Reported Earnings • Aug 16
Second quarter 2026 earnings released: EPS: RON1.18 (vs RON1.26 in 2Q 2025) Second quarter 2026 results: EPS: RON1.18 (down from RON1.26 in 2Q 2025). Revenue: RON159.3m (up 16% from 2Q 2025). Net income: RON10.1m (down 6.8% from 2Q 2025). Profit margin: 6.4% (down from 7.9% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • May 20
Upcoming dividend of RON5.36 per share Eligible shareholders must have bought the stock before 27 May 2026. Payment date: 17 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Romanian dividend payers (6.3%). Higher than average of industry peers (4.5%). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: RON0.26 (vs RON1.35 in 1Q 2025) First quarter 2026 results: EPS: RON0.26 (down from RON1.35 in 1Q 2025). Revenue: RON130.1m (down 4.3% from 1Q 2025). Net income: RON2.21m (down 81% from 1Q 2025). Profit margin: 1.7% (down from 8.6% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Mar 29
Dividend of RON5.36 announced Shareholders will receive a dividend of RON5.36. Ex-date: 27th May 2026 Payment date: 17th June 2026 Dividend yield will be 6.8%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. However, EPS has declined by 2.5% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: RON6.20 (vs RON5.70 in FY 2024) Full year 2025 results: EPS: RON6.20 (up from RON5.70 in FY 2024). Revenue: RON617.1m (up 15% from FY 2024). Net income: RON53.7m (up 8.9% from FY 2024). Profit margin: 8.7% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: RON2.93 (vs RON1.67 in 3Q 2024) Third quarter 2025 results: EPS: RON2.93 (up from RON1.67 in 3Q 2024). Revenue: RON202.7m (up 49% from 3Q 2024). Net income: RON25.4m (up 76% from 3Q 2024). Profit margin: 13% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Non-Executive Independent Administrator Alin Danila was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: RON1.26 (vs RON1.47 in 2Q 2024) Second quarter 2025 results: EPS: RON1.26 (down from RON1.47 in 2Q 2024). Revenue: RON169.4m (up 19% from 2Q 2024). Net income: RON10.9m (down 14% from 2Q 2024). Profit margin: 6.4% (down from 8.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • May 21
Upcoming dividend of RON6.76 per share Eligible shareholders must have bought the stock before 28 May 2025. Payment date: 18 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.9%. Within top quartile of Romanian dividend payers (6.7%). In line with average of industry peers (7.9%). Reported Earnings • May 06
Full year 2024 earnings released: EPS: RON5.70 (vs RON7.12 in FY 2023) Full year 2024 results: EPS: RON5.70 (down from RON7.12 in FY 2023). Revenue: RON538.7m (up 10% from FY 2023). Net income: RON49.3m (down 20% from FY 2023). Profit margin: 9.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Declared Dividend • Mar 28
Dividend of RON6.76 announced Shareholders will receive a dividend of RON6.76. Ex-date: 28th May 2025 Payment date: 18th June 2025 Dividend yield will be 8.3%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (113% earnings payout ratio) nor is it covered by cash flows (285% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. However, EPS has declined by 3.4% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Mar 05
Full year 2024 earnings released: EPS: RON5.71 (vs RON7.11 in FY 2023) Full year 2024 results: EPS: RON5.71 (down from RON7.11 in FY 2023). Revenue: RON605.4m (up 24% from FY 2023). Net income: RON49.4m (down 20% from FY 2023). Profit margin: 8.2% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Tillkännagivande • Feb 28
Conpet S.A., Annual General Meeting, Apr 08, 2025 Conpet S.A., Annual General Meeting, Apr 08, 2025, at 10:00 E. Europe Standard Time. Location: at the companys headquarters in ploiesti, no. 1-3, anul 1848 street, Romania Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: RON1.66 (vs RON2.35 in 3Q 2023) Third quarter 2024 results: EPS: RON1.66 (down from RON2.35 in 3Q 2023). Revenue: RON180.7m (up 44% from 3Q 2023). Net income: RON14.4m (down 29% from 3Q 2023). Profit margin: 8.0% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Sep 28
Conpet S.A.(BVB:COTE) dropped from Bucharest Exchange Trading Index S.C. Conpet S.A. has been removed from Bucharest Exchange Trading Index. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: RON1.47 (vs RON1.33 in 2Q 2023) Second quarter 2024 results: EPS: RON1.47 (up from RON1.33 in 2Q 2023). Revenue: RON171.4m (up 50% from 2Q 2023). Net income: RON12.7m (up 11% from 2Q 2023). Profit margin: 7.4% (down from 10.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • May 21
