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PTT Exploration & Production PCL (PEXNY) operates oil and gas production, development, and exploration projects globally. Projects are composed of both onshore and offshore operations and are sometimes underpinned by partnerships with other producers.Traditionally, natural gas has been the majority revenue generator for the group, however, sales have also been generated from crude oil, liquefied petroleum gas, condensate, and bitumen.Alongside exploration and production activities, the company also engages in technology services, gas transmission, and other businesses through subsidiaries.The company was founded in 1985 and is headquartered in Bangkok, Thailand.PTT Exploration and Production Public Company Limited operates as a subsidiary of PTT Public Company Limited. Three key data points gaugePTT Exploration & Production PCL or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money.
PEXNY Price
Over the past year, PTT’s share price rose 115% from $8.73 to $19.00 as of Wednesday’s market close.If PEXNY shares trade in the range of $6.00 to $30.00 this next year, its recent $19.00 share price might rise to $22.50 by next year. Of course, PEXNY’s price could drop about the same $3.50 estimated amount, or more.My annual upside estimate of $3.50 however, is within the range of the company’s average annual price gains over the past four years.
PEXNY Dividend
PPT has paid variable semi-annual dividends since August 2003, (except for 2010). PEXNY’s most recent SA dividend of $0.30 was declared February 1 for shareholders of record February 15th and payout is due May 2nd.A forward looking $0.58 annual dividend yields 3.05% at Wednesday’s $19.00 share price.
PEXNY Returns
To put it all together, add the PEXNY estimated annual dividend of $0.58 to the estimated price upside of $3.50 to find a $4.08 estimated gross gain for the coming year.At Wednesday’s $19.00 share price, a little over $1000 would buy 53 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, would cost us about $0.19 per share.Subtracting that likely $0.19 brokerage cost from the $4.08 gross gain reveals a net gain of $3.89 X 53 shares = $206.17 for a 20.5% estimated net gain on the year.You might choose to pounce on PTT Exploration & Production PCL. It is a 39 year-old dividend paying Thailand-based exploration and production oil and gas company.Furthermore, the estimated $30.50 annual dividend income from $1k invested is about 1.6 times greater than PEXNY’s recent $19.00 single share price.The exact track of PTT Exploration & Production’s ongoing future price and dividend will be determined by market action.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Analysis: Inpex Corp
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