Harvest Oil & Gas Corp
Harvest Oil & Gas Corp. intends to undertake the process of winding-up and returning capital to its shareholders. Previously, the company operated as an independent oil and natural gas company in the United States. Harvest Oil & Gas Corp. is based in Houston, Texas.
Harvest Oil & Gas Corp (HRST) - Net Assets
Latest net assets as of December 2022: $11.36 Million USD
Based on the latest financial reports, Harvest Oil & Gas Corp (HRST) has net assets worth $11.36 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.35 Million) and total liabilities ($989.00K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.36 Million |
| % of Total Assets | 91.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | -95.85% |
| 10-Year Change | -98.94% |
| Growth Volatility | 63.9 |
Harvest Oil & Gas Corp - Net Assets Trend (2001–2022)
This chart illustrates how Harvest Oil & Gas Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harvest Oil & Gas Corp (2001–2022)
The table below shows the annual net assets of Harvest Oil & Gas Corp from 2001 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $11.36 Million | -41.34% |
| 2021-12-31 | $19.36 Million | -48.27% |
| 2020-12-31 | $37.43 Million | -42.74% |
| 2019-12-31 | $65.37 Million | -76.10% |
| 2018-12-31 | $273.54 Million | -56.44% |
| 2017-12-31 | $628.01 Million | -17.19% |
| 2016-12-31 | $758.41 Million | -24.05% |
| 2015-12-31 | $998.56 Million | -6.34% |
| 2014-12-31 | $1.07 Billion | -0.54% |
| 2013-12-31 | $1.07 Billion | +1.14% |
| 2012-12-31 | $1.06 Billion | +15.19% |
| 2011-12-31 | $920.04 Million | +18.88% |
| 2010-12-31 | $773.95 Million | +41.38% |
| 2009-12-31 | $547.43 Million | +19.66% |
| 2008-12-31 | $457.48 Million | +61.64% |
| 2007-12-31 | $283.03 Million | +194.05% |
| 2006-12-31 | $96.25 Million | +135.28% |
| 2005-12-31 | $40.91 Million | -0.74% |
| 2004-12-31 | $41.22 Million | -23.79% |
| 2003-12-31 | $54.08 Million | +9689.01% |
| 2002-12-31 | $-564.00K | +79.38% |
| 2001-12-31 | $-2.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harvest Oil & Gas Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 13040100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $102.00K | 0.90% |
| Other Components | $141.66 Million | 1247.30% |
| Total Equity | $11.36 Million | 100.00% |
Harvest Oil & Gas Corp Competitors by Market Cap
The table below lists competitors of Harvest Oil & Gas Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tiphone Mobile Indonesia Tbk
JK:TELE
|
$961.51K |
|
CoBank ACB
PINK:CKNQP
|
$963.09K |
|
Firestone Ventures Inc
PINK:FSVEF
|
$963.10K |
|
Cfn Enterprises Inc
OTCQB:CNFN
|
$963.13K |
|
Mare Nostrum
PA:ALMAR
|
$961.23K |
|
Norra Metals Corp
PINK:NRRMF
|
$961.07K |
|
New Tech Capital S.A.
WAR:NTC
|
$960.78K |
|
MMAG Holdings Bhd
KLSE:0034
|
$960.62K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harvest Oil & Gas Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 19,361,000 to 11,357,000, a change of -8,004,000 (-41.3%).
- Net loss of 2,358,000 reduced equity.
- Other factors decreased equity by 5,646,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.36 Million | -20.76% |
| Other Changes | $-5.65 Million | -49.71% |
| Total Change | $- | -41.34% |
Book Value vs Market Value Analysis
This analysis compares Harvest Oil & Gas Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.28x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-2.74 | $3.10 | x |
| 2002-12-31 | $-0.75 | $3.10 | x |
| 2003-12-31 | $34.76 | $3.10 | x |
| 2004-12-31 | $-41.32 | $3.10 | x |
| 2005-12-31 | $-45.18 | $3.10 | x |
| 2006-12-31 | $126.73 | $3.10 | x |
| 2007-12-31 | $219.06 | $3.10 | x |
| 2008-12-31 | $298.23 | $3.10 | x |
| 2009-12-31 | $283.64 | $3.10 | x |
| 2010-12-31 | $274.84 | $3.10 | x |
| 2011-12-31 | $269.17 | $3.10 | x |
| 2012-12-31 | $0.26 | $3.10 | x |
| 2013-12-31 | $248.05 | $3.10 | x |
| 2014-12-31 | $221.96 | $3.10 | x |
| 2015-12-31 | $204.41 | $3.10 | x |
| 2016-12-31 | $154.62 | $3.10 | x |
| 2017-12-31 | $127.23 | $3.10 | x |
| 2018-12-31 | $272.45 | $3.10 | x |
| 2019-12-31 | $64.72 | $3.10 | x |
| 2020-12-31 | $36.66 | $3.10 | x |
| 2021-12-31 | $18.74 | $3.10 | x |
| 2022-12-31 | $10.99 | $3.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harvest Oil & Gas Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.09x
- Recent ROE (-20.76%) is above the historical average (-89.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 9.43% | 2.05x | 0.00x | $655.50K |
| 2002 | 0.00% | 10.12% | 1.26x | 0.00x | $391.80K |
| 2003 | 7.70% | 19.73% | 0.24x | 1.64x | $-798.60K |
| 2004 | 0.00% | 28.21% | 0.51x | 0.00x | $12.56 Million |
| 2005 | 0.00% | 34.12% | 0.57x | 0.00x | $19.59 Million |
| 2006 | 3.50% | 43.07% | 0.06x | 1.38x | $-6.26 Million |
| 2007 | 3.95% | 11.10% | 0.17x | 2.15x | $-17.11 Million |
| 2008 | 49.29% | 109.61% | 0.21x | 2.14x | $179.74 Million |
| 2009 | 0.26% | 1.16% | 0.13x | 1.66x | $-53.33 Million |
| 2010 | 13.70% | 61.83% | 0.12x | 1.92x | $28.66 Million |
| 2011 | 11.16% | 39.20% | 0.13x | 2.18x | $10.64 Million |
| 2012 | -1524.84% | -5.73% | 0.14x | 1926.38x | $-16.46 Million |
| 2013 | -7.03% | -24.18% | 0.14x | 2.03x | $-184.60 Million |
| 2014 | 12.04% | 38.22% | 0.15x | 2.09x | $21.94 Million |
| 2015 | 2.14% | 11.99% | 0.09x | 1.93x | $-78.52 Million |
| 2016 | -32.03% | -131.37% | 0.12x | 2.12x | $-318.74 Million |
| 2017 | -21.37% | -59.46% | 0.16x | 2.30x | $-197.00 Million |
| 2018 | -214.43% | -234.97% | 0.47x | 1.95x | $-613.91 Million |
| 2019 | -211.58% | -121.52% | 0.63x | 2.76x | $-144.85 Million |
| 2020 | -23.71% | -33.42% | 0.57x | 1.25x | $-12.62 Million |
| 2021 | -24.40% | -14315.15% | 0.00x | 1.07x | $-6.66 Million |
| 2022 | -20.76% | 0.00% | 0.00x | 1.09x | $-3.49 Million |
Industry Comparison
This section compares Harvest Oil & Gas Corp's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harvest Oil & Gas Corp (HRST) | $11.36 Million | 0.00% | 0.09x | $961.42K |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |