Last C$0.62 CAD
Change Today -0.01 / -1.59%
Volume 13.2K
PRW On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
As of 9:39 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

petrowest corp-cl a (PRW) Snapshot

Open
C$0.62
Previous Close
C$0.63
Day High
C$0.62
Day Low
C$0.62
52 Week High
07/24/14 - C$1.47
52 Week Low
12/4/14 - C$0.50
Market Cap
109.8M
Average Volume 10 Days
124.2K
EPS TTM
C$0.05
Shares Outstanding
177.1M
EX-Date
01/29/08
P/E TM
12.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for PETROWEST CORP-CL A (PRW)

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petrowest corp-cl a (PRW) Details

Petrowest Corporation provides pre-drilling and post-completion energy services to the energy industry in Western Canada. The company operates in five divisions: Construction, Civil Services, Transportation, Environmental Services, and Rentals. The Construction division offers oilfield well site and lease preparation, road construction, earth moving, reclamation, and commercial projects, as well as other lease construction services. The Civil Services division is engaged in mobile rock and gravel crushing activities, including pit run crushing, quarry crushing, and stripping and cleaning of quarry pits; and in the provision of oilfield safety supervision services and safety equipment rentals for sour gas wells. The Transportation division provides various services comprising general heavy duty hauling services for the forestry industry; equipment transportation, log loading and hauling, and gravel and pipe hauling services for the construction and oilfield industries; and transportation services for contaminated waste soils. The Environmental Services division owns a landfill site in northeastern British Columbia, as well as accepts and handles hazardous waste and contaminated soils. The Rentals Division owns equipment, such as articulated haulers, tracked excavators, crawler dozers, sidebooms, and earth compactors. This division provides heavy equipment to contractors working in various industries, such as oil and gas, mining, road construction, logging, and civil construction. Petrowest Corporation was founded in 2006 and is headquartered in Grande Prairie, Canada.

Founded in 2006

petrowest corp-cl a (PRW) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: C$225.0K
Chief Operating Officer, Director and Chairma...
Total Annual Compensation: C$195.0K
Executive Vice President of Civil Division
Total Annual Compensation: C$226.0K
Vice President of Operations
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2013.

petrowest corp-cl a (PRW) Key Developments

Petrowest Corporation Announces New Credit Facility

Petrowest Corporation announced that it has entered into a new three-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank. The New Facility includes a $50 million revolving reducing term loan (which has been drawn to $38.0 million) and a $40 million revolving credit facility (which has been drawn to $20.0 million). The new facility also has an accordion feature which may increase availability under either the term loan or the revolving credit facility by a maximum of $30 million, subject to borrowing base availability. The interest rates for the term loan and the revolving credit facility under the new facility are, at the election of Petrowest, the prime rate or the discount rate for bankers' acceptances plus an applicable margin based on Petrowest's leverage position. The amortization period for the term loan under the new facility is six years, with quarterly scheduled repayments. The new facility requires Petrowest to comply with customary covenants including, among others, financial covenants that provide that Petrowest may not make unfinanced capital expenditures for any fiscal year in excess of $21.0 million; have a leverage ratio greater than 2.50:1; have a consolidated fixed charge coverage ratio less than 1.25:1; have a working capital ratio less than 1.25:1; and secure finance lease liabilities in excess of $25.0 million.

Petrowest Corporation Announces Consolidated Financial Results for the Third Quarter and Nine Month Periods Ended September 30, 2014

Petrowest Corporation announced consolidated financial results for the third quarter and nine month periods ended September 30, 2014. For the quarter, the company reported revenue of $89.7 million, an increase of $16.2 million compared to the same quarter in 2013 and reported adjusted EBITDA of $13.5 million compared to $14.6 million for the same quarter in 2013. Net income and comprehensive income before income tax was $6,100,000 against $7,252,000 for the same period in the last year. Net and comprehensive income was $4,605,000 against $6,492,000 for the same period in the last year. Funds from operations were $12,309,000 against $12,785,000 for the same period in the last year. For the nine months, the company reported revenue of $206.2 million, an increase of $37.5 million compared to the same period in 2013 and reported adjusted EBITDA of $27.6 million, an increase of $2.6 million compared to the same period in 2013. Net income and comprehensive income before income tax was $7,428,000 against net loss and comprehensive loss before income tax of $1,538,000 for the same period in the last year. Net and comprehensive income was $5,894,000 against net and comprehensive loss of $1,181,000 for the same period in the last year. Funds from operations were $24,540,000 against $18,652,000 for the same period in the last year.

Petrowest Announces Increase to Revolving Credit Facility

Petrowest Corporation announced that it has entered into an amendment to the revolving operating credit facility with Bank of Montreal. The Revolving Facility has been amended to increase the maximum facility amount from $30 million to $40 million and to extend the maturity date from August 20, 2016 to August 20, 2017.

 

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Valuation PRW Industry Range
Price/Earnings 13.6x
Price/Sales 0.3x
Price/Book 1.2x
Price/Cash Flow 3.3x
TEV/Sales -- Not Meaningful
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