Company profile

Ticker
PVAC
Exchange
CEO
John A. Brooks
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
231184320

PVAC stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

28 Feb 20
4 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 123.92M 119.3M 122.77M 105.23M
Net income 3.3M 54.36M 51.63M -38.7M
Diluted EPS 0.23 3.59 3.4 -2.56
Net profit margin 2.66% 45.57% 42.05% -36.77%
Operating income 50.23M 40.04M 47.89M 38.67M
Net change in cash -3.59M -1.41M 8.14M -13.21M
Cash on hand 7.8M 11.39M 12.8M 4.66M
Cost of revenue 6.26M 6.6M 6.41M 3.93M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 471.22M 440.83M 160.05M
Net income 70.59M 224.79M 32.66M -1.61B
Diluted EPS 4.67 14.7 2.17
Net profit margin 14.98% 50.99% 20.41%
Operating income 176.82M 208.76M 51.87M
Net change in cash -10.07M 6.85M 4.26M -5.19M
Cash on hand 7.8M 17.86M 11.02M 6.76M
Cost of revenue 23.2M 18.63M 10.73M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
19 Mar 20 Cepak Tiffany Thom Common Stock Grant Aquire A 0 5,150 0 6,344
19 Mar 20 Jerry R Schuyler Common Stock Grant Aquire A 0 5,150 0 13,493
19 Mar 20 Wojahn Jeff E Common Stock Grant Aquire A 0 5,150 0 6,344
19 Mar 20 Holderness Darin G Common Stock Grant Aquire A 0 5,150 0 13,493
19 Mar 20 Victor Frank Pottow Common Stock Grant Aquire A 0 5,150 0 7,048
13F holders
Current Prev Q Change
Total holders 131 126 +4.0%
Opened positions 26 16 +62.5%
Closed positions 21 21
Increased positions 45 42 +7.1%
Reduced positions 30 37 -18.9%
13F shares
Current Prev Q Change
Total value 464.83M 447.93M +3.8%
Total shares 15.22M 15.41M -1.2%
Total puts 107.6K 50.98K +111.1%
Total calls 423.4K 644.99K -34.4%
Total put/call ratio 0.3 0.1 +221.5%
Largest owners
Shares Value Change
BLK BlackRock 2.14M $64.83M +4.1%
Mangrove Partners 1.73M $52.49M 0.0%
Strategic Value Partners 1.54M $46.76M 0.0%
Silver Point Capital 1.05M $31.87M 0.0%
Vanguard 973.78K $29.56M +10.4%
WHG Westwood 757.12K $22.98M +5.9%
Dimensional Fund Advisors 721.5K $21.9M +14.4%
STT State Street 609.35K $18.49M +9.6%
683 Capital Management 452K $13.72M -21.7%
NTRS Northern Trust 440.11K $13.36M +42.8%
Largest transactions
Shares Bought/sold Change
KLS Diversified Asset Management 0 -710.91K EXIT
Allianz Asset Management GmbH 8.18K -168.81K -95.4%
SIR Capital Management 0 -158.71K EXIT
Prescott Group Capital Management, L.L.C. 0 -158.13K EXIT
GS The Goldman Sachs Group, Inc. 34.72K -136.59K -79.7%
NTRS Northern Trust 440.11K +131.85K +42.8%
683 Capital Management 452K -125.6K -21.7%
Oaktree Capital Management 124K -124.98K -50.2%
SG Americas Securities 121.49K +121.49K NEW
Marshall Wace 102.21K +102.21K NEW

Financial report summary

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Competition
Westport Energy
Risks
  • Risk Factors Associated with our General Business
  • Title to Oil and Gas Properties
  • Summary of Oil and Gas Reserves
  • Proved Undeveloped Reserves
  • Preparation of Reserves Estimates and Internal Controls
  • Qualifications of Third Party Petroleum Engineers
  • Oil and Gas Production by Region
  • Drilling and Other Exploratory and Development Activities
Management Discussion
  • We are an independent oil and gas company engaged in the onshore exploration, development and production of crude oil, NGLs and natural gas. Our current operations consist of drilling unconventional horizontal development wells and operating our producing wells in the Eagle Ford, in Gonzales, Lavaca, Fayette and DeWitt Counties in South Texas.
  • Crude oil prices exhibited significant volatility throughout 2019 with a range between high and low prices of approximately $20 per barrel. This volatility has continued into February of 2020 and has included significant swings on a daily basis. In addition to the traditional domestic (i.e., significant production from the Permian Basin and mature shale plays including the Eagle Ford, etc.) and global (i.e., Middle East capacity, etc.) supply and demand factors, the impact of certain geopolitical and other dynamics have had a significant daily impact on crude oil and other commodity prices as well. For example, Middle East tensions have approached levels with military involvement not experienced in many years. In addition, the global economic impact of the coronavirus is continuing to evolve and its uncertainty has been reflected in daily commodity price volatility. While impacting us to a lesser extent, NGL and natural gas pricing has steadily declined from year-end 2018 levels due primarily to excess domestic supply and milder winter weather through January of 2020. Collectively, these trends have had a substantial impact on the rate of growth in our product revenues. These factors are anticipated to maintain downward pressure on commodity prices for the near term.
  • Since February 2019, we have contracted for our drilling rigs on a pad-to-pad basis and the day rates charged for these services as well as casing costs have declined throughout 2019. In addition, costs associated with our dedicated frac services agreement including certain component stimulation product and service costs have also declined in 2019. We anticipate that many of these costs will continue a declining trend into 2020. Costs incurred for most oilfield products and services associated with operating our properties remained relatively stable during 2019 and are anticipated to behave similarly into 2020 with moderate declines in certain costs consistent with recent industry experience.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
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