Profile:
Pyramid Oil Co.
2008-21st Street
Bakersfield, CA 93301
United States - Map
Phone: 661-325-1000
Fax: 661-325-0100
Web Site: http://www.pyramidoil.com
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 13
BUSINESS SUMMARY
Pyramid Oil Company engages in the exploration, development, and production of crude oil and natural gas primarily in California. It holds oil and gas interests primarily in California, as well as in New York and Wyoming. The company sells oil and gas primarily to crude oil purchasers, refineries, or pipeline companies. As of December 31, 2006, it had proved developed and undeveloped reserves of 741 MBbls of oil and 65 MMCF of gas. The company was founded in 1909 and is based in Bakersfield, California.
A microcap oil exhibiting strength.
volume + gains = on my radar ;) ;D 8)
adding this one to my watch list, need to do some dd on this company and wait for a decent pullback before jumping into this one, but recent volume and gain has me itching to pull the buy trigger.
hoping to get in this around 5.20 for the long haul
Nobody likes oil at these prices...but at least having some stocks like this help some of us.
Question, would we rather see oil at 65 $ a share, or have 5000 shares of PDO ?
I will take the $65.00 oil ;D, and a stock price of $5.00 on PDO ;D...its going higher. ;)
Running hard
Anyone in this Monster. :o
Not me. :-\
Scottrade wouldn't let me buy... >:(
I woulda had a swift 15% run...
Wait for a decent pullback before jumping into this one....... ;)
SmallCapInvestor.com
Pyramid Oil, James River Coal and WSI Industries among 52-week highs
Monday April 21, 4:36 pm ET
were among the new 52-week highs established during Monday's trading among companies with market capitalizations or values under $750 million.
52wk Range: 3.00 - 4.50
Volume: 423,610
Avg Vol (3m): 2,326.15
Market Cap: 35.43M
P/E (ttm): 23.68
EPS (ttm): 0.40
Technicals
Record Price High
Percentage Gainer
Last Price Quote is:
inf%above 13-day MA
inf%above 50-day MA
RS Rating: N/A
Fundamentals
Key Data:
Market Cap (M): N/A
P/E Ratio: N/A
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Technicals
Record Price High
Percentage Gainer
MACD is Bullish
Stochastic is Bullish
2:59PM Pyramid Oil jumps over 30% after reporting Q1 earnings 30 minutes ago (PDO) 12.60 +3.71 : PDO has traded ~$3 (~31%) in that past 30 minutes, after reporting Q1 EPS of $0.22 vs $0.02 in 1Q07 and revs that rose 92% YoY to $1.6 mln. "The sales and earnings momentum we carried at the end fiscal 2007 continued through the first fiscal quarter, and in light of the opportunities we are pursuing to increase our oil and gas production, we are optimistic about our prospects for continued financial growth during the remainder of the year.... Important progress has been achieved on our natural gas joint venture in Texas, where the operator recently executed a gas sales contract... We anticipate construction of the 3.8-mile gas pipeline will begin shortly, and are anticipating that sales will commence sometime this summer."
Press Release Source: Pyramid Oil Company
Pyramid Oil Company Announces Strong Revenue and Earnings Growth in First Fiscal Quarter
Thursday May 15, 2:31 pm ET
Revenue Increases 92% to $1.6 Million Versus Q1 Last Year; Net Income Improves to $834,000, or $0.22 per Share, Versus $58,000, or $0.02 per Share, in Comparable Year-Ago Quarter
BAKERSFIELD, CA--(MARKET WIRE)--May 15, 2008 -- Pyramid Oil Company (AMEX:PDO - News) today announced financial results for its first fiscal quarter ended March 31, 2008.
Revenue increased 92% to $1,589,896 versus $826,180 in last year's first quarter. Approximately 81% of the increase was due to higher oil and gas prices, which were up by $38.50 per equivalent barrel of oil versus the first quarter last year. Approximately 12% of the increase was due to higher production and sales levels. Pyramid's first quarter net revenue share of crude oil production increased by approximately 1,800 barrels compared with the first quarter last year.
