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Last $0.57 USD
Change Today -0.0535 / -8.63%
Volume 743.2K
MILL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

miller energy resources inc (MILL) Snapshot

Open
$0.64
Previous Close
$0.62
Day High
$0.64
Day Low
$0.55
52 Week High
07/1/14 - $6.60
52 Week Low
05/7/15 - $0.52
Market Cap
26.4M
Average Volume 10 Days
497.3K
EPS TTM
$-4.92
Shares Outstanding
46.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MILLER ENERGY RESOURCES INC (MILL)

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miller energy resources inc (MILL) Details

Miller Energy Resources, Inc., an independent exploration and production company, explores for, develops, and operates oil and gas wells in south-central Alaska. As of April 30, 2014, the company owned approximately 315,913 net acres of leasehold interests, exploration license rights to an additional 108,673 net acres, and interests in 12 crude oil and 11 natural gas wells in Alaska. The company is headquartered in Knoxville, Tennessee.

miller energy resources inc (MILL) Top Compensated Officers

Executive Chairman
Total Annual Compensation: $742.2K
Chief Operating Officer and Chief Executive O...
Total Annual Compensation: $593.0K
Senior Vice President and General Counsel
Total Annual Compensation: $276.9K
Compensation as of Fiscal Year 2014.

miller energy resources inc (MILL) Key Developments

Miller Energy Resources Receives Notice From NYSE Regarding Continued Listing Requirements

Miller Energy Resources, Inc. announced that it received a notice on May 6, 2015 from NYSE Regulation, Inc. regarding the Company's compliance with the continued listing requirements of the New York Stock Exchange Inc. (NYSE). The Company is below compliance with respect to a rule requiring that NYSE-listed companies maintain an average market capitalization and stockholders' equity greater than $50 million over a 30 trading-day period. The Company intends to notify the NYSE of its intent to regain compliance with this rule. Under NYSE listing standards, the Company will have 45 days from the date of the notice to submit a plan to the NYSE demonstrating the Company's ability to regain compliance with the applicable rule within 18 months. Following receipt of the plan, the NYSE will have 45 days to review and evaluate it. If the NYSE accepts the plan, the Company will be subject to quarterly monitoring for compliance with its terms. If the NYSE does not accept the plan, the Company will be subject to suspension and delisting proceedings. During the 18-month cure period, the Company's shares will continue to be listed and traded on the NYSE subject to its compliance with other NYSE continued listing standards. The Company will continue to work directly with the NYSE to make sure they are aware of the Company's progress. In addition to this market capitalization requirement, as previously reported, the price of the Company's common stock has also fallen below the NYSE's continued listing standards. A company is considered to be below compliance standards if the average closing price of a security as reported on the NYSE is less than $1.00 over a consecutive 30 trading-day period. The Company has notified the NYSE of its intent to regain compliance with this rule within the six-month cure period allowed by the NYSE listing standards.

Miller Energy Resources, Inc. Receives Non-Compliance Notice From NYSE

On April 23, 2015, Miller Energy Resources, Inc. received a notice from NYSE Regulation, Inc. that it is not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual of the New York Stock Exchange, Inc. (NYSE). Such noncompliance is based on the average closing price of the company’s common stock being less than $1.00 over a consecutive 30 trading-day period. Pursuant to NYSE rules, the company intends to file a response with NYSE Regulation indicating its intent to cure this deficiency and has indicated the same to NYSE regulation in talks with them. In accordance with Section 802.01C, the company has six months from the date of receipt of the notice to achieve compliance with the continued listing standards of Section 802.01C. The company can regain compliance with the minimum average closing price standard at any time during the six-month cure period if, on the last trading day of any calendar month during the cure period, the company has (i) a closing share price of at least $1.00 and (ii) an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The company’s common stock will continue to be listed and traded on the NYSE during this six-month cure period, subject to the company’s compliance with the NYSE’s other applicable continued listing standards, under the symbol ‘MILL’, but will be assigned a ‘.BC’ indicator by the NYSE to signify that the company is not currently in compliance with the NYSE’s continued listing standards. In the event that the company fails to achieve compliance with the continued listing standards of Section 802.01C by the expiration of the six-month cure period, Section 802.01C calls for the NYSE to commence procedures for suspension and delisting of the company’s common stock.

Miller Energy Resources appoints Phillip G. Elliott as Chief Financial Officer

Miller Energy Resources appointed Phillip G. Elliott as Chief Financial Officer. Elliott was formerly Senior Vice President, Strategic Planning, Land & Commercial Analysis for EQT. During his more than 18 years with EQT, he also served as Treasurer and in other financial and corporate development positions. Elliott was involved with more than $5 billion in M&A transactions and more than $3 billion in capital markets and financing activity for EQT. Elliott will take over from Jeff McInturff, who acted as Interim Chief Financial Officer. McInturff will remain a member of senior management and continue his responsibilities as Chief Accounting Officer.

 

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MILL Competitors

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Industry Analysis

MILL

Industry Average

Valuation MILL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow 17.4x
TEV/Sales NM Not Meaningful
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