Upcoming dividend of RON6.79 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 17 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of Romanian dividend payers (6.6%). Higher than average of industry peers (6.1%). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: RON1.50 (vs RON2.08 in 1Q 2023) First quarter 2024 results: EPS: RON1.50 (down from RON2.08 in 1Q 2023). Revenue: RON156.7m (up 23% from 1Q 2023). Net income: RON13.0m (down 28% from 1Q 2023). Profit margin: 8.3% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Declared Dividend • Mar 24
Dividend of RON6.56 announced Shareholders will receive a dividend of RON6.56. Ex-date: 28th May 2024 Payment date: 17th June 2024 Dividend yield will be 7.4%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: RON6.96 (vs RON7.12 in FY 2022) Full year 2023 results: EPS: RON6.96 (down from RON7.12 in FY 2022). Revenue: RON540.8m (up 13% from FY 2022). Net income: RON60.2m (down 2.3% from FY 2022). Profit margin: 11% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: RON2.34 (vs RON2.15 in 3Q 2022) Third quarter 2023 results: EPS: RON2.34 (up from RON2.15 in 3Q 2022). Revenue: RON162.7m (up 37% from 3Q 2022). Net income: RON20.3m (up 9.1% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.5% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Tillkännagivande • Nov 04
Conpet S.A., Annual General Meeting, Dec 19, 2023 Conpet S.A., Annual General Meeting, Dec 19, 2023, at 10:00 E. Europe Standard Time. Location: Ploieti,1-3 Anul 1848 Street, Prahova Romania Agenda: To consider the Election of a Secretary of the Ordinary General Meeting of Shareholders; to consider the Approval of the financial and non-financial performance indicators resulting from the Administration Plan of the company; to consider the Approval of the amount of the gross variable component of the company's non-executive administrators' remuneration; to consider the Approval of the form and content of the Addendum to the mandate contracts to be concluded with the non-executive administrators of the Company; and to discuss other matters. New Risk • Oct 13
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Paying a dividend despite having no free cash flows. Earnings have declined by 1.5% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: RON1.33 (vs RON1.77 in 2Q 2022) Second quarter 2023 results: EPS: RON1.33 (down from RON1.77 in 2Q 2022). Revenue: RON136.6m (up 16% from 2Q 2022). Net income: RON11.5m (down 25% from 2Q 2022). Profit margin: 8.4% (down from 13% in 2Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Aug 10
Conpet S.A., Annual General Meeting, Sep 19, 2023 Conpet S.A., Annual General Meeting, Sep 19, 2023, at 10:00 E. Europe Standard Time. Location: CONPET S.A.'s headquarters in Ploieti, 1-3, Anul 1848 Street, Prahova County Ploiesti Romania Agenda: To consider election of a Secretary of the Ordinary General Meeting of Shareholders; to Presentation of the Biannual Report of the Board of Directors for the first semester of 2023; and to consider other matters if any. Tillkännagivande • Jul 14
Conpet S.A., Annual General Meeting, Aug 18, 2023 Conpet S.A., Annual General Meeting, Aug 18, 2023, at 10:00 E. Europe Standard Time. Location: Company's headquarters in Ploiesti, no. 1-3 Anul 1848 Street, Prahova County Ploiesti Romania Agenda: To consider Election of a Secretary of the Ordinary General Meeting of Shareholders (OGMS); and to consider any other matters. Upcoming Dividend • May 17
Upcoming dividend of RON6.87 per share at 8.6% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 15 June 2023. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 8.6%. Within top quartile of Romanian dividend payers (8.4%). Higher than average of industry peers (7.6%). Reported Earnings • May 14
First quarter 2023 earnings released: EPS: RON2.08 (vs RON2.17 in 1Q 2022) First quarter 2023 results: EPS: RON2.08 (down from RON2.17 in 1Q 2022). Revenue: RON138.2m (up 17% from 1Q 2022). Net income: RON18.0m (down 4.2% from 1Q 2022). Profit margin: 13% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Tillkännagivande • Jan 13
