Oil stocks

Table of Contents

5 high debt loads:1, 2

in 2014

  • Halcon Resources (NYSE:HK)
    • total liabilities in the third quarter of $4,416 million versus shareholders' equity of only $1,518 million.
    • a very high 3 to 1 debt to equity ratio.
    • revenues would come out to $1,224 million. The company's debt level is almost 3 times its annual revenues.
  • Oasis Petroleum (NYSE:OAS)
    • liabilities in the third quarter of $3,272 million versus shareholder equity of only $1,520 million
    • a high 2 to 1 debt to equity ratio
    • an annualized basis revenues would come out to $1,400 million. The company's debt is more than 2 times its annual revenue.
    • debt will be in 2019
  • Sanchez Energy (NYSE:SN)
    • total liabilities of $2,026 million versus shareholder equity of $1,079.
    • almost a 2 to 1 debt to equity ratio.
    • annualized basis revenues: $827 million, debt almost 2 1/2 times its annualized revenues
  • Triangle Petroleum (NYSEMKT:TPLM)
    • total liabilities of $1,015 million versus $536 million in shareholder equity
    • a relatively high debt to equity ratio of 2 to 1.
    • a very high 3 to 1 debt to revenue ratio
  • Goodrich Petroleum (NYSE:GDP)
    • $798 million in liabilities versus just $215 million in shareholder equity
    • debt to equity ratio is almost 4 to 1.
    • annualized basis is $220 million, debt is almost 4 times higher than their revenue
    • They had success, but the wells are very expensive and unfortunately are uneconomic in the current energy commodity price structure.

5 low debt levels

  • Matador Resources (NYSE:MTDR)
    • total liabilities of $459 million, but the company had shareholder equity of $818 million.
    • approximately a 1 to 2 debt to shareholder equity ratio.
    • on an annualized basis totals $388 million. The company had around a 1 to 1 ratio of its debt compared to the amount of its annualized revenue.
  • Callon Petroleum (NYSE:CPE)
    • Callon has $176 million in total liabilities versus $415 million in shareholders' equity.
    • $1 in debt for every $3 in equity.
    • annualizes to $160 million. This is also an almost 1 to 1 debt to revenue ratio.
  • Contango (NYSEMKT:MCF)
    • $277 million in total liabilities versus shareholder equity of $595 million.
    • 1 to 2 debt to equity ratio
    • annualized basis would total $268 million. almost 1 to 1 debt to revenue ratio.
  • U.S. Energy (NASDAQ:USEG)
    • $16 million in total liabilities versus $110 million in shareholders' equity
    • debt to equity ratio almost 1 to 7
    • $40 million in revenue, approximately 1 time debt to 3 times revenue.
  • Abraxas (NASDAQ:AXAS)
    • total liabilities of $141 million and total shareholders' equity of $176 million
    • debt to equity ratio of less than 1 to 1
    • revenue would be $176 million, the debt to revenue ratio would also be less than 1 debt to 1 times revenue

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