Company profile

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

PVAC stock data

(
)

Calendar

8 May 20
14 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 91.38M 123.92M 119.3M 122.77M
Net income 163.09M 3.3M 54.36M 51.63M
Diluted EPS 10.76 0.23 3.59 3.4
Net profit margin 178% 2.66% 45.57% 42.05%
Operating income 21.3M 50.23M 40.04M 47.89M
Net change in cash 47.53M -3.59M -1.41M 8.14M
Cash on hand 55.33M 7.8M 11.39M 12.8M
Cost of revenue 5.44M 6.26M 6.6M 6.41M
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 10b5-1 $Price #Shares $Value #Remaining
8 Jun 20 Mangrove Partners Master Fund Common stock of $0.01 par value Sell Dispose S No 17.8486 545,831 9.74M 1,132,251
8 Jun 20 Mangrove Partners Master Fund Common stock of $0.01 par value Sell Dispose S No 17.9696 50,000 898.48K 1,678,082
8 Jun 20 Mangrove Partners Master Fund Common stock of $0.01 par value Sell Dispose S No 18.0917 654 11.83K 1,728,082
8 Jun 20 Mangrove Partners Master Fund Common stock of $0.01 par value Sell Dispose S No 18.0917 646 11.69K 1,728,736
5 Jun 20 Mangrove Partners Master Fund Cash settled total return swap (obligation to buy) Common stock of $0.01 par value Sell Dispose S No 15.8981 106,976 1.7M 0
19 Mar 20 Cepak Tiffany Thom Common Stock Grant Aquire A No 0 5,150 0 6,344
19 Mar 20 Jerry R Schuyler Common Stock Grant Aquire A No 0 5,150 0 13,493
19 Mar 20 Wojahn Jeff E Common Stock Grant Aquire A No 0 5,150 0 6,344
19 Mar 20 Holderness Darin G Common Stock Grant Aquire A No 0 5,150 0 13,493
96.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 101 131 -22.9%
Opened positions 17 26 -34.6%
Closed positions 47 21 +123.8%
Increased positions 36 45 -20.0%
Reduced positions 29 30 -3.3%
13F shares
Current Prev Q Change
Total value 68.37M 464.83M -85.3%
Total shares 14.59M 15.22M -4.1%
Total puts 11.7K 107.6K -89.1%
Total calls 57.4K 423.4K -86.4%
Total put/call ratio 0.2 0.3 -19.8%
Largest owners
Shares Value Change
BLK BlackRock 2.07M $6.39M -3.1%
Mangrove Partners 1.73M $5.34M 0.0%
Strategic Value Partners 1.39M $4.3M -9.8%
683 Capital Management 1.1M $3.41M +143.9%
Silver Point Capital 1.01M $3.13M -3.7%
Vanguard 960.5K $2.97M -1.4%
STT State Street 715.33K $2.21M +17.4%
Dimensional Fund Advisors 711.67K $2.2M -1.4%
NTRS Northern Trust 457.01K $1.41M +3.8%
Contrarian Capital Management, L.L.C. 300.58K $929K +2.8%
Largest transactions
Shares Bought/sold Change
WHG Westwood 0 -757.12K EXIT
683 Capital Management 1.1M +650.31K +143.9%
Millennium Management 290.18K +262.52K +949.1%
Parametric Portfolio Associates 238.89K +197.83K +481.8%
Caymus Capital Partners 0 -193.57K EXIT
Hillcrest Asset Management 0 -156.46K EXIT
Strategic Value Partners 1.39M -150.57K -9.8%
Grantham, Mayo, Van Otterloo & Co. 196.2K +132.6K +208.5%
SG Americas Securities 0 -121.49K EXIT
MS^L Morgan Stanley 191.07K +120.47K +170.7%

Financial report summary

?
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, natural gas liquids, or NGLs, and natural gas. Our current operations consist of drilling unconventional horizontal development wells and operating our producing wells in the Eagle Ford Shale, or the Eagle Ford, in Gonzales, Lavaca, Fayette and DeWitt Counties in South Texas.
  • The global public health crisis associated with the novel coronavirus, or COVID-19, has and is anticipated to continue to have an adverse effect on global economic activity for the immediate future and has resulted in travel restrictions, business closures and the institution of quarantining and other restrictions on movement in many communities. The slowdown in global economic activity attributable to COVID-19 has resulted in a dramatic decline in the demand for energy which directly impacts our industry and the Company. In addition, global crude oil prices experienced a collapse starting in early March 2020 as a direct result of failed negotiations between the Organization of the Petroleum Exporting Countries, or OPEC, and Russia. In response to the global economic slowdown, OPEC had recommended a decrease in production levels in order to accommodate reduced demand. Russia rejected the recommendation of OPEC as a concession to U.S. producers. After the failure to reach an agreement, Saudi Arabia, a dominant member of OPEC, and other Persian Gulf OPEC members announced intentions to increase production and offer price discounts to buyers in certain geographic regions.
  • As the breadth of the COVID-19 health crisis expanded throughout the month of March 2020 and governmental authorities implemented more restrictive measures to limit person-to-person contact, global economic activity continued to decline commensurately. The associated impact on the energy industry has been adverse and continued to be exacerbated by the unresolved conflict regarding production. In the second week of April, OPEC, Russia and certain other petroleum producing nations, or OPEC+, reconvened to discuss the matter of production cuts in light of unprecedented disruption and supply and demand imbalances that expanded since the failed negotiations in early March 2020. Tentative agreements were reached to cut production by up to 10 million barrels of oil per day, or BOPD, with allocations to be made among the OPEC+ participants. If effected, these production cuts, however, may not offset near-term demand loss attributable to the COVID-19 health crisis and related economic slowdown, and the tentative agreement has not resulted in increased commodity prices.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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