Last $5.00 USD
Change Today -0.01 / -0.20%
Volume 302.3K
MILL On Other Exchanges
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As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

miller energy resources inc (MILL) Snapshot

Open
$5.04
Previous Close
$5.01
Day High
$5.07
Day Low
$4.93
52 Week High
12/16/13 - $8.97
52 Week Low
05/7/14 - $4.40
Market Cap
230.4M
Average Volume 10 Days
429.4K
EPS TTM
$-0.52
Shares Outstanding
46.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MILLER ENERGY RESOURCES INC (MILL)

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miller energy resources inc (MILL) Details

Miller Energy Resources, Inc., an independent exploration and production company, explores for, develops, and operates oil and gas wells in south-central Alaska and in the Appalachian region of east Tennessee. As of April 30, 2014, the company owned approximately 315,913 net acres of leasehold interests, exploration license rights to an additional 108,673 net acres, and interests in 12 crude oil and 11 natural gas wells in Alaska. It also owned approximately 37,999 net acres of leasehold interests with interest in 144 net producing oil wells and 117 net producing gas wells in the State of Tennessee. The company is headquartered in Knoxville, Tennessee.

miller energy resources inc (MILL) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $950.0K
Executive Chairman of The Board
Total Annual Compensation: $370.0K
Chief Operating Officer and Chief Executive O...
Total Annual Compensation: $205.0K
Senior Vice President and General Counsel
Total Annual Compensation: $341.5K
Compensation as of Fiscal Year 2013.

miller energy resources inc (MILL) Key Developments

Miller Energy Resources, Inc. Reports Consolidated Earnings and Production Results for the Fourth Quarter and Fiscal Year Ended April 30, 2014

Miller Energy Resources, Inc. reported consolidated earnings and production results for the fourth quarter and fiscal year and production results for the fiscal year ended April 30, 2013. Total revenues for the fourth quarter increased 33% to $22.1 million compared to $16.6 million for the third quarter. Adjusted EBITDA for the fourth quarter (which included $16.3 million of Alaska production credits) increased 516% to $26.5 million compared to $4.3 million for the third quarter. Net loss before income taxes for the fourth quarter (which included $16.3 million of Alaska production credits) increased to $16.8 million compared to a net loss before income taxes of $5.3 million for the third quarter. Operating loss for the fourth quarter (which included $16.3 million of Alaska production credits) increased to become operating income of $6.4 million compared to a $6.6 million operating loss for the third quarter. Net loss attributable to common stockholders was $17.2 million, or $0.38 per diluted share, for the fourth quarter compared to a net loss attributable to common stockholders of $6.8 million, or $0.15 per diluted share for the third quarter. Capital expenditures for the fourth quarter decreased to $40.0 million compared to $45.5 million for the third quarter. The increases in production, revenue and adjusted EBITDA primarily due to successful drilling activity and the acquisition of North Fork. The increase in net loss was primarily associated with non-cash charges including the loss on debt extinguishment from refinancing previous Apollo facility with a new, more cost effective facility, and non-cash changes in the fair value of derivatives resulting from an increase in commodity prices. Total revenues for fiscal 2014 increased 103% to $70.6 million compared to $34.8 million for fiscal 2013. Adjusted EBITDA for fiscal 2014 increased to $37.8 million compared to an adjusted EBITDA loss of $5.2 million for fiscal 2013. Net loss before income taxes, most directly comparable GAAP performance measure to adjusted EBITDA, for fiscal 2014 increased to $43.5 million compared to a net loss before income taxes of $30.2 million for fiscal 2013. Operating loss for fiscal 2014 decreased to $10.7 million compared to $32.3 million for fiscal 2013. Net loss attributable to common stockholders of $41.8 million, or $0.94 per diluted share, for fiscal 2014 compared to a net loss of $25.5 million, or $0.60 per diluted share for fiscal 2013. Total debt of $184.2 million at April 30, 2014 increased compared to $74.3 million at January 31, 2014 and $55.0 million at April 30, 2013. Capital expenditures increased in fiscal 2014 to $167.9 million compared to $37.9 million in fiscal 2013. The increases in production, revenue and adjusted EBITDA primarily due to successful drilling activity and the acquisition of North Fork. The increase in net loss was primarily associated with non-cash charges including the loss on debt extinguishment from refinancing previous Apollo facility with a new, more cost effective facility, and non-cash changes in the fair value of derivatives resulting from an increase in commodity prices. For the quarter, the company's average net daily production increased 25% to 3,070 boe/d, compared to 2,450 boe/d for the third quarter. For the full year, the company's average net daily production increased 157% to 2,238 boe/d, compared to 870 boe/d for fiscal 2013.

Miller Energy Resources, Inc., Q4 2014 Earnings Call, Jul 15, 2014

Miller Energy Resources, Inc., Q4 2014 Earnings Call, Jul 15, 2014

Miller Plans To Sell Tennessee Assets

Miller Energy Resources, Inc. (NYSE:MILL) is planning to divest its Tennessee assets. Miller has commenced implementation of an internal restructuring and cost reduction program designed to reduce annual general and administrative expenses by $3 to $5 million.

 

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MILL

Industry Average

Valuation MILL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.2x
Price/Book 0.9x
Price/Cash Flow 43.9x
TEV/Sales NM Not Meaningful
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