Last $1.45 USD
Change Today +0.07 / 5.07%
Volume 108.0K
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

postrock energy corp (PSTR) Snapshot

Open
$1.38
Previous Close
$1.38
Day High
$1.48
Day Low
$1.38
52 Week High
07/31/13 - $2.10
52 Week Low
09/25/13 - $1.08
Market Cap
43.9M
Average Volume 10 Days
30.7K
EPS TTM
$-0.90
Shares Outstanding
30.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for POSTROCK ENERGY CORP (PSTR)

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postrock energy corp (PSTR) Details

PostRock Energy Corporation, an independent oil and gas company, is engaged in the acquisition, exploration, development, production, and gathering of crude oil and natural gas. It primarily focuses on the production of conventional oil and coal bed methane gas from its properties located in the Cherokee basin, a region in southeastern Kansas and northeastern Oklahoma. The company also has oil producing properties in Oklahoma; and minor oil and gas producing properties in the Appalachian basin. Its estimated proved reserves include 86.6 billion cubic feet of natural gas and 4.4 million barrels of oil. As of December 31, 2013, the company had approximately 2,757 net wells on approximately 342,200 net acres located in the Cherokee basin; 47 net wells on approximately 10,300 net acres situated in Central Oklahoma; and 380 net wells on approximately 8,900 net acres located in the Appalachian basin. PostRock Energy Corporation was founded in 1982 and is headquartered in Oklahoma City, Oklahoma.

209 Employees
Last Reported Date: 03/28/14
Founded in 1982

postrock energy corp (PSTR) Top Compensated Officers

Chief Executive Officer, President, Principal...
Total Annual Compensation: $350.0K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

postrock energy corp (PSTR) Key Developments

PostRock Energy Corporation Enters into Joint Venture with Silver Creek Oil & Gas, LLC

PostRock Energy Corporation announced that it has entered into a joint venture with Silver Creek Oil & Gas, LLC covering approximately 17,900 gross acres in Cleveland and Pottawatomie Counties in central Oklahoma. The JV, which will facilitate drilling of the initial Woodford horizontal tests in the area, includes a portion of the leasehold PostRock acquired in late 2013. The first two horizontal wells, both targeting the Woodford Shale, should be drilled and completed by year-end. The JV includes an acre for acre swap between PostRock and Silver Creek of approximately 3,800 total net acres in 28 sections. The ownership split in the development area will be 30% PostRock and 70% Silver Creek, with Silver Creek serving as the operator. The trade broadens the company's leasehold interest to an additional 16 sections. The covered acreage may increase through acquisition after poolings are completed. In connection with the JV, PostRock is selling approximately 1,150 net acres to Silver Creek for $466,000 in cash.

PostRock Energy Corporation Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Reports Production Results for the Month of April 2014

PostRock Energy Corporation reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported net loss and loss before income taxes of $6.3 million on total revenues of $21.8 million compared to net loss and loss before income taxes of $7.9 million on total revenues of $16.1 million for the corresponding period last year. Net loss attributable to common stockholders was $7.6 million or $0.25 basic and diluted loss per share against net loss attributable to common stockholders of $11.4 million or $0.50 basic and diluted loss per share of prior year period. Operating income was $0.703 million against operating loss of $3.7 million of prior year period. Net cash flows from operating activities were $1.5 million against cash flows used in operating activities of $2.8 million of prior year period. Expenditures for equipment, development and leasehold were $4.4 million against $9.2 million of prior year period. During the quarter, capital expenditures totaled $6.8 million. This included $2.0 million spent on development projects which include the three Central Oklahoma development work overs. LBITDA was $0.825 million against EBITDA of $4.109 million a year ago. Adjusted EBITDA was $2.787 million against $6.121 million a year ago. Total natural gas production for the quarter was 3,720 mmcf against 3,258 mmcf of prior year period. Total crude oil production was 32,679 Bbls against 53,586 Bbls of prior year period. Oil production averaged 595 barrels a day, a 64% increase from the prior-year period. The company’s April oil production was 695 net barrels a day, or 17% above the first quarter's average.

PostRock Energy Seeks Acquisitions

PostRock Energy Corporation (NasdaqGM:PSTR) has filed a shelf registration in the amount of $100 million. PostRock Energy expects to use the net proceeds from the sale of securities for general corporate purposes. These purposes may include, capital expenditures, acquisitions, working capital and repayment, refinancing or redemption of indebtedness or other securities.

 

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PSTR

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Valuation PSTR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book NM Not Meaningful
Price/Cash Flow 2.0x
TEV/Sales NM Not Meaningful
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