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SEASIDE ANALYTICS, LLC Industry-Specific
Stock Valuation Metrics |
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Oil and
Gas Stocks |
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Valuation
of oil and gas stocks hinges importantly upon reported oil and natural gas
reserve quantities and related estimates of future net cash flows. Proved oil and natural gas reserves are the
estimated quantities of crude oil, natural gas, and natural gas liquids which
geological and engineering data demonstrate with reasonable certainty to be
recoverable in future periods from known reservoirs under existing economic
and operating conditions. Such reserve
quantities and future cash flows are generally prepared in accordance with
guidelines established by the SEC and FASB.
The accuracy of reserve estimates is a function of the quality and
quantity of available data, the interpretation of such data, the accuracy of
various mandated economic assumptions, and the judgments of the persons
preparing the estimates. One
method of comparing the valuations of oil and gas stocks is to rank them in
accordance with the ratio of their enterprise value (market capitalization,
plus excess working capital, less debt) to their estimate of future net cash
flows (Present Value, discounted at 10%, or "PV-10"). Here are some articles relating to the
oil and gas industry: Petroleum,
Natural Gas, Peak Oil, Largest
Petroleum Companies. The oil and gas stocks below are listed within sector by market capitalization. We welcome suggestions for additional companies. |
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Market |
Stock |
Trading |
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Company |
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Stock |
Cap |
Price |
Stats |
Web |
SEC |
Income |
Balance |
Profile |
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Small and
Mid-Cap Producers/U.S. |
Symbol |
(millions) |
(4/18) |
& Chart |
Site |
Filings |
Statement |
Sheet |
(a) |
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Whiting
Petroleum Corporation |
WLL |
3,240 |
76.62 |
NA |
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W&T
Offshore, Inc. |
WTI |
3,090 |
40.50 |
NA |
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Mariner Energy,
Inc. |
ME |
2,590 |
29.73 |
NA |
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Atlas Energy
Resources, LLC |
ATN |
2,440 |
39.33 |
NA |
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Bill Barrett
Corporation |
BBG |
2,420 |
54.14 |
NA |
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Carrizo Oil
& Gas, Inc. |
CRZO |
1,910 |
68.34 |
NA |
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Atlas America,
Inc. |
ATLS |
1,890 |
70.41 |
NA |
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Bois d'Arc Energy, Inc. |
BDE |
1,750 |
26.27 |
NA |
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Arena Resources |
ARD |
1,550 |
44.29 |
NA |
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Parallel
Petroleum Corp. |
PLLL |
948 |
22.98 |
NA |
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Venoco, Inc. |
VQ |
781 |
15.37 |
NA |
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Brigham
Exploration Company |
BEXP |
428 |
9.28 |
NA |
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Cano Petroleum,
Inc. |
CFW |
214 |
5.70 |
NA |
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Kodiak Oil
& Gas Corp. |
KOG |
256 |
2.91 |
NA |
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Abraxas Petroleum
Corporation |
ABP |
201 |
4.10 |
NA |
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NGAS Resources,
Inc. |
NGAS |
171 |
6.50 |
NA |
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Tri-Valley
Corporation |
TIV |
165 |
6.49 |
NA |
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Dune Energy,
Inc. |
DNE |
124 |
1.56 |
NA |
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Platinum Energy
Resources, Inc. |
PGRI |
104 |
4.70 |
NA |
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Westside Energy
Corporation |
WHT |
97 |
3.75 |
NA |
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South Texas Oil
Company |
STXX |
92 |
5.91 |
NA |
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Petro Resources
Corporation |
PRC |
66 |
1.80 |
NA |
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Spindletop Oil & Gas
Co. |
SPND |
42 |
5.50 |
NA |
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Petrosearch Energy
Corporation |
PTSG |
31 |
0.75 |
NA |
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Market |
Stock |
Trading |
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Company |
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Stock |
Cap |
Price |
Stats |
Web |
SEC |
Income |
Balance |
Profile |
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Small and
Mid-Cap Producers/Foreign |
Symbol |
(millions) |
(4/18) |
& Chart |
Site |
Filings |
Statement |
Sheet |
(a) |
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Compton
Petroleum Corporation |
CMZ |
1,560 |
12.07 |
NA |
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BPZ Resources,
Inc. |
BZP |
1,430 |
19.27 |
NA |
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Canadian
Superior Energy, Inc. |
SNG |
443 |
3.16 |
NA |
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GeoGlobal Resources,
Inc. |
GGR |
195 |
2.70 |
NA |
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Challenger
Energy Corp. |
CHQ |
140 |
3.35 |
NA |
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Hyperdynamics Corporation |
HDY |
84 |
1.49 |
NA |
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China North East Petroleu |