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Last €9.53 EUR
Change Today -0.123 / -1.27%
Volume 26.0K
As of 12:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

dragon oil plc (DGO) Snapshot

Open
€9.75
Previous Close
€9.66
Day High
€9.75
Day Low
€9.38
52 Week High
05/21/15 - €9.75
52 Week Low
12/16/14 - €5.72
Market Cap
4.7B
Average Volume 10 Days
21.7K
EPS TTM
€1.32
Shares Outstanding
491.7M
EX-Date
04/2/15
P/E TM
7.9x
Dividend
€0.33
Dividend Yield
3.10%
Current Stock Chart for DRAGON OIL PLC (DGO)

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dragon oil plc (DGO) Details

Dragon Oil plc operates as an independent oil and gas exploration, development, and production company. Its principal producing asset is the Cheleken Contract Area covering approximately 950 square kilometers and comprises 2 offshore oil and gas fields in the eastern section of the Caspian Sea, offshore Turkmenistan. As of December 31, 2014, the company had 663 million barrels of proved and probable oil and condensate 2P reserves, 93 million barrels of oil and condensate contingent resources, 1.3 trillion cubic feet of 2P gas reserves, and 1.3 trillion cubic feet of contingent gas resources in the Cheleken Contract Area. It also has exploration assets in Tunisia, Iraq, Algeria, Afghanistan, Egypt, and the Philippines. The company was formerly known as Oliver Prospecting & Mining Co. Limited and changed its name to Dragon Oil plc in 1993. Dragon Oil plc was incorporated in 1971 and is headquartered in Dubai, the United Arab Emirates. Dragon Oil plc is a subsidiary of Emirates National Oil Company Limited (ENOC) L.L.C.

1,900 Employees
Last Reported Date: 03/27/15
Founded in 1971

dragon oil plc (DGO) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2014.

dragon oil plc (DGO) Key Developments

Dragon Oil plc Announces Capital Expenditure Results for the First Quarter Ended March 31, 2015; Provides Production and Capital Expenditure Guidance for the Full Year of 2015

Dragon Oil plc announced capital expenditure results for the first quarter ended March 31, 2015. Capital expenditure for first quarter of 2015 was around $153 million (first quarter of 2014: $107 million). Of this capital expenditure, approximately 50% was attributable to development and appraisal drilling (first quarter of 2014: 43%), 47% spent on infrastructure (first quarter of 2013: 50%) with the balance spent on exploration assets. The infrastructure spend during first quarter of 2015 included installation of the Dzheitune (Lam) F platform, fabrication of the Dzheitune (Lam) E platform, construction of crude oil storage tanks, commissioning of an infield pipeline and expenditure on other onshore and offshore infrastructure facilities. The company re-iterate production growth and capital expenditure guidance given previously. In 2015, the company target is to grow average gross production at around 10% or higher and exit the year at 100,000 bopd. The company plan to complete 15 to 20 wells a year in 2015 and 2016 given the present and future availability of drilling rigs. The company aim to average the gross production at 100,000 bopd in 2016 and maintain this level of production for a minimum period of five years. The company expect to invest between $500 million and $600 million in infrastructure and drilling excluding the cost of the Gas Treatment Plant in the Cheleken Contract Area in Turkmenistan, as well as around $50-100 million in exploration assets in 2015.

Dragon Oil plc Reports Drilling and Production Update for the First Quarter of 2015

Dragon Oil plc Reports Drilling and Production Update for the first quarter of 2015. For the period, the company’s average gross field production in the Cheleken Contract Area for first quarter of 2015 was approximately 88,700 bopd against of 72,300 bopd in first quarter of 2014, representing an increase of 23% over the corresponding period in 2014. The average production was approximately 89,600 bopd against of 73,400 bopd in march 2014. Dragon Oil performed a number of additional perforations in the existing wells and at the end of the first quarter commissioned an additional infield pipeline from the Dzheitune (Lam) B platform to Block 1 improving the throughput capacity of the Dzheitune (Lam) West area.

Dragon Oil plc Declares Final Dividend for 2014

Dragon Oil plc announced final dividend for 2014. The final dividend of 16 US cents per share is subject to shareholder approval at the Annual General Meeting to be held in London, UK on 27 April 2015. If approved, the final dividend of 16 US cents per share is to be paid on 30 April 2015 to shareholders on the register as of 7 April 2015.

 

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Industry Analysis

DGO

Industry Average

Valuation DGO Industry Range
Price/Earnings 8.0x
Price/Sales 4.8x
Price/Book 1.4x
Price/Cash Flow 7.7x
TEV/Sales 4.8x
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