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Petrel Resources Plc Petrel Resources Plc

Petrel Resources Plc

PET
Rank in Stocks #41359
Petrel Resources Plc operates as an enterprise primarily focused on the... Petrel Resources Plc operates as an enterprise primarily focused on the exploration and development of oil and natural gas resources, managing its activities through its main company and its various subsidiaries. The company's portfolio includes a complete ownership stake in the Frontier exploration license 3/14, located within Ireland. Furthermore, Petrel Resources Plc holds a 30% operational interest in the Tano 2A Block in Ghana, an area encompassing 1,532 square kilometers, and a 100% ownership of the Western Desert Block 6 situated in Iraq. This company was established in 1982 and has its corporate headquarters in Dublin, Ireland.
Share Price
$0.01088561
Market Cap
$22.61K
Change (1 day)
-11.11%
Change (1 year)
2,965.05%
Country
IE
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P/E ratio for Petrel Resources Plc (PET)
P/E ratio as of September 2026 TTM: -5.54
According to Petrel Resources Plc latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -5.54. At the end of 2023 the company had a P/E ratio of -2.63.
P/E ratio history for Petrel Resources Plc from 2004 to 2026
P/E ratio at the end of each year
Year P/E Ratio Change
2026 (TTM) -5.54 89.07%
2024 -2.93 11.53%
2023 -2.63 983.00%
2022 -0.24 -94.02%
2021 -4.05 -62.55%
2020 -10.82 -56.60%
2019 -24.94 963.68%
2018 -2.35 794.70%
2017 -0.26 -97.70%
2016 -11.38 127.68%
2015 -5.00 -23.60%
2014 -6.54 641.90%
2013 -0.88 -80.83%
2012 -4.60 -42.15%
2011 -7.96 249.88%
2010 -2.27 -89.60%
2009 -21.86 134.92%
2008 -9.30 -64.07%
2007 -25.89 -56.87%
2006 -60.02 -23.65%
2005 -78.62 646.49%
2004 -10.53 0.00%
P/E ratio for similar companies or competitors
Company P/E Ratio P/E Ratio Difference Country
18.08 -426.34%
US
7.36 -232.85%
HK
- -
CA
- -
US
11.50 -307.54%
US
How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.

Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.