Harvest Oil & Gas Corp. (HRST) Stock Price & Analysis

Harvest Oil & Gas Corp. (HRST) Energy Operations & Outlook

Harvest Oil & Gas Corp., based in Houston, Texas, operates as an independent entity focused on the development and production of oil and natural gas properties in the United States. With a small team, the company navigates the competitive energy landscape, emphasizing domestic resource development.

What Is the Investment Thesis for HRST?

Harvest Oil & Gas Corp. presents a high-risk, high-reward investment profile, given its small market capitalization and OTC listing. The company's operations are focused on the volatile oil and gas exploration and production sector, making it susceptible to commodity price fluctuations. A potential upside lies in successful development of its existing properties, which could lead to increased production and revenue. However, investors should be aware of the risks associated with small-cap OTC stocks, including limited liquidity and potential for price manipulation. The company's P/E ratio of -1.29 reflects its current lack of profitability, requiring careful monitoring of its financial performance and operational efficiency. The beta of 0.26 suggests lower volatility compared to the overall market, but this may also reflect limited trading activity.

Based on FMP financials and quantitative analysis

HRST Key Highlights

Harvest Oil & Gas Corp. operates as an independent oil and natural gas company in the United States.

• The company is based in Houston, Texas, indicating a strategic location within the U.S. energy sector.
• With a market capitalization of $3.21M, Harvest Oil & Gas Corp. is a micro-cap company.
• The company's P/E ratio is -1.29, suggesting it is not currently profitable.
• The company has a beta of 0.26, indicating it is less volatile than the overall market.

Who Are HRST's Competitors?

HRST is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are HRST's Key Strengths?

Strategic location in Houston, Texas, a major hub for the oil and gas industry.

• Focus on domestic oil and gas properties, reducing geopolitical risks.
• Independent operation allows for flexibility and agility in decision-making.

What Are HRST's Weaknesses?

Small market capitalization limits access to capital.

• Dependence on volatile oil and gas prices.
• Limited diversification in terms of geographic location and product mix.

What Could Drive HRST Stock Higher?

Development of existing oil and gas properties to increase production.

• Potential for strategic partnerships to access capital and expertise.
• Exploration results from new drilling locations.
• Regulatory approvals for new projects or expansions.

What Are the Key Risks for HRST?

Financial-distress signal — its Altman Z-Score of -12.41 sits in the distress zone (elevated bankruptcy risk).

• Negative return on equity (-15.4%) — the business is not currently generating profit on shareholder capital.
• Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
• Fluctuations in oil and gas prices impacting revenue and profitability.
• Environmental regulations increasing compliance costs.
• Competition from larger, more established oil and gas companies.
• Limited access to capital for future development projects.
• Unsuccessful exploration efforts leading to write-offs.

What Are the Growth Opportunities for HRST?

• Expansion of Existing Properties: Harvest Oil & Gas Corp. could increase production and revenue by further developing its existing oil and natural gas properties. This involves investing in enhanced recovery techniques, drilling additional wells, and optimizing production processes. The market for enhanced oil recovery is projected to reach $85.8 billion by 2027, presenting a significant opportunity for companies like Harvest Oil & Gas Corp. to improve their production efficiency and profitability. Success in this area depends on the company's ability to secure funding, manage its operating costs, and implement effective development strategies.
• Acquisition of New Properties: Harvest Oil & Gas Corp. could grow by acquiring new oil and natural gas properties. This strategy would allow the company to expand its asset base, increase its production capacity, and diversify its geographic footprint. The market for oil and gas property acquisitions is dynamic, with opportunities arising from divestitures by larger companies, bankruptcies, and other factors. However, acquisitions also involve risks, such as overpaying for assets, encountering unexpected geological challenges, and integrating new operations. The timeline for realizing the benefits of acquisitions can vary depending on the complexity of the transaction and the development potential of the acquired properties.
• Strategic Partnerships: Forming strategic partnerships with other companies in the oil and gas industry could provide Harvest Oil & Gas Corp. with access to capital, technology, and expertise. These partnerships could involve joint ventures, farm-in agreements, or other collaborative arrangements. The benefits of strategic partnerships include reduced risk, shared costs, and access to new markets. However, partnerships also require careful management to ensure alignment of interests and effective communication. The timeline for realizing the benefits of strategic partnerships depends on the nature of the agreement and the specific goals of the collaboration.
• Technological Innovation: Investing in new technologies could improve Harvest Oil & Gas Corp.'s operational efficiency, reduce its costs, and enhance its environmental performance. This could involve adopting advanced drilling techniques, implementing data analytics solutions, or investing in renewable energy technologies. The market for oil and gas technology is constantly evolving, with new innovations emerging in areas such as artificial intelligence, automation, and carbon capture. By embracing technological innovation, Harvest Oil & Gas Corp. could gain a competitive advantage and improve its long-term sustainability. The timeline for realizing the benefits of technological innovation depends on the specific technology and the company's ability to implement it effectively.
• Focus on Natural Gas Production: With increasing demand for cleaner energy sources, Harvest Oil & Gas Corp. could focus on increasing its natural gas production. Natural gas is a relatively cleaner-burning fossil fuel compared to oil and coal, making it a key component of the energy transition. The global natural gas market is projected to grow significantly in the coming years, driven by increasing demand from power generation, industrial, and residential sectors. By focusing on natural gas production, Harvest Oil & Gas Corp. could capitalize on this growing market and reduce its exposure to the risks associated with oil production. The timeline for realizing the benefits of this strategy depends on the company's ability to identify and develop economically viable natural gas reserves.

