5 Energy Companies With High Debt-to-Equity Levels

The following five companies in the Energy sector have high debt-to-equity levels.  Note that this list excludes all companies whose market capitalization is less than $500 million.

  1. Ferrellgas Partners, LP (NYSE:FGP):  The stock has traded in a 52-week range of $20.31 to $29 and most recently traded at $25.97.  The company has $1.34 billion in total debt and has a debt to equity ratio of 1,970.84.  It has $25.49 million in cash, a current ratio of 1.19, and a book value per share of $1.74.  The market capitalization is $1.84 billion.  About the company:  Ferrellgas Partbers, L.P. sells, distributes, markets, and trades propane and other natural gas liquids.  The Partnership serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale and other customers throughout the United States, the District of Columbia, and Puerto Rico.
  2. ATP Oil & Gas Corporation (NASDAQ:ATPG):  The stock has traded in a 52-week range of $8.16 to $21.40 and most recently traded at $16.94 per share.  About the company:  ATP Oil & Gas Corporation acquires and develops natural gas and oil properties, and produces natural gas and crude oil, primarily in the outer continental shelf of the Gulf of Mexico. The company has $1.88 billion of debt and a total debt to equity ratio of 478.42.  It has $154.70 million in cash, a current ratio of 0.75, and a book value per share of $2.20.  Its market capitalization is $861.3 million.   The Company concentrates on proven undeveloped reserves which have not been strategic to major oil and gas exploration companies.  ATP also operates in the shallow waters of the Gulf of Mexico and in the North Sea.
  3. Holly Energy Partners, LP (NYSE:HEP):  The stock has traded in a 52-week range of $38.41 to $61.05 and most recently traded at $55.37 per share.  The company has debt of $523.48 million and a total debt to equity ratio of 503.88.  It has $1.5 million in cash, a current ratio of 1.06, and a book value of $11.61 per share.  Its market capitalization is $1.22 billion.  About the company: Holly Energy Partners, L.P. operates a system of refined product pipelines and distribution terminals primarily in West Texas, New Mexico, Utah, and Arizona.  The Company’s services include transporting products through its pipeline, terminalling refined products and other hydrocarbons, and storing and providing other services at its terminals.
  4. Teekay Offshore Partners LP (NYSE:TOO):  The stock has traded in a 52-week range of $17.11 to $31.50 and most recently traded at $29.58 per share.  It has $1.88 billion in debt and a total debt to equity ratio of 244.36.  It has $166.48 million in cash, a current ratio of 0.94, and a book value per share of $9.80.  Its market capitalization is $1.63 billion.  About the company: Teekay Offshore Partners, LP, provides marine transportation and storage services to the offshore oil industry.
  5. Global Partners LP (NYSE:GLP):  The stock has traded in a 52-week range of $19.33 to $29.98 per share and it most recently traded at $25.20 per share.  The company has $800 million in total debt and a debt to equity ratio of 289.01.  It has $2.6 million in cash, a current ratio of 1.59, and a book value per share of $14.67.  About the company: Global Partners LP owns, controls or has access to a terminal network of refined petroleum products in New England, located in the United States.  The Company is a wholesale distributor of distillates such as home heating oil, gasoline, and residual oil.  Global Partners serves wholsalers, retailers, and commercial customers.

Energy Value: 5 Energy Stocks With Attractively Low P/E Ratios>>

Note: Financial data is taken from Yahoo! Finance.  Selected other data is taken from Google Finance and publicly available SEC filings.  All data are assumed to be accurate.

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