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Last C$2.51 CAD
Change Today -0.08 / -3.09%
Volume 84.4K
RE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

rock energy inc (RE) Snapshot

Open
C$2.59
Previous Close
C$2.59
Day High
C$2.64
Day Low
C$2.51
52 Week High
08/26/14 - C$7.96
52 Week Low
03/17/15 - C$1.88
Market Cap
117.7M
Average Volume 10 Days
324.9K
EPS TTM
C$-0.16
Shares Outstanding
46.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ROCK ENERGY INC (RE)

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rock energy inc (RE) Details

Rock Energy Inc. is engaged in the exploration for, and development and production of crude oil and natural gas in Western Canada. The company owns an area of approximately 29,466 net acres of land in the Plains area heavy oil fairway of East Central Alberta and West Central Saskatchewan; and 25,381 net acres of land in the Greater Onward area of south west Saskatchewan. As of December 31, 2013, its gross interest reserves were 6.8 million barrel of oil equivalent (BOE) of proved reserves and 10.9 million BOE of proved plus probable reserves. The company was incorporated in 1988 and is headquartered in Calgary, Canada.

30 Employees
Last Reported Date: 03/19/15
Founded in 1988

rock energy inc (RE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$247.5K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$193.8K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$225.0K
Vice President of Exploration
Total Annual Compensation: C$199.8K
Compensation as of Fiscal Year 2013.

rock energy inc (RE) Key Developments

Rock Energy Inc. Reports Earnings Results for the Fourth Quarter and Year December 31, 2014

Rock Energy Inc. reported earnings results for the fourth quarter and year December 31, 2014. For the quarter, the company reported loss of $12.03 million or $0.29 per share against $3.34 million or $0.08 per share a year ago. Revenue was $29.46 million against $21.40 million a year ago. Capital expenditures were $44.47 million against $19.57 a year ago. For the year, the company reported capital expenditures of $127.00 million against $49.12 a year ago.

Rock Energy Inc. Reports Audited Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Rock Energy Inc. reported audited earnings and production results for the fourth quarter and year ended December 31, 2014. For the quarter, the company generated funds from operations of CAD 14.8 million or CAD 0.37 per basic share compared to CAD 16.7 million or CAD 0.41 per basic share in the third quarter of 2014. For the year, the company reported crude oil and natural gas revenue of CAD 132,314,000 against CAD 81,717,000 a year ago. Funds from operations were CAD 66,064,000 or CAD 1.58 per diluted share against CAD 30,571,000 or CAD 0.76 per diluted share a year ago. Net loss was CAD 17,203,000 or CAD 0.43 per basic and diluted share against CAD 1,806,000 or CAD 0.05 per basic and diluted share a year ago. This loss was essentially generated by accelerated depletion and impairment on certain non-core natural gas properties in the fourth quarter, and the sale of the heritage heavy oil assets in the first quarter. Total net capital expenditures were CAD 118,873,000 against CAD 46,726,000 a year ago. Net debt was CAD 69,032,000 against CAD 18,135,000 a year ago. For the quarter, the company’s daily production averaged 5,328 boe/d, up 32% from the year before, and 12% from the third quarter of 2014. The Company drilled a total of 27 (27.0 net) wells including 16 (16.0 net) Onward Viking Horizontal wells, 8 (8.0 net) Mantario/Laporte wells, 1 (1.0 net) standing exploration well and 2 (2.0 net) dry and abandoned wells for an average success rate of 93%. For the year, the company’s total corporate production grew from an annual average of 3,559 boepd in 2013 to 4,991 boepd in 2014, an increase of 40%. The Company drilled a total of 75 (75.0 net) wells including 39 (39.0 net) Onward Viking Horizontal wells, 21 (21.0 net) Mantario/Laporte wells, 7 (7.0 net) Mannville wells, 2 (2.0 net) standing exploration wells and 6 (6.0 net) dry and abandoned wells for an average success rate of 92%. For the year 2015, the company is planning to spend CAD 17 million to CAD 18 million in the first half of the year, and up to CAD 25 million for the whole year. This capital spending plan will generate average production for the year of 4,600 boepd ­ 5,000 boepd. The company would generate funds from operations of approximately CAD 35 million or CAD 0.77 per share and have yearend net debt of CAD 44 million.

Rock Energy Inc. Reaffirms Capital Expenditure and Production Guidance for the Full Year 2015

Rock Energy Inc. reaffirmed capital expenditure and production guidance for the full year 2015. The company re-affirmed its full year 2015 capital program of $25.0 million. The company re-affirmed its full year 2015 anticipated production range of 4,600 - 5,000 boe/d.

 

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Industry Analysis

RE

Industry Average

Valuation RE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 0.9x
Price/Cash Flow 2.5x
TEV/Sales -- Not Meaningful
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