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Upstream Stocks: Highest Short Interest-To-Equity Float Ratios

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Upstream stocks’ short interest-to-equity float ratios

On July 25, 2016, Clayton Williams Energy (CWEI) had the highest short interest-to-equity float ratio among the upstream stocks, with ~58.0%. A month ago, it was ~57.8% and three months ago, it was ~44.2%.

CWEI’s short interest-to-equity float ratio has been following a rising trend for the last three months. However, over this period, the stock has risen by 91.2%. The company’s net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) ratio is 9.6x. Its cash and cash equivalents were ~$184.9 million in 1Q16.

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Bonanza Creek Energy sees the highest fall

Bonanza Creek Energy’s (BCEI) short interest-to-equity float ratio is ~37.5%. One month ago, it was ~39.4% and three months ago, it was 41.3%. Its net debt-to-EBITDA ratio was 3.5x. Its cash and cash equivalents were ~$218.6 million in 1Q16. The company’s stock has fallen by approximately -74.0% in the last three months, the largest fall among the upstream stocks.

Currently, Stone Energy’s (SGY) short interest-to-equity float ratio is ~41.4%. One month ago, it was ~40.5% and three months ago, it was ~35.3%. In the last three months, the stock has risen by ~21.9%. SGY’s net debt-to-EBITDA ratio was 3.5x in 1Q16, and its cash and cash equivalents were $367.1 million.

EP Energy’s (EPE) short interest-to-equity float ratio is ~46.9%. One month ago, it was ~38.5% and three months ago, it was ~37.2%. Its net debt-to-EBITDA ratio is 3.6x, and its cash and cash equivalents were $91 million in 1Q16. The stock has fallen by 14.6% in the last three months.

California Resources’ (CRC) short interest-to-equity float ratio is ~27.0%. One month ago, it was 18.2% and three months ago, it was ~10.8%. Its net debt-to-EBITDA ratio is ~7.2x. Its cash and cash equivalents were $10.0 million in 1Q16. The stock has returned approximately -50.9% in the last three months. Northern Oil and Gas (NOG) and Approach Resources (AREX) have short interest-to-equity float ratios of ~23.9% and ~20.9%, respectively.

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