Operating income increased to $739,698 versus $44,379 in the first quarter a year ago. Net income rose to $834,271, or $0.22 per diluted share, from $57,929, or $0.02 per diluted share, in the comparable year-ago quarter.
John Alexander, president and CEO, said, "The sales and earnings momentum we carried at the end fiscal 2007 continued through the first fiscal quarter, and in light of the opportunities we are pursuing to increase our oil and gas production, we are optimistic about our prospects for continued financial growth during the remainder of the year.
"Important progress has been achieved on our natural gas joint venture in Texas, where the operator recently executed a gas sales contract," Alexander said. "We anticipate construction of the 3.8-mile gas pipeline will begin shortly, and are anticipating that sales will commence sometime this summer."
Post-frac testing on the initial well in the Texas JV indicated natural gas rates of more than 4 million cubic feet per day. Pyramid owns a gross 12.5% working interest (before payout) in the prospect. The JV also holds oil and gas leases on approximately 5,700 contiguous acres surrounding the initial well, and plans to commence additional drilling operations on the acreage shortly after completion of the gas sales pipeline.
Pyramid also is currently conducting completion and testing operations on a recently drilled well in its Carneros Creek field in California, and intends to report on production results once testing efforts have been completed. The Company plans to drill additional wells in the field during 2008, and also is conducting enhancement efforts on several existing Carneros Creek wells in an effort to boost production rates.
Cash and short-term investments at March 31, 2008, were $2,329,113, up from $2,097,427 at December 31, 2007. Working capital at the end of the first quarter improved to $2,398,148 from $2,251,635 at the end of fiscal 2007. Stockholders' equity increased to $7,438,226 from $6,603,955 during the three-month period.
About Pyramid Oil Company
Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas. More information about the Company can be found at: http://www.pyramidoil.com.
Safe Harbor Statement
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements regarding the completion and testing of wells. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Factors that could cause or contribute to such differences include, but are not limited to the value of crude oil or the performance of wells.
Year to Date Biggest Percentage Gainers.
As of Friday's closing Price
#1 PDO $15.74 +456%
Day's Range: 15.20 - 19.85
52wk Range: 3.00 - 4.50
Volume: 1,036,577
Avg Vol (3m): 2,326.15
Market Cap: 68.46M
P/E (ttm): 45.75
EPS (ttm): 0.40
Technicals
Record Volume
Record Price High
Percentage Gainer
Not sure how far this one can go...but it is the #1 biggest percentage gainer of the year.
52wk Range: 3.00 - 4.50
Volume: 1,227,822
Avg Vol (3m): 2,326.15
Technicals
Record Price High
Percentage Gainer
Price Gainer
Pyramid Oil among 52-week highs.......
Day's Range: 24.00 - 28.00
52wk Range: 3.00 - 4.50
Volume: 1,847,156
Avg Vol (3m): 2,326.15
Market Cap: 101.38M
P/E (ttm): 68.45
EPS (ttm): 0.40
Technicals
Record Price High
Gap Up
Percentage Gainer
Price Gainer
Nice call on this stock just 7 months ago....
I should have been more attentive !!
Parabolic earnings rise...Holding its ground.
Support @ $18.40...15.72...12.89
Resistance @ $28.75...31.94
MACD is Bullish
Stochastic is Neutral
Recent CandleStick Analysis
Very Bullish
Jun-02-2008 Bullish Engulfing
52wk Range: N/A
Volume: 725,208
Avg Vol (3m): N/A
Market Cap: 72.95M
P/E (ttm): 32.13
EPS (ttm): 0.607
Div & Yield: N/A (N/A)
Technicals
Percentage Gainer
Sector, moving out of consolidation area
after a bullish move from 4 to almost 30 in one month!
Technicals
Percentage Gainer
Price Gainer
Fundamentals
Stock Split Pending on Jul 03 (5-4)
BreakOut...
Anyone here... ???
