Permex Petroleum (OILCF) Stock Price, News & Analysis

Company Overview

Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property, Pittcock South property, Windy Jones property, and Mary Bullard property located in Stonewall County. It also holds interests in the West Henshaw property located in Eddy County, New Mexico; Oxy Yates property located in Eddy County; and Breedlove B Clearfork property located in Martin Country, Texas. In addition, the company has royalty interests in the Permian Basin of West Texas and southeast New Mexico. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Dallas, Texas.

Key Stats

• Today's Range: $3.50 to $3.50
• 50-Day Range: $2.15 to $4.00
• 52-Week Range: $2.15 to $7.70
• Volume: 10 shs
• Average Volume: 254 shs
• Market Capitalization: $1.93 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Permex Petroleum Stock Analysis - MarketRank™

Permex Petroleum scored higher than 0% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Permex Petroleum.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Permex Petroleum has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.36% of the outstanding shares of Permex Petroleum have been sold short.

Short Interest Ratio / Days to Cover

Permex Petroleum has a short interest ratio ("days to cover") of 20, which indicates bearish sentiment.

Change versus previous month

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Permex Petroleum does not currently pay a dividend.

Dividend Growth

Permex Petroleum does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.36% of the outstanding shares of Permex Petroleum have been sold short.

Short Interest Ratio / Days to Cover

Permex Petroleum has a short interest ratio ("days to cover") of 20, which indicates bearish sentiment.

Change versus previous month

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Permex Petroleum this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Permex Petroleum insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 9.47% of the stock of Permex Petroleum is held by institutions.

OILCF Stock Analysis - Frequently Asked Questions

How have OILCF shares performed this year?

Permex Petroleum's stock was trading at $3.12 on January 1st, 2024. Since then, OILCF stock has increased by 12.2% and is now trading at $3.50.
View the best growth stocks for 2024 here.

How were Permex Petroleum's earnings last quarter?

Permex Petroleum Co. (OTCMKTS:OILCF) announced its earnings results on Thursday, August, 29th. The company reported ($2.45) earnings per share (EPS) for the quarter. Permex Petroleum had a negative trailing twelve-month return on equity of 49.50% and a negative net margin of 1,445.39%.

When did Permex Petroleum's stock split?

Permex Petroleum shares reverse split on the morning of Monday, October 23rd 2023. The 1-4 reverse split was announced on Monday, October 23rd 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, October 23rd 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

How do I buy shares of Permex Petroleum?

Shares of OILCF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/29/2024
• Today: 11/24/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: OTCMKTS:OILCF
• CUSIP: N/A
• CIK: 1922639
• Web: www.permexpetroleum.com
• Phone: 469-804-1306
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-3,940,000.00
• Net Margins: -1,445.39%
• Pretax Margin: -1,398.70%
• Return on Equity: -49.50%
• Return on Assets: -28.89%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.11
• Quick Ratio: 0.11

Sales & Book Value

• Annual Sales: $690,000.00
• Price / Sales: 2.79
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.00 per share
• Price / Book: 0.27

Miscellaneous

• Outstanding Shares: 550,000
• Free Float: N/A
• Market Cap: $1.93 million
• Optionable: Not Optionable
• Beta: 1.64