OTCPK:GSPE

Stock Analysis Report

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Executive Summary

GulfSlope Energy, Inc., an independent oil and natural gas exploration company, focuses on the exploration and development of oil and natural gas properties in the Gulf of Mexico federal waters offshore Louisiana in the United States.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has GulfSlope Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GSPE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.8%

GSPE

0.7%

US Oil and Gas

3.0%

US Market


1 Year Return

-76.3%

GSPE

-33.4%

US Oil and Gas

9.9%

US Market

Return vs Industry: GSPE underperformed the US Oil and Gas industry which returned -33.4% over the past year.

Return vs Market: GSPE underperformed the US Market which returned 9.9% over the past year.


Shareholder returns

GSPEIndustryMarket
7 Day6.8%0.7%3.0%
30 Day-6.0%5.9%8.2%
90 Day-62.4%-14.3%0.4%
1 Year-76.3%-76.3%-30.3%-33.4%12.4%9.9%
3 Year-64.1%-64.1%-29.6%-37.0%31.0%22.3%
5 Year-90.8%-90.8%-38.0%-47.8%58.1%40.3%

Price Volatility Vs. Market

How volatile is GulfSlope Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GulfSlope Energy undervalued compared to its fair value and its price relative to the market?

4.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GSPE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GSPE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GSPE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: GSPE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GSPE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSPE is overvalued based on its PB Ratio (4.6x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is GulfSlope Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

51.4%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GulfSlope Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of GSPE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access GulfSlope Energy's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has GulfSlope Energy performed over the past 5 years?

-25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSPE is currently unprofitable.

Growing Profit Margin: GSPE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GSPE is unprofitable, and losses have increased over the past 5 years at a rate of -25.3% per year.

Accelerating Growth: Unable to compare GSPE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GSPE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).


Return on Equity

High ROE: GSPE has a negative Return on Equity (-686.09%), as it is currently unprofitable.


Next Steps

Financial Health

How is GulfSlope Energy's financial position?


Financial Position Analysis

Short Term Liabilities: GSPE's short term assets ($6.7M) do not cover its short term liabilities ($26.4M).

Long Term Liabilities: GSPE's short term assets ($6.7M) exceed its long term liabilities ($43.4K).


Debt to Equity History and Analysis

Debt Level: GSPE's debt to equity ratio (552.5%) is considered high.

Reducing Debt: GSPE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GSPE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GSPE has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.5% each year.


Next Steps

Dividend

What is GulfSlope Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GSPE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GSPE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GSPE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GSPE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GSPE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average board tenure


CEO

John Seitz (67yo)

7.08yrs

Tenure

Mr. John N. Seitz has been the Chairman and Chief Executive Officer of GulfSlope Energy, Inc., since May 31, 2013 and served as its Chief Accounting Officer. Mr. Seitz has been an Interim Chief Operating O ...


Board Members

NamePositionTenureCompensationOwnership
John Seitz
Chairman7.08yrsno data16.8% $1.6m
Richard Langdon
Independent Director6.25yrsno data0.54% $50.7k
Paul Morris
Independent Director6.25yrsno data0.65% $61.1k

6.3yrs

Average Tenure

69yo

Average Age

Experienced Board: GSPE's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9%.


Top Shareholders

Company Information

GulfSlope Energy, Inc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GulfSlope Energy, Inc
  • Ticker: GSPE
  • Exchange: OTCPK
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$9.385m
  • Shares outstanding: 1.19b
  • Website: https://www.gulfslope.com

Number of Employees


Location

  • GulfSlope Energy, Inc
  • 1331 Lamar Street
  • Suite 1665
  • Houston
  • Texas
  • 77010
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSPEOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 2007

Biography

GulfSlope Energy, Inc., an independent oil and natural gas exploration company, focuses on the exploration and development of oil and natural gas properties in the Gulf of Mexico federal waters offshore Louisiana in the United States. It has leased 14 federal outer continental shelf blocks and licensed 2.2 million acres of three-dimensional seismic data in its area of concentration. The company was formerly known as Plan A Promotions, Inc. and changed its name to GulfSlope Energy, Inc. in April 2012. GulfSlope Energy, Inc. was founded in 2003 and is headquartered in Houston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 04:41
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.