SmallCapInvestor.com
MEDecision, Pyramid Oil and Tri-Valley lead small-cap percentage gainers
Wednesday June 18, 2:37 pm ET
Will Atkinson
MEDecision Inc (NasdaqGM:MEDE), Pyramid Oil Co (AMEX:PDO) and Tri-Valley Corp (AMEX:TIV) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.
Also included among the results: Royale Energy Inc (NasdaqGM:ROYL), PAM Transportation Services Inc (NasdaqGM:PTSI), FieldPoint Petroleum Corp (AMEX:FPP), Northern Oil and Gas Inc (AMEX:NOG), Reddy Ice Holdings Inc (NYSE:FRZ) and Sonesta International Hotels Corp (NasdaqGM:SNSTA).
Technicals
Record Price High
Percentage Gainer
Price Gainer
Fundamentals
Stock Split Pending on Jul 03 (5-4)
Pyramid Oil: Small Stock, Big Growth.......
Joshua Hayes
A stock that has been making me a lot of money recently and is a stock you should be watching is a small stock not many know about. Pyramid Oil Company (PDO) is engaged in the exploration and development of crude oil and natural gas primarily in California.
When I go long stocks, I demand major growth, and I have that here. However, this is not the most safe position. Making sure that your style matches this style is very important before going long this gem.
Growth is the most important thing for me as EPS and sales growth have proven to be the major driver behind the best stocks ever. When it comes to EPS and sales growth, PDO has it covered. EPS growth has been 89%, over 999%, and over 999% the past three quarters. Sales growth has been 1%, 49%, 61%, and 92% the past four quarters.
This growth gives it a steady EPS growth rate of 39% with a P/E ratio of 29, which is in the mid range of the 3-50 zone of the P/E level the past five years. However, P/E ratio has never proven to correlate to history's biggest winners. EPS and sales growth have proven to be more important.
Other areas that light up a major interest for me about this stock is that management still owns 63% of the shares outstanding, which means that they are still highly invested in this company and expect higher growth. Even though there is only one mutual fund involved in the stock currently, I am sure that as the growth continues to increase we will see a lot more funds get involved in this high quality stocks.
The ratings in IBD are incredible with a 97 EPS rating, 99 group RS rating, a 99 RS rating, an A for SMR (sales, profit margins, and return on equity), an A for accumulation/distribution, a 99 for composite rating, and an A for timeliness rating. It simply doesn't get any better than that.
I already have a 98% gain in the stock from my first purchase, but I do want to buy more of this stock and will pick up more if it can either create a base lasting five weeks and then break out on huge volume, or if it can pull back to the 50 day moving average and then bounce on strong volume.
Even though I use technical analysis to make my actual purchases, you are more than welcome to tackle the stock any way you like. I am just bringing to your attention a potential future monster stock. Fundamentals account for 80% of the reason for me to go long a stock, but I have found technicals are best for me when deciding to actually take the trade.
Title: split 5-for-4, record date June 24
Pyramid Oil Company Clarifies Payment Date for Stock Split
2:24p ET June 9, 2008 (Market Wire)
Pyramid Oil Company (AMEX: PDO) today clarified that the payment date of the 5-for-4 stock split announced earlier today will be July 3, 2008, to shareholders of record as of June 24, 2008. The effective date of the split has been revised to July 7, 2008, from the previously reported July 1, 2008.
About Pyramid Oil Company
Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas. More information about the Company can be found at: http://www.pyramidoil.com.
SmallCapInvestor.com
Royale Energy, Pyramid Oil and TM Entertainment and Media among 52-week highs
Tuesday June 24, 4:19 pm ET
Will Atkinson
Royale Energy Inc (NasdaqGM:ROYL), Pyramid Oil Co (AMEX:PDO) and TM Entertainment and Media Inc (AMEX:TMI) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.
