Ubika Research has shortlisted 11 oil & gas producing stocks, which registered significant growth in oil production during 2013. The shortlisted stocks have recorded strong operating margins in 2013 and are currently trading at relatively low price to cash flow and EV to EBITDAX multiples. We note that the majority of these stocks have recorded gains during the past three months with average trading volume in excess of 100,000.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Average Volume |
Price Change (3-Month) |
Operating Margin |
EV to EBITDAX |
Price to Cash Flow |
Total Production (MMBOE) |
Total Production Growth |
|
Oasis Petroleum Inc |
NYSE |
OAS |
4.6 |
45.38 |
2,093,105 |
8.5% |
44.3% |
8.8 |
6.3 |
12.4 |
50.5% |
|
Bonanza Creek Energy |
NYSE |
BCEI |
1.9 |
47.31 |
883,893 |
16.2% |
34.8% |
7.1 |
5.6 |
5.9 |
74.2% |
|
Jones Energy Inc |
NYSE |
JONE |
0.7 |
15.02 |
140,282 |
-4.2% |
27.1% |
9.7 |
1.1 |
6.2 |
27.7% |
|
Whitecap Resources Inc |
TSX |
WCP |
3.0 |
15.15 |
3,555,137 |
28.3% |
24.6% |
10.6 |
8.2 |
7.2 |
40.3% |
|
Approach Resources Inc |
NASDAQ |
AREX |
0.8 |
20.71 |
1,042,920 |
3.1% |
23.6% |
7.8 |
6.0 |
3.4 |
18.7% |
|
SM Energy Co |
NYSE |
SM |
5.0 |
74.11 |
1,314,743 |
-10.5% |
23.6% |
4.8 |
4.1 |
48.3 |
32.4% |
|
Rex Energy Corp |
NASDAQ |
REXX |
1.1 |
20.77 |
661,905 |
10.2% |
23.1% |
11.3 |
9.6 |
5.6 |
37.8% |
|
Legacy Oil + Gas Inc |
TSX |
LEG |
1.3 |
8.57 |
2,084,948 |
52.2% |
19.4% |
5.1 |
5.1 |
6.9 |
16.3% |
|
Kosmos Energy Ltd |
NYSE |
KOS |
4.2 |
10.88 |
690,000 |
5.2% |
15.5% |
7.8 |
8.1 |
7.8 |
31.4% |
|
Ithaca Energy Inc |
TSX |
IAE |
0.9 |
2.83 |
877,092 |
11.4% |
13.9% |
5.0 |
3.3 |
3.8 |
76.8% |
|
Penn Virginia Corp |
NYSE |
PVA |
1.1 |
16.26 |
2,825,385 |
35.6% |
9.4% |
6.1 |
2.2 |
6.8 |
4.5% |
Source: Bloomberg
Company Description:
Oasis Petroleum Inc OAS
Oasis Petroleum Inc., is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
Bonanza Creek Energy Inc BCEI
Bonanza Creek Energy Inc. is an independent oil and natural gas company. The company is engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas, primarily in southern Arkansas (Mid-Continent region) and the Denver Julesburg ("DJ") and North Park Basins in Colorado (Rocky Mountain region).
Jones Energy Inc JONE
Jones Energy Inc is an independent oil and gas company engaged in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.
Whitecap Resources Inc WCP
Whitecap Resources, Inc. explores for oil and natural gas. The company operates in western Canada.
Approach Resources Inc AREX
Approach Resources Inc explores for and produces natural gas and crude oil.
SM Energy Co SM
SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The company's operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions.
Rex Energy Corp REXX
Rex Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of oil, natural gas and natural gas liquids. The company focuses on oil recovery as well as field services including water sourcing, water disposal, and water transfer capabilities for completion operations.
Legacy Oil + Gas Inc LEG
Legacy Oil + Gas Inc. is an intermediate oil and natural gas company. The company's light assets are focused in the Williston Basin and southwest Alberta. The majority of Legacy's production is from Turner Valley, the Bakken light oil resource play in southeast Saskatchewan and the Spearfish light oil resource play in Manitoba and North Dakota.
Kosmos Energy Ltd KOS
Kosmos Energy Ltd. is an oil and gas exploration and production company. The company's discoveries include hydrocarbon resources offshore along West Africa's Atlantic coast.
Ithaca Energy Inc IAE
Ithaca Energy, Inc. explores, develops and produces oil and gas in the North Sea. The company owns and operates a diverse portfolio of development and production assets through acquisition and participation.
Penn Virginia Corp PVA
Penn Virginia Corporation explores for and produces oil and natural gas. The company also collects royalties and overriding royalty interests on various oil and gas properties, coal mineral rights, and related royalties. Penn explores for crude oil and condensate and natural gas in the Appalachian Basin.
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