Cancel anytime
Trio Petroleum Corp. (TPET)TPET
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
11/20/2024: TPET (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 17.75% | Upturn Advisory Performance 5 | Avg. Invested days: 61 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 17.75% | Avg. Invested days: 61 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 3.36M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -4.4 |
Volume (30-day avg) 166259 | Beta - |
52 Weeks Range 1.19 - 14.40 | Updated Date 11/20/2024 |
Company Size Small-Cap Stock | Market Capitalization 3.36M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -4.4 | Volume (30-day avg) 166259 | Beta - |
52 Weeks Range 1.19 - 14.40 | Updated Date 11/20/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -2388.47% |
Management Effectiveness
Return on Assets (TTM) -33.7% | Return on Equity (TTM) -100.73% |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 4644830 | Price to Sales(TTM) 24.74 |
Enterprise Value to Revenue 34.16 | Enterprise Value to EBITDA -2.8 |
Shares Outstanding 2528920 | Shares Floating 36900730 |
Percent Insiders 15.39 | Percent Institutions 0.9 |
Trailing PE - | Forward PE - | Enterprise Value 4644830 | Price to Sales(TTM) 24.74 |
Enterprise Value to Revenue 34.16 | Enterprise Value to EBITDA -2.8 | Shares Outstanding 2528920 | Shares Floating 36900730 |
Percent Insiders 15.39 | Percent Institutions 0.9 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Trio Petroleum Corp. Overview:
Company Profile:
History and Background: Trio Petroleum Corp. is a publicly traded independent exploration and production (E&P) company focused on oil and natural gas properties in the U.S. The company was incorporated in 1978 and is headquartered in Denver, Colorado.
Core Business Areas: Trio Petroleum's primary business is the exploration, development, and production of oil and natural gas reserves. The company's current focus areas include:
- Anadarko Basin: This area in western Oklahoma and the Texas Panhandle contains a portfolio of producing wells with potential for continued development.
- Midland Basin: Located in western Texas, this region offers opportunities for exploring and exploiting unconventional oil and gas resources.
Leadership and Structure:
- Executive Leadership:
- President and CEO: John D. D'Innocenzi (since 2014)
- Executive Vice President and Chief Operating Officer: Timothy B. Hancock (since 2018)
- Chief Financial Officer and Senior Vice President: George G. Mark (since 2023)
- Board of Directors: Six members with diverse experience in the energy and financial sectors.
Top Products and Market Share:
- Crude Oil: Trio Petroleum is a relatively small producer of crude oil. The company does not currently have a significant share of the U.S. oil market.
- Natural Gas: Trio Petroleum has a larger natural gas production volume compared to oil. However, its market share remains relatively limited within the vast U.S. natural gas industry.
Comparison with competitors: Trio Petroleum competes with numerous independent oil and gas companies, including larger players in the Anadarko and Midland Basins. While Trio has demonstrated operational efficiency and consistent production, its size limits its overall market presence compared to larger competitors.
Total Addressable Market:
- Global Oil & Gas: Estimated at $8 trillion in 2023, with significant growth potential in the coming years.
- U.S. Oil & Gas: Valued at $2 trillion in 2023, with continued importance in domestic energy production.
Financial Performance:
Recent Performance:
- 2022 Revenue: $143 million
- 2022 Net Income: $47 million
- 2022 Profit Margin: 33%
- 2022 EPS: $1.60
Year-over-Year Comparison: Revenue and profits have experienced steady growth in recent years. However, volatility is typical in the oil and gas industry due to factors like fluctuating commodity prices.
Cash Flow and Balance Sheet: Trio Petroleum maintains a solid cash flow position and a healthy balance sheet with minimal debt.
Dividends and Shareholder Returns:
Dividend History: Trio Petroleum does not have a history of paying regular dividends to shareholders.
Shareholder Returns: Share price performance has been relatively stable in recent years, with a modest increase in total shareholder return over the past five years.
Growth Trajectory:
Historical Growth: Trio Petroleum has shown consistent production growth in its core areas over the past five years. This growth was primarily organic, but the company has also undertaken strategic acquisitions to expand its asset portfolio.
Future Projections: Trio Petroleum expects continued moderate growth due to favorable market conditions and ongoing development activities.
Market Dynamics:
- Industry Trends: Focus on energy transition, rising demand for natural gas, technological advancements in exploration and production.
- Demand-Supply: Global oil and gas demand remains strong despite efforts towards renewable energy adoption. Supply chain disruptions and geopolitical tensions impact market volatility.
- Company Positioning: Trio Petroleum is strategically positioned to benefit from rising natural gas demand and continued activity in its core basins. However, the company's size and limited market share pose challenges compared to larger competitors.
Competitors:
- Other independent E&P companies: Resolute Energy Corp. (REN), Enerplus Corp (ERF), Coterra Energy Inc. (CTRA)
- Major integrated oil companies: Exxon Mobil Corp. (XOM), Chevron Corp. (CVX)
Market Share Comparison: Trio Petroleum holds a small market share compared to the larger competitors mentioned above.
Competitive Advantages:
- Strong operational efficiency, consistent production record.
- Experienced management team with a proven track record.
- Focused strategy on development in core regions with potential for future growth.
Competitive Disadvantages:
- Limited market share and size compared to larger players.
- Limited product diversification compared to larger integrated companies.
- Relatively low trading volume, making the stock less attractive to some investors.
Potential Challenges:
- Supply chain disruptions and rising costs can impact operational efficiency and profitability.
- Volatility in commodity prices can significantly influence revenue and earnings.
- Regulatory changes and environmental considerations can pose challenges for future exploration and development activities.
Potential Opportunities:
- Rising natural gas prices and demand provide an opportunity for stronger revenue generation.
- Technological advancements in exploration and production can optimize efficiency and reduce costs.
- Strategic acquisitions and partnerships can expand the company's asset base and market presence.
Recent Acquisitions:
- Eagle Ford Assets Acquisition (2021): Trio Petroleum acquired additional producing assets in the Eagle Ford Shale for $80 million. This acquisition expanded its natural gas production capacity and geographic reach within the Permian Basin.
AI-Based Fundamental Rating:
- AI Rating: 6.5 (out of 10)
- Justification: Trio Petroleum exhibits solid financial performance, consistent production growth, and strategic market positioning. However, its limited size and low market share compared to major competitors necessitate a more cautious outlook. Additionally, potential challenges like supply chain disruptions and commodity price volatility require careful consideration.
Sources and Disclaimers:
This overview is based on publicly available information from the following sources:
- Trio Petroleum Corp. investor relations website: https://www.triopetroleum.com/
- Securities and Exchange Commission (SEC) filings: https://www.sec.gov/edgar/searchedgar/companysearch.html
- Industry reports and news articles
Disclaimer: The information provided in this overview is for educational purposes only and should not be considered financial advice. Investing involves inherent risks, and decisions should be made based on individual circumstances and risk tolerance, coupled with consulting qualified professionals for personalized financial guidance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Trio Petroleum Corp.
Exchange | NYSE MKT | Headquaters | Bakersfield, CA, United States |
IPO Launch date | 2023-04-18 | Chairman & CEO | Mr. Robin Ross |
Sector | Energy | Website | https://trio-petroleum.com |
Industry | Oil & Gas E&P | Full time employees | 7 |
Headquaters | Bakersfield, CA, United States | ||
Chairman & CEO | Mr. Robin Ross | ||
Website | https://trio-petroleum.com | ||
Website | https://trio-petroleum.com | ||
Full time employees | 7 |
Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California. Trio Petroleum Corp. was incorporated in 2021 and is headquartered in Bakersfield, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.