Conpet S.A., Annual General Meeting, Feb 17, 2023 Conpet S.A., Annual General Meeting, Feb 17, 2023, at 10:00 E. Europe Standard Time. Location: Company's headquarters Ploiesti, no. 1-3, Anul 1848 Street, Prahova County Prahova Romania Agenda: To consider Election of a Secretary of the Ordinary General Meeting of Shareholders; to consider and approve f the Investment Program for 2023; to consider the approval of the Revenues and Expenditure Budget of CONPET S.A. for the year 2023, along with the Substantiation annexes ; and to consider other business matters. Major Estimate Revision • Nov 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from RON505.0m to RON470.0m. EPS estimate rose from RON6.13 to RON7.83. Net income forecast to grow 2.4% next year vs 6.0% growth forecast for Oil and Gas industry in Romania. Consensus price target broadly unchanged at RON79.95. Share price was steady at RON66.40 over the past week. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: RON2.15 (vs RON1.69 in 3Q 2021) Third quarter 2022 results: EPS: RON2.15 (up from RON1.69 in 3Q 2021). Revenue: RON154.3m (up 43% from 3Q 2021). Net income: RON18.6m (up 27% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Administrator Nicusor-Marian Buica was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Nov 09
Societatea Conpet S.A., Annual General Meeting, Dec 14, 2022 Societatea Conpet S.A., Annual General Meeting, Dec 14, 2022, at 10:00 E. Europe Standard Time. Location: Ploiesti, No. 1-3 Anul 1848 Street, Prahova Romania Agenda: To consider Election of a Secretary of the Ordinary General Meeting of Shareholders (OGMS); Approval of the extension, based on the provisions of art. 64^1 para. (5) of the Government Emergency Ordinance no. 109/ 2011 on the corporate governance of public enterprises; and to discuss other matters. Tillkännagivande • Sep 23
Societatea Conpet S.A., Annual General Meeting, Oct 28, 2022 Societatea Conpet S.A., Annual General Meeting, Oct 28, 2022, at 10:00 E. Europe Standard Time. Location: Company's headquarters in Ploiesti,no. 1-3, Anul 1848 Street, Prahova County Prahova Romania Agenda: To consider election of a Secretary of the Ordinary General Meeting of Shareholders (OGMS); to consider appointment of PKF Finconta S.R.L., as financial auditor of the company CONPET S.A. and the settlement of the duration of the financial audit services contract for a period of 3 years starting the date of appointment thereof by the OGMS; to consider approval of the Rectified Investments Program for 2022; to consider approval of the Rectified Revenues and Expenditure Budget for 2022; and to consider other matters. Tillkännagivande • Aug 13
Societatea Conpet S.A., Annual General Meeting, Sep 20, 2022 Societatea Conpet S.A., Annual General Meeting, Sep 20, 2022, at 10:00 E. Europe Standard Time. Location: no. 1-3, Anul 1848 Street, Prahova County Ploiesti Romania Agenda: To Election of a Secretary of the Ordinary General Meeting of Shareholders; to Presentation of the Administrators' Report regarding the activity for 2022H1 (period January - June2022), prepared as per the provisions of Art. 223 of ASF Regulation no. 5/2018 and Art. 55 of GEO no. 109/2011, accompanied by the Financial Statements at the date and for the six months period ended June 30, 2022, prepared as per Order of the Ministry of Public Finance no. 2844/2016 and the International Accounting Standard 34 "Interim Financial Reporting" and the Report of the financial auditor on the review of the interim financial statements, prepared by the audit firm BDO Audit SRL; to approval of the registration date 18.10.2022 advanced by the Board of Directors, with ex-date 17.10.2022; and to consider other matters. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Administrator Nicusor-Marian Buica was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Jul 16
Societatea Conpet S.A., Annual General Meeting, Aug 18, 2022 Societatea Conpet S.A., Annual General Meeting, Aug 18, 2022, at 11:00 E. Europe Standard Time. Location: no. 1-3, Anul 1848 Street, Prahova County, Ploiesti Romania Agenda: To consider election of a Secretary of the Ordinary General Meeting of Shareholders; to consider approval of the renewal of the mandate of the members of the Board of Directors of CONPET S.A., starting August 22, 2022; to consider approval of the format of the mandate contract of the administrators appointed by the OGMS; to consider entrustment of the representative of the public line authority the Ministry of Energy in the Ordinary General Meeting of Shareholders with the execution of the mandate contract of the administrators designated by the OGMS; and to consider other matters. Buying Opportunity • May 24
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be RON92.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.2%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 4.0% per annum over the same time period. Upcoming Dividend • May 17
