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Providence Resources

DB:PZQA
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PZQA
DB
€20M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Providence Resources P.l.c. operates as an oil and gas exploration company in the Republic of Ireland. The last earnings update was 209 days ago. More info.


Add to Portfolio Compare Print
  • Providence Resources has significant price volatility in the past 3 months.
PZQA Share Price and Events
7 Day Returns
21.3%
DB:PZQA
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-91.4%
DB:PZQA
34.4%
DE Oil and Gas
-14.2%
DE Market
PZQA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Providence Resources (PZQA) 21.3% 42.5% -59.3% -91.4% -94.4% -97.2%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • PZQA underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • PZQA underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
PZQA
Industry
5yr Volatility vs Market

Value

 Is Providence Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Providence Resources. This is due to cash flow or dividend data being unavailable. The share price is €0.0114.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Providence Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Providence Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PZQA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.01
ISE:PZQA Share Price ** ISE (2020-04-07) in EUR €0.03
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Providence Resources.

DB:PZQA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:PZQA Share Price ÷ EPS (both in EUR)

= 0.03 ÷ -0.01

-2.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Providence Resources is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Providence Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Providence Resources's expected growth come at a high price?
Raw Data
DB:PZQA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Providence Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Providence Resources's assets?
Raw Data
DB:PZQA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.13
ISE:PZQA Share Price * ISE (2020-04-07) in EUR €0.03
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:PZQA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:PZQA Share Price ÷ Book Value per Share (both in EUR)

= 0.03 ÷ 0.13

0.23x

* Primary Listing of Providence Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Providence Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Providence Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Providence Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Providence Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Providence Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Providence Resources expected to grow at an attractive rate?
  • Unable to compare Providence Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Providence Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Providence Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PZQA Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PZQA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PZQA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:PZQA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 -5 -8
2019-03-31 -6 -6
2018-12-31 -8 -5
2018-09-30 -6 -12
2018-06-30 -5 -19
2018-03-31 -3 -20
2017-12-31 -1 -20
2017-09-30 -5 -20
2017-06-30 -8 -20
2017-03-31 -10 -20
2016-12-31 -12 -21
2016-09-30 -8 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Providence Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Providence Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PZQA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Providence Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PZQA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:PZQA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.04
2016-12-31 -0.06
2016-09-30 -0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Providence Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Providence Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Providence Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Providence Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Providence Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Providence Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Providence Resources performed over the past 5 years?

  • Providence Resources's last earnings update was 209 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Providence Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Providence Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Providence Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Providence Resources's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Providence Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Providence Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PZQA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -7.95 3.48
2019-03-31 -6.37 3.42
2018-12-31 -4.78 3.37
2018-09-30 -12.06 3.89
2018-06-30 -19.35 4.41
2018-03-31 -19.88 5.45
2017-12-31 -20.42 6.49
2017-09-30 -19.98 6.03
2017-06-30 -19.55 5.57
2017-03-31 -20.05 4.63
2016-12-31 -20.55 3.69
2016-09-30 -20.35 4.31
2016-06-30 -20.15 4.93
2016-03-31 -22.14 5.68
2015-12-31 -24.14 6.44
2015-09-30 -20.34 6.57
2015-06-30 -16.54 6.70
2015-03-31 -14.01 6.41
2014-12-31 -11.49 6.12
2014-09-30 -9.49 5.97
2014-06-30 -7.50 5.83
2014-03-31 -7.63 6.16
2013-12-31 -7.77 6.48
2013-09-30 -6.67 5.13
2013-06-30 -5.56 3.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Providence Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Providence Resources has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Providence Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Providence Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Providence Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Providence Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Providence Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Providence Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Providence Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Providence Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Providence Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Providence Resources Company Filings, last reported 9 months ago.

DB:PZQA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 76.76 0.00 1.79
2019-03-31 76.76 0.00 1.79
2018-12-31 81.87 0.00 7.62
2018-09-30 81.87 0.00 7.62
2018-06-30 83.16 0.00 12.36
2018-03-31 83.16 0.00 12.36
2017-12-31 83.70 0.00 19.60
2017-09-30 83.70 0.00 19.60
2017-06-30 103.28 0.00 36.40
2017-03-31 103.28 0.00 36.40
2016-12-31 111.32 0.00 31.40
2016-09-30 111.32 0.00 31.40
2016-06-30 62.24 19.55 0.52
2016-03-31 62.24 19.55 0.52
2015-12-31 68.94 18.29 6.52
2015-09-30 68.94 18.29 6.52
2015-06-30 83.55 15.61 11.29
2015-03-31 83.55 15.61 11.29
2014-12-31 61.59 19.35 5.26
2014-09-30 61.59 19.35 5.26
2014-06-30 67.53 16.85 18.04
2014-03-31 67.53 16.85 18.04
2013-12-31 70.82 0.00 9.00
2013-09-30 70.82 0.00 9.00
2013-06-30 72.95 0.00 23.82
  • Providence Resources has no debt.
  • Providence Resources has no debt compared to 5 years ago when it was 25%.
  • Providence Resources has no debt, it does not need to be covered by operating cash flow.
  • Providence Resources has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Providence Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Providence Resources has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Providence Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Providence Resources dividends.
If you bought €2,000 of Providence Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Providence Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Providence Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PZQA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PZQA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Providence Resources has not reported any payouts.
  • Unable to verify if Providence Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Providence Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Providence Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Providence Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Providence Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Providence Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Providence Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan Linn
AGE 61
TENURE AS CEO 0.3 years
CEO Bio

