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Last C$2.37 CAD
Change Today -0.16 / -6.32%
Volume 158.4K
As of 4:00 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

zargon oil & gas ltd (ZAR) Snapshot

Open
C$2.49
Previous Close
C$2.53
Day High
C$2.51
Day Low
C$2.37
52 Week High
07/7/14 - C$9.50
52 Week Low
07/2/15 - C$2.37
Market Cap
71.8M
Average Volume 10 Days
89.5K
EPS TTM
C$-0.07
Shares Outstanding
30.3M
EX-Date
07/29/15
P/E TM
--
Dividend
C$0.12
Dividend Yield
22.78%
Current Stock Chart for ZARGON OIL & GAS LTD (ZAR)

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zargon oil & gas ltd (ZAR) Details

Zargon Oil & Gas Ltd. engages in the exploration, development, and production of oil and natural gas in Canada and the United States. The company holds interest in Alberta Plains North, Alberta Plains South, and Williston Basin areas. As of December 31, 2014, it had proved and probable reserves of 22.29 million barrels of oil equivalent. The company was formerly known as Zargon Energy Trust and changed its name to Zargon Oil & Gas Ltd. in December 2010. Zargon Oil & Gas Ltd. was founded in 1987 and is headquartered in Calgary, Canada.

35 Employees
Last Reported Date: 03/10/15
Founded in 1987

zargon oil & gas ltd (ZAR) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$337.9K
Vice President of Operations
Total Annual Compensation: C$242.1K
Vice President of Corporate Development
Total Annual Compensation: C$258.6K
Vice President of Enhanced Recovery
Total Annual Compensation: C$236.5K
Vice President of Williston Basin
Total Annual Compensation: C$228.0K
Compensation as of Fiscal Year 2014.

zargon oil & gas ltd (ZAR) Key Developments

Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities; Reduces Monthly Dividend Begging from July 2015

Zargon Oil & Gas Ltd. announced the renewal of its credit facilities. The company has renewed and extended its committed syndicated credit facilities and the lenders there under have confirmed a borrowing base of $110 million, down from $130 million. This reduced borrowing base compares with the company’s outstanding bank debt of $49.91 million at March 31, 2015. The credit facilities are now fully revolving until June 22, 2016, with the provision for an annual extension at the option of the lenders and upon request from Zargon. In 2015, the company has been paying a monthly dividend of $0.03 per common share ($0.36 per common share annualized), for a total of approximately $11 million annually, based on 30.3 million common shares outstanding. These dividends were supported in part by 1,400 barrels of per day of the first half of 2015 oil hedges at an average price of $93.68 per barrel (WTI) of oil. With the expiry of these hedges the company expects, given current oil commodity prices, that it is prudent to lower the monthly dividend to $0.01 per common share ($0.12 per common share annualized) beginning with the July 2015 dividend, payable in August 2015.

Zargon Oil & Gas Ltd Confirms Cash Dividend for the Month of June 2015, Payable on July 15, 2015

Zargon Oil & Gas Ltd. confirmed that the monthly cash dividend for the month of June in the amount of CAD 0.03 per common share will be paid on July 15, 2015 to shareholders of record on June 30, 2015.

Zargon Oil & Gas Ltd Confirms Cash Dividend for the Month of May 2015, Payable on June 15, 2015; Provides Dividend Guidance for 2015

Zargon Oil & Gas Ltd. confirmed that the monthly cash dividend for the month of May in the amount of CAD 0.03 per common share will be paid on June 15, 2015 to shareholders of record on May 31, 2015. The company's 2015 third quarter cash dividend to shareholders of CAD 0.03 per common share per month based on its 2015 guidance is as the payment date is July 15, 2015 and August 17, 2015 with the record date of June 30, 2015 and July 31, 2015.

 

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Industry Analysis

ZAR

Industry Average

Valuation ZAR Industry Range
Price/Earnings 87.2x
Price/Sales 0.8x
Price/Book 0.5x
Price/Cash Flow 1.2x
TEV/Sales NM Not Meaningful
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