What Threats Does HRST Face?

• Fluctuations in oil and gas prices.
• Increasing regulatory scrutiny and environmental concerns.
• Competition from larger, more established oil and gas companies.
• Technological disruptions in the energy sector.

What Are HRST's Competitive Advantages?

• Access to oil and gas reserves.
• Expertise in oil and gas exploration and production.
• Established relationships with refineries and distributors.
• Strategic location in the U.S. energy sector (Houston, Texas).

What Does HRST Do?

Harvest Oil & Gas Corp. is an independent oil and natural gas company engaged in the exploration, development, and production of oil and natural gas properties within the United States. Headquartered in Houston, Texas, the company focuses on domestic energy resources. While the specific founding details are not available, Harvest Oil & Gas Corp. operates within the broader context of the U.S. energy sector, aiming to extract and produce oil and natural gas from its owned or leased properties. The company's operations involve identifying potential drilling locations, acquiring land rights, drilling wells, and extracting oil and natural gas. These resources are then processed and sold to various customers, including refineries, distributors, and other energy companies. Harvest Oil & Gas Corp. competes with other independent oil and gas companies, as well as larger integrated energy companies, for access to resources, capital, and markets. The company's success depends on factors such as its ability to find and develop economically viable reserves, manage its operating costs, and navigate the regulatory environment.

What Products and Services Does HRST Offer?

• Engages in the development and production of oil and natural gas properties.
• Operates as an independent oil and natural gas company.
• Focuses on properties located within the United States.
• Identifies potential drilling locations.
• Acquires land rights for exploration and production.
• Drills wells to extract oil and natural gas.
• Processes and sells extracted resources to refineries and distributors.

How Does HRST Make Money?

• Acquires or leases land with potential oil and gas reserves.
• Explores and drills wells to extract oil and natural gas.
• Processes and sells the extracted resources to refineries, distributors, and other energy companies.
• Generates revenue from the sale of oil and natural gas.

What Industry Does HRST Operate In?

Harvest Oil & Gas Corp. operates within the highly competitive oil and gas exploration and production industry. This sector is characterized by fluctuating commodity prices, technological advancements, and evolving regulatory landscapes. The industry is currently navigating a complex transition, balancing the demand for traditional energy sources with growing pressure to reduce carbon emissions and invest in renewable energy. Companies like Harvest Oil & Gas Corp. face the challenge of optimizing their operations to remain competitive while also adapting to changing market dynamics and environmental concerns. Competitors range from large integrated oil companies to smaller independent producers, each vying for access to resources and market share.

Who Are HRST's Key Customers?

• Refineries that process crude oil into refined products.
• Distributors that transport and sell natural gas to end-users.
• Other energy companies that purchase oil and gas for various purposes.

How Harvest Oil & Gas Corp. Is Valued

Harvest Oil & Gas Corp. carries a market capitalization of $3.21M, placing it in the micro-cap category.

Company Profile

Harvest Oil & Gas Corp. operates in the Oil & Gas Exploration & Production industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Steven J. Pully. HRST has traded publicly since 2018.

Return on equity for Harvest Oil & Gas Corp. stands at -15.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -19.1%, showing how much profit it generates from its asset base. A current ratio of 25.02 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -72.9%, the inverse of the P/E and a quick read on earnings relative to price.

Harvest Oil & Gas Corp.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -12.41 places it in the distress zone, a signal of elevated financial risk.

12 transactions · 6 purchases, 0 sales, 6 other transactions · 3 identified insiders · most recent available transactions. Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

HRST Financials

HRST Latest News

HRST Analyst Consensus

HRST MoonshotScore

Harvest Oil & Gas Corp. Energy Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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