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Hope it goes to 100 :D :D :D
52wk Range: 3.00 - 4.50
Volume: 1,497,364
Avg Vol (3m): 2,326.15
Market Cap: 155.63M
P/E (ttm): 68.53
EPS (ttm): 0.607
Div & Yield: N/A (N/A)
Technicals
Record Price High
Percentage Gainer
Price Gainer
Fundamentals
Stock Split Pending on Jul 03 (5-4)
Split: Pyramid Oil stock split (5:4 ratio).......
Insider sold...
http://www.sec.gov/Archives/edgar/data/81318/000092816908000002/xslF345/primary_doc.xml
I can't understand why he didn't sell when the stock hit over the $40 mark ???
Technicals
Percentage Gainer
keep err on your radar.......
Press Release Source: Pyramid Oil Company
Pyramid Oil Company Reports 154% Increase in Second Quarter Net Income on 91% Increase in Q2 Revenue
Wednesday August 13, 9:00 am ET
Construction on Texas Gas Sales Line Complete
BAKERSFIELD, CA--(MARKET WIRE)--Aug 13, 2008 -- Pyramid Oil Company (PDO - News) today announced financial results for its second quarter and six-month period ended June 30, 2008.
Second quarter revenue increased 91% to $2.1 million from $1.1 million in last year's second quarter. Approximately 93% of the increase resulted from higher oil and gas prices, which increased by approximately $57.19 per equivalent barrel of oil versus last year's second quarter. Operating income increased by 226% to $1.2 million versus $362,000 in the second quarter a year ago. Net income improved by 154% to $908,000, or $0.24 per diluted share ($0.19 per diluted share after a 5-for-4 stock split that became effective July 7, 2008) from $357,000, or $0.10 per diluted share ($0.08 per diluted share, post split) in the second quarter last year.
Through six months, Pyramid reported revenue of $3.7 million, up 92% versus revenue of $1.9 million in the same period a year ago. Operating income increased 372% to $1.9 million from $406,000 in the six-month period last year. Net income increased 320% to $1.7 million, or $0.47 per diluted share ($0.37 per diluted share, post split) from $415,000, or $0.11 per diluted share ($0.09 per diluted share, post split) in the 2007 six-month period.
John Alexander, president and CEO, said, "Our strong second quarter performance helped fuel solid cash flow from operations, which through six months had increased 183% to $1.7 million versus the comparable period last year. We expect to elevate our oil and gas production rates during the second half of the year, and are therefore optimistic about our prospects for continued strong top- and bottom-line financial results."
Mr. Alexander said construction and hook up of a gas sales line at the Company's Texas natural gas joint venture was completed during the first week in August, and the well is scheduled to commence production in the coming days. A gas sales contract is in place, and the operator has plans for additional near-term drilling on the joint venture's 5,700-acre lease area in south-central Texas. Post-frac testing on the initial well indicated natural gas rates of more than 4 million cubic feet per day. Pyramid owns a gross 12.5% working interest (before payout) in the prospect.
Pyramid remained active in its Carneros Creek field in California, where it has been conducting enhancement efforts on several existing wells, and also has been executing a developmental drilling program. The Company is currently waiting on a drilling rig, which it will use on its Anderson property to penetrate the point-of-rocks formation at a depth of approximately 3,100 feet. Drilling is expected to commence late in the third quarter.
Cash and short-term investments at June 30, 2008, were $2.9 million, up from $2.1 million at December 31, 2007. Working capital at the end of the second quarter improved to $3.4 million from $2.3 million at the end of fiscal 2007. Stockholders' equity increased to $8.4 million from $6.6 million at the end of fiscal 2007.
About Pyramid Oil Company
Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas. More information about the Company can be found at: http://www.pyramidoil.com.
Safe Harbor Statement
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements regarding the completion and testing of wells. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Factors that could cause or contribute to such differences include, but are not limited to the value of crude oil or the performance of wells.
Contact:
CONTACTS:
John H. Alexander
President and CEO
Pyramid Oil Company
661-325-1000
Geoff High
Principal
Pfeiffer High Investor Relations, Inc.
303-393-7044
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Source: Pyramid Oil Company
updated chart look...