company background image
SPND

Spindletop Oil & Gas OTCPK:SPND Stock Report

Last Price

US$3.83

Market Cap

US$25.9m

7D

9.4%

1Y

46.2%

Updated

30 Sep, 2022

Data

Company Financials
SPND fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

SPND Stock Overview

Spindletop Oil & Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas in Alabama, Arkansas, Louisiana, Oklahoma, New Mexico, and Texas, the United States.

Spindletop Oil & Gas Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Spindletop Oil & Gas
Historical stock prices
Current Share PriceUS$3.83
52 Week HighUS$4.12
52 Week LowUS$2.62
Beta1.32
1 Month Change-0.52%
3 Month Change13.31%
1 Year Change46.18%
3 Year Change111.60%
5 Year Change16.06%
Change since IPO6,283.12%

Recent News & Updates

Shareholder Returns

SPNDUS Oil and GasUS Market
7D9.4%-4.0%-3.1%
1Y46.2%36.6%-21.5%

Return vs Industry: SPND exceeded the US Oil and Gas industry which returned 36.6% over the past year.

Return vs Market: SPND exceeded the US Market which returned -21.5% over the past year.

Price Volatility

Is SPND's price volatile compared to industry and market?
SPND volatility
SPND Average Weekly Movement7.4%
Oil and Gas Industry Average Movement8.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SPND is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SPND's weekly volatility has decreased from 14% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
198525Chris Mazzinihttps://www.spindletopoil.com

Spindletop Oil & Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas in Alabama, Arkansas, Louisiana, Oklahoma, New Mexico, and Texas, the United States. The company holds approximately 76,785 gross acres under lease in 14 states. As of December 31, 2021, its net proved crude oil and natural gas reserves were 186,690 barrels of oil and condensate; and 5,184 billion cubic feet of natural gas.

Spindletop Oil & Gas Fundamentals Summary

How do Spindletop Oil & Gas's earnings and revenue compare to its market cap?
SPND fundamental statistics
Market CapUS$25.85m
Earnings (TTM)US$2.55m
Revenue (TTM)US$7.99m

10.2x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPND income statement (TTM)
RevenueUS$7.99m
Cost of RevenueUS$2.39m
Gross ProfitUS$5.61m
Other ExpensesUS$3.06m
EarningsUS$2.55m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin70.13%
Net Profit Margin31.87%
Debt/Equity Ratio0.0%

How did SPND perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SPND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPND?

Other financial metrics that can be useful for relative valuation.

SPND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA5.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SPND's PE Ratio compare to its peers?

SPND PE Ratio vs Peers
The above table shows the PE ratio for SPND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.3x
BRN Barnwell Industries
3.6xn/aUS$26.3m
MARP.S Marine Petroleum Trust
12.7xn/aUS$15.2m
AMEN AMEN Properties
7.4xn/aUS$22.8m
VKIN Viking Energy Group
31.4xn/aUS$35.6m
SPND Spindletop Oil & Gas
10.2xn/aUS$25.9m

Price-To-Earnings vs Peers: SPND is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (14.3x).


Price to Earnings Ratio vs Industry

How does SPND's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: SPND is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the US Oil and Gas industry average (8.3x)


Price to Earnings Ratio vs Fair Ratio

What is SPND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPND's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SPND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPND ($3.83) is trading below our estimate of fair value ($80.6)

Significantly Below Fair Value: SPND is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Spindletop Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-11.0%

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 Spindletop Oil & Gas 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.


Discover growth companies

  • Examine whether Spindletop Oil & Gas is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • 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 Spindletop Oil & Gas's filings and announcements here.

Past Performance

How has Spindletop Oil & Gas performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPND has high quality earnings.

Growing Profit Margin: SPND became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SPND has become profitable over the past 5 years, growing earnings by 30.7% per year.

Accelerating Growth: SPND has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SPND has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (184.6%).


Return on Equity

High ROE: SPND's Return on Equity (14%) is considered low.


Discover strong past performing companies

Financial Health

How is Spindletop Oil & Gas's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SPND's short term assets ($15.2M) exceed its short term liabilities ($8.1M).

Long Term Liabilities: SPND's short term assets ($15.2M) exceed its long term liabilities ($2.0M).


Debt to Equity History and Analysis

Debt Level: SPND is debt free.

Reducing Debt: SPND had no debt 5 years ago.

Debt Coverage: SPND has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SPND has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Spindletop Oil & Gas's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Spindletop Oil & Gas Dividend Yield vs Market
How does Spindletop Oil & Gas dividend yield compare to the market?
SegmentDividend Yield
Company (Spindletop Oil & Gas)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Oil and Gas)5.0%
Analyst forecast in 3 Years (Spindletop Oil & Gas)n/a

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

High Dividend: Unable to evaluate SPND'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 SPND's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SPND has not reported any payouts.


Discover strong dividend paying companies

Management

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

US$501k

CEO Compensation


CEO

Chris Mazzini (64 yo)

23.67yrs

Tenure

US$501,431

Compensation

Mr. Chris G. Mazzini has been President of Spindletop Oil & Gas Co. since 1999 and serves as its Chief Executive Officer. Mr. Mazzini Co-Founded Giant Energy Corp. and serves as its Chief Executive Officer...


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

What is the ownership structure of SPND?
Owner TypeNumber of SharesOwnership Percentage
General Public849,77512.6%
Individual Insiders5,900,54387.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 1 shareholders own 87.41% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
87.41%
Chris Mazzini
5,900,543$22.6m0%no data

Company Information

Spindletop Oil & Gas Co.'s employee growth, exchange listings and data sources


Key Information

  • Name: Spindletop Oil & Gas Co.
  • Ticker: SPND
  • Exchange: OTCPK
  • Founded: 1985
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$25.854m
  • Shares outstanding: 6.75m
  • Website: https://www.spindletopoil.com

Number of Employees


Location

  • Spindletop Oil & Gas Co.
  • One Spindletop Centre
  • Suite 200
  • Dallas
  • Texas
  • 75230-1279
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPNDOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 1991

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.