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Addax Petroleum(AXC)

Sector:

Oil & Gas Producers

Market Cap

£3,358.95m

Change Today

Price Down-173.00p

Share Price

2,158.00p

Crude price surge boosts Addax

Date: Tuesday 06 May 2008

LONDON (ShareCast) - Higher crude prices helped Africa and Middle East-focused oil and gas explorer and producer Addax Petroleum report sharply higher sales and profits in the first quarter of 2008.

The Calgary-based company lifted its first quarter sales to US$1.15bn in the first quarter, compared to £627m a year ago. It was helped by the average price it charged for a barrel of crude oil rising to $97.03 from $57.86. Net income rose to $240m from $165m.

“I am pleased to report that Addax Petroleum's performance in the first three months of 2008 continues to build upon our track record for delivering robust results, strong operational performance and excellent netbacks,” chief executive Jean Claude Gandur said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Addax Petroleum Market Data

Currency UK Pounds
Share Price 2,158.00p Price Down
Change Today -173.00p
52 Week High 2,716.00p
52 Week Low 1,445.00p
Volume 49,896
Shares Issued 155.65m
Market Cap £3,358.95m
Beta 0.37
RiskGrade 213

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
1.79% below the sector average1.79% below the sector average1.79% below the sector average1.79% below the sector average1.79% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
34.40% above the sector average34.40% above the sector average34.40% above the sector average34.40% above the sector average34.40% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Price Chg 6m
Market averageMarket averageMarket averageMarket averageMarket average
16.80% above the sector average16.80% above the sector average16.80% above the sector average16.80% above the sector average16.80% above the sector average
P/E
Market averageMarket averageMarket averageMarket averageMarket average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
PEG
Market averageMarket averageMarket averageMarket averageMarket average
37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average
Dividend Yield
Market averageMarket averageMarket averageMarket averageMarket average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
EPS Growth
Market averageMarket averageMarket averageMarket averageMarket average
56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average56.52% above the sector average
Operating Margin
Market averageMarket averageMarket averageMarket averageMarket average
75.90% above the sector average75.90% above the sector average75.90% above the sector average75.90% above the sector average75.90% above the sector average

Addax Petroleum Dividends

  Latest Previous
  Q1 Q4
Ex-Div 27-May-08 04-Mar-08
Paid 12-Jun-08 20-Mar-08
Amount 10.00¢ 10.00¢

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

Addax Petroleum Key Personnel

Chair Peter Dey

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