JapaulOIL Records 38% YTD Return In 2018

Proshare

Tuesday,  March 27, 2018 /4:58 PM / Proshare Research 

JAPAULOIL share price ended 2009 with a negative return of -69.13% and recorded 23.89% growth in share price in 2010. However, between 2011 and 2012, the share price was on a downward with significant drop in prices recorded. It slowed to -1.82% return in 2013  but further declined significantly  to -7.41% in 2014. 

The share price flatlined from 2015 to 2017 with 0.0% return. Surprisingly, it increased rapidly to 38.0 %( YTD) as at 26th of March, 2018. The growth in share price is traceable to the announcement made by the company on 20th of February 2018 that Milost has injected $350 million Equity finance into the company which has helped  to re-navigate its financial challenges that depressed its share price in the past 8 years. 

Table1: 10 Years Share Price Performance Review

Year

Open

Close

Return

2018 - YTD

0.5

0.69

38.00%

2017

0.5

0.5

0.00%

2016

0.5

0.5

0.00%

2015

0.5

0.5

0.00%

2014

0.54

0.5

-7.41%

2013

0.55

0.54

-1.82%

2012

0.9

0.55

-38.89%

2011

1.4

0.9

-35.71%

2010

1.13

1.4

23.89%

2009

3.66

1.13

-69.13%

















Source: Proshare Research 

Graph
1: JAPAULOIL Share Price - Jan 2016 to Mar 26, 2018
Proshare Nigeria Pvt. Ltd.
Source: Proshare Research
 


Out of the eight (8) listed Oil and Gas companies on the Exchange, six (6) recorded positive YTD return, two (2) recorded negative returns and one (1) remained flat. The positives led by
ETERNA recorded +51% return and closely followed by JAPAULOIL with 38% return recorded while MOBIL and MRS closed with negative returns of -5% and -2% YTD respectively. Obviously, JAPAULOIL is scaling up on the return metrics. 

Table 2: Oil & Gas Sector Year-To-Date Share Price Performance Review

Company

Open

Close

Return

CONOIL

28.00

33.45

19%

ETERNA

4.06

6.13

51%

FO

43.48

44.00

1%

JAPAULOIL

0.50

0.69

38%

MOBIL

194.60

184.00

-5%

MRS

27.46

27.00

-2%

OANDO

5.99

5.99

0%

SEPLAT

626.22

722.00

15%

  Source: Proshare Research


Proshare Nigeria Pvt. Ltd.

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