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Last kr114.30 SEK
Change Today +2.40 / 2.14%
Volume 2.6M
As of 11:29 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

lundin petroleum ab (LUPE) Snapshot

Open
kr112.10
Previous Close
kr111.90
Day High
kr116.00
Day Low
kr112.10
52 Week High
06/25/15 - kr145.40
52 Week Low
12/16/14 - kr92.50
Market Cap
35.6B
Average Volume 10 Days
2.3M
EPS TTM
kr-1.93
Shares Outstanding
311.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LUNDIN PETROLEUM AB (LUPE)

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lundin petroleum ab (LUPE) Details

Lundin Petroleum AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties. The company’s principal exploration and production assets are located in Norway and South East Asia. It also has assets in Norway, France, the Netherlands, the Russian Federation, Malaysia, and Indonesia. As of April 8, 2015, the company had proven and probable reserves of 187.5 million barrels of oil equivalent. Lundin Petroleum AB (publ) is headquartered in Stockholm, Sweden.

593 Employees
Last Reported Date: 04/8/15

lundin petroleum ab (LUPE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.9M
Compensation as of Fiscal Year 2014.

lundin petroleum ab (LUPE) Key Developments

Lundin Petroleum AB Reports Consolidated and Parent Earnings for the Second Quarter and Six Months Ended June 30, 2015; Reports Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Production Guidance for the Full Year of 2015

Lundin Petroleum AB reported consolidated and parent earnings for the second quarter and six months ended June 30, 2015. For the six months, on consolidated basis, the company reported revenue of USD 279.1 million against USD 460.8 million a year ago. Operating loss was USD 23.4 million against USD operating profit of USD 148.8 million a year ago. Loss before tax was USD 247.1 million against profit before tax of USD 98.4 million a year ago. Net loss was USD 171.0 million against net profit of USD 0.8 million a year ago. Diluted loss per share was USD 0.54 against diluted earnings per share of USD 0.01 a year ago. Total cash used from operating activities were USD 9.1 million against total cash flows from operating activities of USD 416.3 million a year ago. Investment in oil and gas properties was USD 802.9 million against USD 903.5 million a year ago. EBITDA was USD 192.4 million against USD 349.3 million a year ago. Operating cash flow was USD 347.3 million against USD 497.0 million a year ago. Negative return on equity was 45%. Net debt was USD 3,496 million compared to USD 2,609 million as of December 31, 2014. EBITDA predominantly driven by the lower oil prices. The main reasons for the lower result compared with 2014 was the lower oil price and a charge in relation to a foreign exchange loss. For the six months, on parent basis, the company reported revenue of USD 7.5 million against USD 6.6 million a year ago. Operating loss was USD 43.1 million against USD 77.9 million a year ago. Loss before tax was USD 40.6 million against USD 77.9 million a year ago. Net loss was USD 40.6 million against USD 77.9 million a year ago. Total cash flow from operations was USD 1.4 million against total cash flows used in operations of USD 89.8 million a year ago. Investment in oil and gas properties was USD 802.9 million against USD 903.5 million a year ago. Net debt position at the end of the half year of just under USD 3.5 billion. For the second quarter, the company reported revenue of USD 157.8 million against USD 225.4 million a year ago. Operating loss was USD 19.7 million against USD operating profit of USD 134.2 million a year ago. Loss before tax was USD 18.2 million against profit before tax of USD 68.7 million a year ago. Net profit was USD 59.9 million against net loss of USD 2.4 million a year ago. Diluted earnings per share were USD 0.20 against USD 0.00 a year ago. Total cash flows from operating activities were USD 28.0 million against USD 176.2 million a year ago. Investment in oil and gas properties was USD 406.7 million against USD 449.2 million a year ago. EBITDA was USD 106.5 million against USD 171.5 million a year ago. Operating cash flow was USD 191.6 million against USD 241.0 million a year ago. For the second quarter, on parent basis, the company reported revenue of USD 0.8 million against USD 5.5 million a year ago. Operating loss was USD 24.1 million against USD 37.3 million a year ago. Loss before tax was USD 23.4 million against USD 37.6 million a year ago. Net loss was USD 23.4 million against USD 37.6 million a year ago. Total cash flow used in operations was USD 4.1 million against total cash flows used in operations of USD 43.3 million a year ago. For the second quarter, the company’s production was 28.9 Mboepd compared to 25.4 Mboepd a year ago. For the six months, the company’s production of 27.4 Mboepd compared to 26.0 Mboepd a year ago. That was up 5% from the same period in 2014 and the company saw the benefits of the production contribution from Brynhild in Norway from Bøyla and also from the Bertam project in Malaysia. The company is targeting a 2015 exit production rate of 75,000 barrels of oil per day after first oil from Edvard Grieg. The company revised 2015 production guidance to 32,000 barrels of oil equivalents per day predominantly as a result of the Brynhild revised production forecast and the delay of the installation of Edvard Grieg topsides. This revised forecast assumes only a limited contribution from Edvard Grieg due to the assumption of first oil in late December 2015.

Lundin Petroleum AB (publ), Q2 2015 Earnings Call, Aug 05, 2015

Lundin Petroleum AB (publ), Q2 2015 Earnings Call, Aug 05, 2015

Lundin Petroleum AB (publ) - Special Call

Lundin Petroleum AB (publ) - Special Call

 

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Industry Analysis

LUPE

Industry Average

Valuation LUPE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.1x
Price/Book 14.0x
Price/Cash Flow 11.0x
TEV/Sales 0.1x
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