ERHC Energy Inc. (OTC:ERHE) -- Oil & Gas Operations/Energy Reuters Company Research
Performance Rating: Outperform
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stock price performance and applies these to rank stocks along a normal distribution curve. Ranks for Fundamental Quality, Value Catch-up, Operational Trends and Technical Factors
are combined into a Composite Rating of Outperform, Neutral or Underperform.
Business Summary
ERHC Energy Inc. (ERHC), formerly known as Environmental Remediation Holding Corporation, is an independent oil
and gas company. The Company is engaged in the exploration and exploitation of oil and gas reserves in the Gulf of
Guinea offshore of central West Africa. ERHC's focus is to exploit its assets, which are rights to working interests in
exploration acreage in the joint development zone (JDZ) between the Democratic Republic of Sao Tome & Principe
(DRSTP) and the Federal Republic of Nigeria (FRN), and in the exclusive territorial waters of Sao Tome (the Exclusive
Economic Zone (EEZ)). The Company has formed relationships with oil and gas companies to assist it in exploiting its
assets in the JDZ and EEZ.
Contact Info
ERHC Energy Inc. is headquarted at:
5444 Westheimer Road, Suite 1570, Houston,
TX, 77056
United States
(713) 626-4700
www.erhc.com
Insider Trading
Insider buying can be seen as bullish because,
presumably, their company knowledge is superior.
However, insider sales are less reliable because
insiders may sell for a variety of reasons that have
nothing to do with their opinion of the stock.
In the last 6 months, there have been no insider
purchases, and there have been no insider sales.
Net Change (6 months) 0 mil
6 Month Net Transactions 0
Institutional Ownership
It's worthwhile to know what institutions are doing
simply because their stock positions can be so
large. In the short term, stocks will perform well if
institutions are buying and perform poorly if
institutions are selling.
6 institutions own 0.0% of the 0.71 billion common
shares outstanding. This is lower than the average
institutional ownership of the Oil & Gas Operations
Industry at 47.9%, and lower than the average of the
S&P 500 as a whole which is 68.3%.
Net Change (3 month) 0.0%
Net Purchases (3 month) (0.04) mil
Shares Purchased (3 month) 0.01 mil
Shares Sold (3 month) 0.06 mil
Liquid Assets
Get a general sense of the extent to which the
stockprice is offset by the presence of assets that
can beconverted to cash immediately or in the near
future. Often, these ratios will not be meaningful.
Most companies are valued as ongoing businesses,
rather than liquidation/buyout prospects. If you're
lookingat an especially troubled company, be aware
that seemingly liquid-asset windfalls can be
dissipatedby continuing operating losses and/or
shutdown costs.
Price to ... ERHE Industry
General Working Capital 9.3 10.2
(current assets minus current liabilities)
Net Working Capital 9.3 (3.1)
(current assets minus all liabilities)
Cash (& cash equivalents) 6.9 27.4
Cash minus total debt 6.9 (10.0)
Cash minus all liabilities 9.9 (3.0)
