China Tracker - Details for China Natural Gas (CHNG)


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 China Natural Gas
Shares Outstanding (MRQ): 21.43 mill
New Shares / Dilution (TTM): 4.60 mill27.33% 
New Shares / Dilution (since Dec 31, 2008): 6.79 mill46.34% 
Cash (MRQ): 10.05 mill0.00%
Account Receivables (MRQ): 1.82 mill0.00%
Account Receivables (Q/Q): + 0.43 mill  
Long-Term Debt (MRQ): 64.02 mill0.00%
Revenue Growth (Q/Q): 21.49% 
Revenue Growth (Y/Y): 25.17% 
Net Income Growth (Q/Q): 52.92% 
Net Income Growth (Y/Y): -15.54%
EPS Growth (Y/Y): -33.67%
Net Margin (Q/Q): 17.7% (14.0%)3.60% 
Net Margin (Y/Y): 17.7% (26.2%)-8.50% 
EPS | P/E (2 MRQ Projection): $0.740.00 
CFPS | P/CF (2 MRQ Projection): $0.720.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Friedman 
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-10-31): $0.850.00 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2005-12-06 
Uplisting to Senior Exchange: on 2009-06-05 at $9.10 (-100.00% since Uplisting)

 Business Outlook

Mr. Qinan Ji, Chairman and Chief Executive Officer of China Natural Gas, announced today that he entered into an exclusivity agreement with a consortium backed by Themes Investment Partners, a China-focused private equity firm. Mr. Ji informed the Special Committee of the Board of Directors of the Company that he intended to work together with the consortium to formulate a proposal to acquire all of the outstanding shares of common stock of China Natural Gas he and his affiliates do not currently own through a going private transaction at a proposed price of $4.25 per share in cash. Mr. Ji, directly and indirectly, currently beneficially owns approximately 13.99% of the Company's common stock.

(Source: PR Newswire, 2011-06-30)

The successful expansion of our CNG fueling station business in Xi'an and Henan Province has been a significant factor driving our revenue growth and results of operations for the quarter. We intend to continue to increase the number of CNG fueling stations in Xi'an and Henan Province, and we anticipate the growth of our CNG fueling stations and our LNG facility coming online continue to add to both our top-line and bottom-line growth.

(Source: PR Newswire, 2011-05-10)

We remain optimistic about the market growth and potentials for natural gas usage in the developing Shaanxi and Henan provinces. We will continue to focus on growing our business strategically by steadily expanding our CNG customer base, especially focusing on sales to fleet vehicles and taxis. We are confident that our strong balance sheet, our current infrastructure, technical expertise and strategic CNG expansions will help sustain our steady growth and profitability.

We also continue to remain optimistic about the long-term opportunities in the LNG market as China aims to increase natural gas usage. Upon the completion of our new LNG plant, we intend to aggressively grow our LNG business so as to capture a sizable share of China's emerging LNG market. We believe that once in full operations, our LNG business will enable us to further strengthen our market position, accelerate our growth and will bring greater value to our shareholders.

(Source: PR Newswire, 2011-03-14)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-04-11Rodman & RenshawDowngradeTerminatedn/a
2011-03-22Roth CapitalDowngradeSuspendedn/a
2011-01-27Roth CapitalDowngradeSell$4.50
2010-12-10Roth CapitalReiterationNeutral$5.00
2010-11-16Roth CapitalUpgradeNeutral$5.00

CHNG is currently followed by 2 analysts. 0 give the stock a positive rating, 1 rate it neutral and 1 give it a negative rating.


    see all Analyst Ratings

 Recent Financings
2009-09-04Priced$50.09 mill5.73 mill shares$8.75
CHNG
Oil & Gas
SCORE
-1
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for CHNG
Current Price:  n/a
F10k Day (2005-12-20): -100.00%$7.00
2009 Close: -100.00%$11.12
2010 Close: -100.00%$5.51
High (2012-03-07): -100.00%$1.93
Low (2012-03-08): -100.00%$0.61
Exchange:
Market Capitalization: n/a
Total Shares: 21.43 mill
Float: n/a
Avg Volume: 194.30 k
Short Interest: 1.13 mill
Short Ratio: 7.41%5.8 d
Last Quarter: 2010-12-31
Revenue (MRQ): 27.12 mill
Net Income (MRQ): 4.79 mill
Op. Cash Flow (MRQ): 3.17 mill
all financial data provided without warranty