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Last kr0.93 SEK
Change Today -0.02 / -2.12%
Volume 9.0K
PAR On Other Exchanges
Symbol
Exchange
Stockholm
OTC US
Frankfurt
As of 4:31 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

pa resources ab (PAR) Snapshot

Open
kr0.94
Previous Close
kr0.95
Day High
kr0.94
Day Low
kr0.92
52 Week High
08/22/14 - kr7.00
52 Week Low
04/8/15 - kr0.40
Market Cap
104.7M
Average Volume 10 Days
649.6K
EPS TTM
kr-23.54
Shares Outstanding
113.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PA RESOURCES AB (PAR)

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pa resources ab (PAR) Details

PA Resources AB (publ) engages in the acquisition, exploration, extraction, and sale of oil and gas reserves in North Africa, West Africa, and the North Sea. The company has 21 oil and gas licenses, including 7 production licenses and 14 exploration licenses. As of December 31, 2014, it had proven and probable oil and gas reserves of 5.4 million barrels of oil equivalents, including proven reserves 3.7 million barrels of oil equivalents. The company was founded in 1994 and is headquartered in Stockholm, Sweden.

116 Employees
Last Reported Date: 06/24/15
Founded in 1994

pa resources ab (PAR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: kr3.4M
Compensation as of Fiscal Year 2014.

pa resources ab (PAR) Key Developments

PA Resources AB (publ) Announces Board Changes

PA Resources AB (publ) held its Annual General Meeting on 28 July 2015. At the meeting, the shareholders have elected the company's CFO Tomas Hedström as new member. Paul Waern was elected Chairman of the Board.

PA Resources AB Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Production Results for the Six Months Ended June 30, 2015

PA Resources AB reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, revenue was SEK 69 million against SEK 181 million last year. Operating loss was SEK 13 million against operating profit of SEK 67 million last year. Loss before tax was SEK 71 million against SEK 19 million last year. Loss for the period was SEK 69 million or SEK 0.61 per share before and after dilution against SEK 26 million or SEK 0.23 per share before and after dilution last year. LBITDA was SEK 9 million against EBITDA of SEK 106 million last year. Capital expenditures during the second quarter amounted to SEK 14 million. Of these, SEK 5 million pertained to the North Sea region SEK 5 million to the North Africa region and SEK 4 million to the West Africa region. For the six months, on consolidated basis, revenue was SEK 181 million against SEK 359 million last year. Operating profit was SEK 414 million against SEK 141 million last year. Profit before tax was SEK 213 million against loss before tax of SEK 38 million last year. Profit for the period was SEK 219 million or SEK 1.94 per share before and after dilution against loss of SEK 74 million or SEK 0.66 per share before and after dilution last year. Cash flow used in operating activities was SEK 33 million against SEK 7 million last year. Investments in exploration and evaluation assets were SEK 30 million against SEK 78 million last year. Investments in oil and gas properties were SEK 4 million against SEK 6 million last year. EBITDA was SEK 451 million against EBITDA of SEK 223 million last year. Revenue increased mainly as a result of the terminated farm-out agreement counteracted by the RBL enforcement. For the quarter, on parent basis, operating loss was SEK 9 million against operating loss of SEK 8 million last year. Loss before tax was SEK 78 million against profit before tax of SEK 13 million last year. Loss for the period was SEK 78 million against profit of SEK 13 million last year. For the six months, on parent basis, operating loss was SEK 21 million against operating loss of SEK 16 million last year. Profit before tax was SEK 315 million against loss before tax of SEK 43 million last year. Profit for the period was SEK 315 million against loss of SEK 42 million last year. For the quarter, average production was 1,200 barrels/day against 3,200 barrels/day last year. For the six months, average production was 2,300 barrels/day against 3,300 barrels/day last year.

PA Resources AB Reports Group and Parent Earnings and Production Results for the First Quarter Ended March 31, 2015

PA Resources AB reported group and parent earnings and production results for the first quarter ended March 31, 2015. For the quarter, on group basis, revenue was SEK 112 million against SEK 178 million a year ago. EBITDA was SEK 460 million compared to SEK 117 million a year ago. Operating profit was SEK 426 million against SEK 74 million a year ago. Profit before tax was SEK 284 million against loss before tax of SEK 19 million a year ago. Profit was SEK 288 million or SEK 2.22 per share before and after dilution against loss of SEK 48 million or SEK 0.43 per share before and after dilution a year ago. Cash outflow from operating activities was SEK 87 million against SEK 52 million a year ago. Return on assets was 55.1% against 5.5% a year ago. Return on capital employed was 113.4% against 7.6% a year ago. EBITDA was positively impacted by other income of SEK 180 million mainly from reversed provisions and final computation of the impact of the terminated farm-out agreement. EBITDA was also positively impacted by a capital gain of SEK 290 million from enforcement of the RBL security by Gunvor Group. Capital expenditures during the quarter amounted to SEK 20 million. For the quarter, on parent basis, operating loss was SEK 12 million against SEK 8 million a year ago. Profit before tax was SEK 393 million against loss before tax of SEK 56 million a year ago. Profit was SEK 393 million against loss of SEK 56 million a year ago. For the quarter, total oil production amounted to 303,000 barrels against 305,000 barrels a year ago. Average daily production was 3,360 barrels per day against 3,390 barrels per day a year ago.

 

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Industry Analysis

PAR

Industry Average

Valuation PAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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