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Last 0.49 AED
Change Today +0.03 / 6.52%
Volume 26.5M
As of 6:00 AM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

dana gas (DANA) Snapshot

Open
0.46
Previous Close
0.46
Day High
0.49
Day Low
0.45
52 Week High
07/14/14 - 0.82
52 Week Low
03/26/15 - 0.38
Market Cap
3.4B
Average Volume 10 Days
12.4M
EPS TTM
0.05
Shares Outstanding
7.0B
EX-Date
--
P/E TM
10.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for DANA GAS (DANA)

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dana gas (DANA) Details

Dana Gas PJSC explores for, produces, owns, processes, transports, distributes, markets, and sells natural gas and petroleum related products. The company holds various concessions and development leases in Egypt. It also offers gas as feedstock and fuel to the petrochemical, industrial, and power sectors. In addition, the company sells hydrocarbons; and develops gas related projects and services. It operates in the Middle East, North Africa, and south Asia regions. The company was founded in 2005 and is headquartered in Sharjah, the United Arab Emirates.

Founded in 2005

dana gas (DANA) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 1.9M
Compensation as of Fiscal Year 2013.

dana gas (DANA) Key Developments

Dana Gas PJSC, Board Meeting, Jun 24, 2015

Dana Gas PJSC, Board Meeting, Jun 24, 2015., at 17:30 Indian Standard Time. Agenda: To consider progress of the company's operations and projects in Egypt, United Arab Emirates and Kurdistan, Iraq; to update on collection of receivables in Egypt and Kurdistan; to approve mid-year company's budget for 2015; to approve ratification of financial statements for 2015; and to consider report on funding activities.

Dana Gas Commences Drilling of Balsam-2 Development Well in Balsam Development Lease Onshore Nile Delta

Dana Gas commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well is being drilled with the 2000 HP Egyptian Drilling Company's Rig #48 and targets the Qawasim formation at a depth of 3,200 meters. A slanted and fully cored pilot hole will be drilled through the Qawasim reservoir and followed by the drilling of a 700 meters horizontal section. The well will be the first horizontal well drilled by Dana Gas Egypt and one of very few drilled in the onshore Nile Delta to date. The well is expected to take approximately 4 months to drill and complete. The Balsam-2 well is the first in a major drilling campaign of some 30 wells and a large number of work-overs that will be drilled in the next 3 years and forms part of the Gas Production Enhancement Agreement (GPEA) work commitment. In this agreement Dana Gas has committed to a work program in return for the ability to sell the government's share of incremental condensate production at market rates over and above an agreed no further action decline production forecast. This mechanism is expected to effectively eliminate the receivables balance by end 2018 assuming that no further bullet payments are made to the petroleum sector by the Egyptian government.

Dana Gas PJSC Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Reports Production Results for the First Quarter of 2015

Dana Gas PJSC announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of AED 422 million against AED 660 million a year ago. Net revenue was AED 272 million against AED 469 million a year ago. Profit before income tax was AED 59 million against AED 219 million a year ago. Profit for the period was AED 44 million against AED 164 million a year ago. Profit for the period attributable to equity holders of the parent was AED 44 million or AED 0.004 per share basic and diluted against AED 164 million or AED 0.019 per share diluted a year ago. Net cash used in operating activities was AED 51 million against AED 45 million a year ago. Purchase of property, plant and equipment was AED 165 million against AED 77 million a year ago. The decline in revenue was mainly due to sharp decline in hydrocarbon prices in the first quarter of 2015 as compared to first quarter of 2014. The company delivered gross revenues of USD 115 million in the first quarter, although this represents a year on year decline in first quarter 2014 USD 180 million due to the impact of lower hydrocarbon prices. Group earnings before interest, tax, depreciation and amortization were USD 55 million against USD 106 million in 2014. Similarly, net profit was positive but also lower at USD 12 million against USD 45 million in 2014 mainly due to lower hydrocarbon prices. The company reported production results for the first quarter of 2015. For the quarter, the group’s production remained strong, with the Company delivering an average of 68,700 barrels of oil equivalent per day from its assets in Egypt and in the Kurdistan Region of Iraq (KRI). Group production has remained stable on a year-on-year basis for first quarter 2014 68,800 boepd and the Company continued to be profitable despite the significant fall in global energy prices, the difficult macroeconomic environment in Egypt and the unpredictable security environment in Iraq.

 

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Industry Analysis

DANA

Industry Average

Valuation DANA Industry Range
Price/Earnings 11.8x
Price/Sales 2.1x
Price/Book 0.3x
Price/Cash Flow 3.8x
TEV/Sales NM Not Meaningful
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