
$ 817.6k
Richard Rose
Finance Director & Executive Director5.92yrsUS$1.01m0.030%
$ 128.5k
Barbara Jeremiah
Independent Non-Executive Director1.25yrsUS$37.80k0.0011%
$ 4.7k
Roy Franklin
Independent Non-Executive Chairman2.92yrsUS$174.80k0.0065%
$ 28.0k
Mike Wheeler
Independent Non-Executive Director3yrsUS$53.00k0.0033%
$ 14.0k
Anne Cannon
Senior Independent Non Executive Director0.58yrUS$53.00k0.0011%
$ 4.7k
Iain MacDonald
Independent Non-Executive Director4.25yrsUS$63.60k0.0025%
$ 10.8k
David Blackwood
Independent Non-Executive Director3yrsUS$53.00k0.0011%
$ 4.7k
Elisabeth Proust
Independent Non-Executive Director0.33yrno data0.0011%
$ 4.7k

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: PMOI.Y's board of directors are considered experienced (3 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 been diluted in the past year, with total shares outstanding growing by 11%.


Top Shareholders

Company Information

Premier Oil plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Premier Oil plc
  • Ticker: PMOI.Y
  • Exchange: OTCPK
  • Founded: 1934
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£328.213m
  • Listing Market Cap: UK£429.334m
  • Shares outstanding: 919.11m
  • Website: https://www.premier-oil.com

Number of Employees


Location

  • Premier Oil plc
  • 23 Lower Belgrave Street
  • London
  • Greater London
  • SW1W 0NR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMOI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1975
PMOI.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJan 1975
PMOLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1975
PQQBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1975
PMOLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1975

Biography

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and international ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 00:26
End of Day Share Price2020/08/10 00:00
Earnings2019/12/31
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.