Mr. Alan Scott Linn, CEng, MIChemE, FLChemE serves as Chief Executive Officer & Executive Director at Providence Resources P.l.c. since January 9, 2020. He has been the Chief Executive Officer and Executive Director at Afren PLC since April 2015. Mr. Linn served as Chief Executive Officer of Roc Oil Company Limited since February 23, 2011. Mr. Linn served as the Acting Chief Executive Officer of Roc Oil from October 29, 2010 to February 23, 2011. He served as Chief Operating Officer of Roc Oil from October 2008 to October 29, 2010. He joined Roc Oil in January 2008 as International Operations & Development Manager. He served as an Operations Director of Tunis at African Arabian Petroleum from 2006 to 2008, UK Business Manager of London at Tullow Oil plc from 2005 to 2006, Country Manager India for Chennai at Cairn Energy from 2002 to 2005, General Manager of Venezuela Operation, El Tigre/Caracas at Lasmo from 2000 to 2002, Operations & HSES Manager Pakistan, Karachi at Lasmo from 1996 to 2000, Operations & Technical Manager of Brent Field (Aberdeen/London) at Esso Upstream from 1994 to 1996, Reservoir/Project/Operations Management, New Orleans at Esso Upstream from 1990 to 1994, FCCU Operations Superintendent of Fawley Refinery for UK at Esso Downstream from 1987 to 1990 and also held various process engineering and operations planning roles from 1980 to 1987. He serves as Director at UK Onshore Oil & Gas. He served as an Executive Director of Roc Oil Company Limited since February 27, 2012. Mr. Linn is a Chartered Chemical Engineer. His past directorsjips are DNO North Sea (ROGB) Limited, ROC Oil (Europe) Limited, Afren Energy International PLC, Afren International Limited, Afren Finance PLC, Afren Assets Limited, ROC Oil (GB Holdings) Limited, Croft Exploration Limited, ROC Oil (Malaysia) Pty Limited, Anzon Energy Pty Limited, ROC Oil (Finance) Pty Limited, ROC Oil (GB) Limited, ROC Oil (Ventures) Pty Limited, ROC Oil (VIC) Pty Limited, ROC Oil Australia Holdings Pty Ltd, ROC Oil Company Pty Limited, ROC Oil Chinguetti) B.V., ROC Oil International Holdings Pty Ltd, Triangle Energy (Operations) Pty Ltd, ROC Oil (Tasman) Pty Limited, ROC Oil (Exploration No. 1) Pty Limited, ROC Oil (Chinguetti) B.V., BC Petroleum Sdn Bhd, ROC Oil (Sarawak) Sdn Bhd, ROC Oil Malaysia (Holdings) Sdn Bhd, ROC Oil (Falklands) Limited, ROC Oil (North Sea) Limited, Third Energy Onshore Limited, Third Energy Trading Limited, Third Energy UK Gas Limited, ROC Oil (China) Company & ROC Oil (Bohai) Company.

CEO Compensation
  • Insufficient data for Alan to compare compensation growth.
  • Insufficient data for Alan to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Alan Linn

TITLE
CEO & Executive Director
AGE
61
TENURE
0.3 yrs

Simon Brett

TITLE
CFO & Company Secretary
TENURE
7.9 yrs

Fergus Roe

TITLE
Operations Manager

Fergal Murphy

TITLE
Geophysical Consultant
Board of Directors Tenure

Average tenure and age of the Providence Resources board of directors in years:

1.5
Average Tenure
61
Average Age
  • The average tenure for the Providence Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pat Plunkett

TITLE
Non-Executive Chairman
COMPENSATION
€100K
AGE
68
TENURE
3.5 yrs

Alan Linn

TITLE
CEO & Executive Director
AGE
61
TENURE
0.3 yrs

Angus McCoss

TITLE
Senior Independent Director
COMPENSATION
€45K
AGE
57
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Providence Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Providence Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Providence Resources P.l.c. operates as an oil and gas exploration company in the Republic of Ireland. Its exploration assets are located in the basins of Celtic Sea, Kish Bank, Northern Porcupine, Southern Porcupine, Goban Spur, and St. George’s. The company was founded in 1981 and is headquartered in Dublin, Ireland.

Details
Name: Providence Resources P.l.c.
PZQA
Exchange: DB
Founded: 1981
€19,722,745
657,424,848
Website: http://www.providenceresources.com
Address: Providence Resources P.l.c.
Airfield House,
Airfield Park,
Dublin,
Co. Dublin, D04 CP49,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE PZQA Ordinary Shares Irish Stock Exchange IE EUR 09. Sep 1997
OTCPK PVDR.F Ordinary Shares Pink Sheets LLC US USD 09. Sep 1997
DB PZQA Ordinary Shares Deutsche Boerse AG DE EUR 09. Sep 1997
AIM PVR Ordinary Shares London Stock Exchange AIM Market GB GBP 09. Sep 1997
Number of employees
Current staff
Staff numbers
14
Providence Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 03:29
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2019/06/28
Last earnings filing: 2019/09/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.