41
St. Mary Land & Exploration (SM)
Drilling successes, coupled with boffo oil and gas prices, are making St. Mary a gusher. The Denver-based outfit, which operates across the West and Southwest, can boast of a novelty in the drilling business -- 100% success rates -- in some of its fields. It took part, for instance, in sinking 26 wells in one Montana county that all turned out to be productive. Other areas, such as efforts in North Dakota, were disappointing. But overall, high-performing spots, such as the natural-gas fields in the Hanging Woman Basin in Wyoming and Montana, helped drive up earnings 64%, to $151.9 million, on a 71% rise in revenue, to $739.6 million. Net of hedging, St. Mary reaped a 57% gain in price per barrel of oil, realizing an average price just under $51. Even if oil prices slip this year, recent successes in drilling should power more gains.
Company Info |
|
2005 Rank | 67 |
Market Value* ($ Millions) | 2,401.9 |
Sales* ($ Millions) | 789.1 |
Sales Growth (3-yr. avg. annual) |
50.6 % |
Profits* ($ Millions) | 167.4 |
Profit Growth (3-yr. avg. annual) | 67.3 % |
Return on Inv. Capital (3-yr.) | 15.5 % |
Share Price 12-Mo. Hi/Lo | 46/22 |
Share Price As of 4/28/06 | 42 |
Return on Equity | 26.4 % |
P/E Ratio | 17 |
No. of Employees | 305 |
Industry | Oil & Gas Exploration & Production |
CURRENT MARKET INFO | SM > |
COMPANY WEB SITE > | |
Location | Denver |
Phone | 303 861-8140 |