Eco (Atlantic) Oil & Gas Ret. on equity
What is the Ret. on equity of Eco (Atlantic) Oil & Gas?
The Ret. on equity of Eco (Atlantic) Oil & Gas Ltd. is -16.10%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Energy sector on LSE compared to Eco (Atlantic) Oil & Gas
What does Eco (Atlantic) Oil & Gas do?
Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana. It also holds 85% working interest in the Cooper Block, which covers an area of approximately 5,788 square kilometers; 85%working interest in the Sharon Block, which covers an area of approximately 5,700 square kilometers; 85% working interest in the Guy License covering an area of approximately 11,457 square kilometers; and an 85% working interest in the Tamar Block that covers an area of approximately 5,649 square kilometers located in the Walvis Basin offshore, Namibia. In addition, the company engages in the development of solar projects. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada.
Companies with ret. on equity similar to Eco (Atlantic) Oil & Gas
- Silver Tide has Ret. on equity of -16.15%
- BlackRock New York Municipal Income Trust has Ret. on equity of -16.14%
- BlackRock Duration Income Trust has Ret. on equity of -16.13%
- Medigus has Ret. on equity of -16.12%
- Polo Resources has Ret. on equity of -16.11%
- Insilco has Ret. on equity of -16.10%
- Eco (Atlantic) Oil & Gas has Ret. on equity of -16.10%
- Golden Goliath Resources has Ret. on equity of -16.09%
- Golden Goliath Resources has Ret. on equity of -16.09%
- Blue Star Helium has Ret. on equity of -16.08%
- Bio-Rad Laboratories has Ret. on equity of -16.07%
- General Electric has Ret. on equity of -16.06%
- MJ Hudson plc has Ret. on equity of -16.06%