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President Energy

Current Price 3.84p Bid 3.80p Ask 4.00p Change 0.00%
Last Updated: 19/02/2020 23:02. Prices delayed by at least 15 minutes.
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Company Overview

President Energy plc (formerly President Petroleum Company plc, formerly Meridian Petroleum plc, formerly Meridian Petroleum Resources plc) is an oil and gas company primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets. The Company has independently assessed 1P reserves in excess of 15 MMboe and 2P reserves of more than 27 MMboe. The Company has operated interests in the Puesto Flores and Estancia Vieja, Puesto Prado and Las Bases Concessions, Rio Negro Province, in the Neuquen Basin of Argentina and in the Puesto Guardian Concession, in the Noreste Basin in NW Argentina. The Company is focused on growing production in the near term in Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

Financial Highlights Year Ended 31/12/2018

Turnover
£47.18m
Operating Profit
£11.25m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
390.00

Key Personnel

Peter Michael Levine
Executive Chairman
Robert James Shepherd
Group Finance Director
Alexander Charles Moody-Stuart
Non-Executive Director
Jorge Dario Bongiovanni
Non-Executive Director

Stock Details

EPIC
PPC
ISIN
GB00B3DDP128
Shares in Issue
1,253,974,179
Market cap
£48.91m

Analyst Views (3)

Strong Buy
 
33.33%
Buy
 
0.00%
Hold
 
33.33%
Sell
 
0.00%
Strong Sell
 
33.33%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
3.90p
Bid Price
3.80p
Ask Price
4.00p
Volume
504937
Change Today
0.00p
% Change Today
0.00%
Open
3.86p
Previous Close
3.90p
Intraday High
3.87p
Intraday Low
3.82p
52 Week High
9.40p
52 Week Low
2.75p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

President Energy Intra-day Chart

President Energy News

News in this section is provided by AJ Bell

Broker Forecast - Peel Hunt issues a broker note on President Energy Plc 18 Feb 2020 | 08:10 Broker Forecast - Panmure Gordon issues a broker note on President Energy Plc 06 Feb 2020 | 12:00 President Energy earnings hit by lower prices, output disruptions 03 Feb 2020 | 09:45 President Energy boosts reserves at Neuquen Basin asset in Argentina 27 Jan 2020 | 09:22 President Energy says recent share price fall 'purely market driven' 17 Dec 2019 | 07:38 Broker Forecast - finnCap issues a broker note on President Energy Plc 02 Dec 2019 | 08:50 President Energy completes acquisition of Angostura contract in Argentina 20 Nov 2019 | 07:52 President Energy to start delivering gas through own pipeline in Argentina 01 Nov 2019 | 08:23 President Energy to acquire exploration contract in Argentina 21 Oct 2019 | 07:51 President Energy sees no material impact from Argentina currency controls 02 Sep 2019 | 13:11 UK stocks open 0.2% lower as tobacco giants weigh 28 Aug 2019 | 09:06 President Energy defers Argentina drilling after government caps fuel prices 28 Aug 2019 | 08:18 President Energy sees no material impact from Argentinian peso collapse 13 Aug 2019 | 14:38 President Energy sees earnings rising after second-half bounce 06 Aug 2019 | 09:30 President Energy encouraged by well fracturing results in Argentina 16 Jul 2019 | 07:29 Broker Forecast - Peel Hunt issues a broker note on President Energy Plc 20 Jun 2019 | 08:50 President Energy sees 2019 and 2020 work programme costing $50m 25 Mar 2019 | 09:51 Director Deals - President Energy Plc (PPC) 13 Mar 2019 | 09:05 Director Deals - President Energy Plc (PPC) 13 Mar 2019 | 09:05 President Energy to raise capital for Argentina drilling 25 Feb 2019 | 16:23

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
92.1
72.0
Intangible Assets & Goodwill
104.7
104.0
Investments & Other Non-Current Assets
2.2
1.5
Total Non-Current Assets
198.9
177.6
Inventory
0.0
0.1
Trade & Receivables
10.7
8.3
Cash & Receivables
2.0
4.0
Other Current Assets & Assets Held for Resale
0.1
1.3
Total Assets
211.6
191.3

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
27.5
20.7
Long Term Liabilities
37.7
24.6
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
65.2
45.3

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
146.4
146.0

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
23.7
23.6
Minority Interests
0.0
0.0
Retained Earnings
-75.1
-75.2
Share Premium Account
240.9
240.8
Other Equity
-43.1
-43.3
Total Equity
146.4
146.0

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
15.1
-7.3
Cashflow Before Financing
-8.7
-37.2
Increase / Decrease in Cash
-2.0
-12.1

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
47.2
18.0
Cost of Sales
32.5
21.4
Gross Profit
14.7
-3.5
Operating Profit
11.3
-10.1
Pre-Tax Profit
6.1
-13.2
Profit / Loss for the Year
0.1
-8.8
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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