Harvest Oil & Gas(OTC) HRST

Harvest Oil & Gas Corp. operates as an independent enterprise specializing in the development and output of petroleum and natural gas resources throughout the United States. The company is headquartered in Houston, Texas, and focuses on maximizing the value of its energy assets.

Products and Services

• Exploration and production of oil and natural gas
• Development of energy resources across the U.S.
• Management of oil and gas assets for optimal performance

Growth Outlook

• Strong cash position with $10.34 million in cash as of Q4 2022
• Current ratio of 25.02 indicates excellent short-term financial health
• Potential for asset optimization to enhance production efficiency

Financial Highlights

• Trailing twelve months (TTM) revenue of $0, reflecting ongoing development phase
• Net income of -$1.07 million in Q4 2022, showing operational challenges
• Cash per share stands at $10.01, indicating strong liquidity

Harvest Oil & Gas Corp. is positioned in the oil and gas exploration and production industry, focusing on the development of its resources. The company has maintained a robust cash position, which is critical for funding future operations and potential growth initiatives. Despite reporting no revenue in the trailing twelve months, the current ratio suggests that the company is well-equipped to meet its short-term obligations. The financial performance indicates challenges, with a net loss reported in the most recent quarter. However, the significant cash reserves provide a buffer for navigating operational hurdles. Investors may find interest in the company's potential for asset optimization and the strategic management of its resources, which could lead to improved financial performance in the future.