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Last C$2.47 CAD
Change Today +0.19 / 8.33%
Volume 3.3M
As of 2:33 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

spartan energy corp (SPE) Snapshot

Open
C$2.30
Previous Close
C$2.28
Day High
C$2.49
Day Low
C$2.18
52 Week High
09/3/14 - C$4.27
52 Week Low
08/24/15 - C$1.78
Market Cap
644.8M
Average Volume 10 Days
3.2M
EPS TTM
C$-0.03
Shares Outstanding
264.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SPARTAN ENERGY CORP (SPE)

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spartan energy corp (SPE) Details

Spartan Energy Corp. operates as an oil and natural gas exploration and production company in Canada and the United States. The company’s principal properties include the southeast Saskatchewan properties, which consist of approximately 175,000 net acres of land focused primarily on conventional open-hole horizontal wells drilled on Mississippian oil plays, including the Frobisher, Alida, Souris Valley, Tilston, and Midale formations; and the west central Saskatchewan property that comprises approximately 12,441 gross acres of land targeting the Viking formation. Its properties also include the Alexander property located northwest of Edmonton; the Manitoba property, which includes approximately 2,276 net acres of land in the Waskada area of southwest Manitoba targeting the Spearfish/Amaranth formation; and the North Dakota property that comprises 6,910 net acres of land located in Renville County, North Dakota. The company was formerly known as Alexander Energy Ltd. and changed its name to Spartan Energy Corp. in February 2014. Spartan Energy Corp. was incorporated in 1988 and is headquartered in Calgary, Canada.

50 Employees
Last Reported Date: 03/11/15
Founded in 1988

spartan energy corp (SPE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$240.1K
Interim Chief Financial Officer and Controlle...
Total Annual Compensation: C$157.5K
Vice President of Operations
Total Annual Compensation: C$211.3K
Vice President of Exploration
Total Annual Compensation: C$211.3K
Vice President of Geology
Total Annual Compensation: C$211.3K
Compensation as of Fiscal Year 2014.

spartan energy corp (SPE) Key Developments

Spartan Energy Corp. Reports Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure and Production Guidance for the Year 2015

Spartan Energy Corp. reported earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s average daily production was 8,710 boe/d compared to 6,396 boe/d, 36 % increase over the second quarter of 2014. For the six months, the company’s average daily production was 9,055 boe/d compared to 3,638 boe/d a year ago. For the quarter, the company reported funds flow from operations of CAD 22,266,000 or CAD 0.08 per diluted share against CAD 24,371,000 or CAD 0.09 per diluted share a year ago. Net loss was CAD 6,387,000 or CAD 0.02 per basic and diluted share against net income of CAD 1,357,000 or CAD 0.01 per basic and diluted share a year ago. Capital expenditures were CAD 6,828,000 against CAD 6,578,000 a year ago. Net debt at the end of the quarter of approximately CAD 80.6 million, down from CAD 96.1 million at the end of the first quarter. For the six months, the company reported funds flow from operations of CAD 35,781,000 or CAD 0.12 per diluted share against CAD 27,464,000 or CAD 0.10 per diluted share a year ago. Net loss was CAD 18,270,000 or CAD 0.07 per diluted share against net income of CAD 16,357,000 or CAD 0.09 per diluted share a year ago. Capital expenditures were CAD 29,560,000 against CAD 10,584,000 a year ago. The company expects for the year 2015 capital expenditures from CAD 105 million to CAD 85 million. The amended capital program results in a revision to its annual production guidance from 9,200 boe/d to 8,700 boe/d and in its exit rate production guidance from 9,900 boe/d to 9,100 boe/d.

Spartan Energy Seeks Acquisitions

Spartan Energy Corp. (TSX:SPE) said, " Although our wells continue to deliver economic returns at current prices, rates of return on our open-hole type well improve dramatically as prices recover, from approximately 45% at a realized price of $50 Cdn to 120% at a realized price of $70 Cdn. We therefore intend to take a disciplined approach to the development of our asset base, which will allow us to preserve locations and reserves during this period of low commodity prices while maintaining liquidity to take advantage of acquisition opportunities that may arise due to current economic conditions."

Spartan Energy Corp. Announces Earnings and Operating Results for the First Quarter Ended March 31, 2015

Spartan Energy Corp. announced earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported loss of $11.88 million or $0.04 per share compared to profit of $15.00 million or $0.13 per share a year ago. Cash flow was $13.52 million or $0.05 per share compared to $0.18 million a year ago. Revenue was $37.67 million compared to $5.85 million a year ago. Capital expenditures were $23.25 million compared to $36.51 million a year ago. Net debt at the end of the quarter was about $96 million. For the quarter, the company reported oil and gas NGLs of 8,918 BBL per day compared to 663 BBL per day a year ago. MMCF per day was 2.90 compared to 1.12 a year ago. BOE per day was 9,402 compared to 850 a year ago. The year-over-year increase in production was the result of additional production from acquisitions in 2014 as well as a successful 2014 and first-quarter 2015 development drilling.

 

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Industry Average

Valuation SPE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.5x
Price/Book 0.9x
Price/Cash Flow 6.2x
TEV/Sales 3.0x
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