Upcoming dividend of RON7.28 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 16 June 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.4%. Within top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (8.1%). Price Target Changed • Apr 27
Price target increased to RON84.90 Up from RON76.56, the current price target is an average from 2 analysts. New target price is 10% above last closing price of RON77.00. Stock is down 17% over the past year. The company is forecast to post earnings per share of RON6.48 for next year compared to RON6.18 last year. Buying Opportunity • Mar 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be RON96.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.8% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 17% share price gain to RON77.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 415% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RON96.36 per share. Buying Opportunity • Feb 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be RON96.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% per annum over the last 3 years. Earnings per share has declined by 5.0% per annum over the last 3 years. Price Target Changed • Dec 18
Price target increased to RON83.57 Up from RON76.56, the current price target is an average from 2 analysts. New target price is 6.6% above last closing price of RON78.40. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of RON6.15 for next year compared to RON7.03 last year. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS RON1.69 (vs RON1.98 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: RON135.9m (up 29% from 3Q 2020). Net income: RON14.7m (down 15% from 3Q 2020). Profit margin: 11% (down from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Price Target Changed • Oct 29
Price target decreased to RON76.56 Down from RON86.90, the current price target is provided by 1 analyst. New target price is 7.3% below last closing price of RON82.60. Stock is up 13% over the past year. The company posted earnings per share of RON7.03 last year. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS RON2.06 (vs RON1.79 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: RON127.2m (up 29% from 2Q 2020). Net income: RON17.8m (up 15% from 2Q 2020). Profit margin: 14% (down from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Upcoming Dividend • Jun 01
Upcoming dividend of RON6.90 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 24 June 2021. Trailing yield: 7.5%. Within top quartile of Romanian dividend payers (5.5%). Higher than average of industry peers (6.6%). Reported Earnings • May 19
First quarter 2021 earnings released: EPS RON1.10 (vs RON1.88 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: RON111.9m (up 5.9% from 1Q 2020). Net income: RON9.56m (down 41% from 1Q 2020). Profit margin: 8.5% (down from 15% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Price Target Changed • Mar 27
Price target decreased to RON83.86 Down from RON103, the current price target is an average from 2 analysts. New target price is 8.3% below last closing price of RON91.40. Stock is up 38% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 15% share price gain to RON95.40, the stock is trading at a trailing P/E ratio of 14.3x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 13x in the Oil and Gas industry in Romania. Total returns to shareholders over the past three years are 323%. Is New 90 Day High Low • Jan 21
New 90-day high: RON82.80 The company is up 12% from its price of RON73.80 on 23 October 2020. The Romanian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: RON77.20 The company is up 3.0% from its price of RON75.00 on 06 October 2020. The Romanian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 19
New 90-day high: RON76.20 The company is up 1.0% from its price of RON75.80 on 18 September 2020. The Romanian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS RON1.98 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: RON130.3m (up 24% from 3Q 2019). Net income: RON17.2m (down 9.2% from 3Q 2019). Profit margin: 13% (down from 18% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Oct 15
New 90-day low: RON74.20 The company is down 3.0% from its price of RON76.80 on 17 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: RON75.40 The company is down 3.0% from its price of RON77.60 on 26 June 2020. The Romanian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 1.0% over the same period. Tillkännagivande • Aug 19
Societatea Conpet S.A. to Report First Half, 2020 Results on Aug 14, 2020 Societatea Conpet S.A. announced that they will report first half, 2020 results on Aug 14, 2020 
