Last C$4.75 CAD
Change Today +0.08 / 1.71%
Volume 374.5K
As of 4:00 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

parallel energy trust-unit (PLT-U) Snapshot

Open
C$4.70
Previous Close
C$4.67
Day High
C$4.76
Day Low
C$4.68
52 Week High
04/23/14 - C$4.76
52 Week Low
12/12/13 - C$3.46
Market Cap
256.1M
Average Volume 10 Days
195.0K
EPS TTM
C$0.25
Shares Outstanding
53.9M
EX-Date
04/28/14
P/E TM
17.2x
Dividend
C$0.60
Dividend Yield
12.63%
Current Stock Chart for PARALLEL ENERGY TRUST-UNIT (PLT-U)

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parallel energy trust-unit (PLT-U) Details

A company description is not available for PLT-U:CN.
55 Employees
Last Reported Date: 03/20/14

parallel energy trust-unit (PLT-U) Top Compensated Officers

Chief Financial Officer of Parallel Energy In...
Total Annual Compensation: C$137.3K
Chief Operating Officer of Parallel Energy In...
Total Annual Compensation: C$146.2K
Compensation as of Fiscal Year 2012.

parallel energy trust-unit (PLT-U) Key Developments

Parallel Energy Trust Confirms April 2014 Distribution, Payable on May 23, 2014

Parallel Energy Trust confirms that its cash distribution to be paid on May 23, 2014, in respect of the period from and including April 1, 2014 to April 30, 2014, to unitholders of record on April 30, 2014 will be $0.05 per trust unit. The ex-distribution date is April 28, 2014.

Parallel Energy Trust Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-03-2014 03:45 PM

Parallel Energy Trust Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-03-2014 03:45 PM. Venue: Sheraton Centre Toronto, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Richard M. Alexander, Chief Executive Officer of Parallel Energy Inc, President of Parallel Energy Inc, Director of Parallel Energy Inc and Member of Reserves & Environmental, Health & Safety Committee.

Parallel Energy Trust Reports Audited Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2013; Maintains Production Guidance for the Full Year of 2014

Parallel Energy Trust reported audited earnings and production results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue, net of royalties was CAD 25,274,000 against CAD 20,882,000 a year ago. Funds from operations were CAD 11,306,000 against CAD 7,847,000 a year ago. Net income was CAD 9,912,000 against net loss of CAD 84,602,000 a year ago. Distributions were CAD 8,028,000 against CAD 10,920,000 a year ago. Capital expenditures excluding acquisitions were CAD 720,000 against CAD 5,743,000 a year ago. For the year, the company reported revenue, net of royalties was CAD 93,430,000 against CAD 70,441,000 a year ago. Funds from operations were CAD 41,964,000 against CAD 35,049,000 a year ago. Net income was CAD 10,088,000 against net loss of CAD 69,956,000 a year ago. Capital expenditures excluding acquisitions were CAD 11,367,000 against CAD 27,119,000 a year ago. For the quarter, the company reported production of natural gas of 14,842 mcf per day against 14,945 mcf per day a year ago. Condensate was 1,803 bbls per day against 1,821 bbls per day a year ago. Natural Gas Liquids of 2,943 bbls per day against 2,684 bbls per day a year ago. Total production was 7,220 boe per day against 6,996 boe per day a year ago. For the year, the company reported production of natural gas of 14,594 mcf per day against 12,331 mcf per day a year ago. Condensate was 1,715 bbls per day against 1,423 bbls per day a year ago. Natural Gas Liquids of 3,000 bbls per day against 2,448 bbls per day a year ago. Total production was 7,147 boe per day against 5,926 boe per day a year ago. The company retains its full year production guidance of 7,100 to 7,300 boe/day in 2014. The initial results indicate that the wells are achieving, on average, production levels that at least meet or exceed the company's 2014 initial production rate guidance of 35 to 40 boe/day.

 

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Valuation PLT-U Industry Range
Price/Earnings 24.9x
Price/Sales 2.7x
Price/Book 0.8x
Price/Cash Flow 6.5x
TEV/Sales 0.2x
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