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Profile - GMX Resources, Inc. (NasdaqNM:GMXR)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Msgs | Insider
Location
9400 North Broadway, Suite 600
Oklahoma City, OK 73114
Phone: (405) 600-0711
Fax: (405) 600-0722
Employees (last reported count): 14
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Energy
 ·Industry: Oil & Gas Operations
Company Websites
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Ownership
·Insider and 5%+ Owners: 71%
·Over the last 6 months:
 · 2 insider buys; 3,000  shares
·Institutional: 1% (2% of float)
(5 institutions)
·Net Inst. Buying: 1,000  shares (+2.38%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
GMX Resources, Inc. is an independent oil and gas company. The Company has a substantial inventory of drilling and recompletion projects with an estimated 48 Bcfe (billion cubic feet equivalent of proved undeveloped reserves as of December 31, 2000. These projects include ten recompletion projects and 30 new drilling locations with proved undeveloped reserves. The Company expects to locate additional proved drilling and recompletion opportunities as its evaluation and drilling of the property base continues. GMX Resources has approximately 200 additional drilling locations in East Texas, which the Company believes have potential in the Pettit, Travis Peak and Cotton Valley formations at depths of 6,000 to 10,000 feet. The Company is continuing to evaluate its acreage in Kansas and New Mexico, and expects to generate additional drilling prospects.
More from Market Guide: Expanded Business Description

Financial Summary
GMX Resources, Inc. is an independent oil and gas company. GMX has acquired underdeveloped properties in east Texas, northwestern Louisiana, Kansas, and southeastern New Mexico. The company intends to develop these properties to their full potential. For the six months ended 6/30/01, revenues rose 73% to $2.8 million. Net income applicable to Com. totalled $526 thousand, up from $194 thousand. Results reflect increased oil production, along with higher margins.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
Ken L. Kenworthy Jr., Pres.
Ken L. Kenworthy Sr., Exec. VP/CFO
Kyle Kenworthy, VP
Jon Stromberg, VP.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:GMXRAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-Mar-2001
$3.375
Recent Price$5.10 
52-Week High
on 29-May-2001
$12.60 
Daily Volume (3-month avg)45.9K
Daily Volume (10-day avg)20.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y]
26-Week Change-35.2%
26-Week Change
relative to S&P500
-29.5%
Share-Related Items
Market Capitalization$33.4M
Shares Outstanding6.55M
Float1.90M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$2.51 
Earnings (ttm)$0.35 
Earnings (mrq)$0.04 
Sales (ttm)$1.45 
Cash (mrq)$0.26 
Valuation Ratios
Price/Book (mrq)2.03 
Price/Earnings (ttm)14.74 
Price/Sales (ttm)3.51 
Income Statements
Sales (ttm)$5.36M
EBITDA (ttm)$2.50M
Income available to common (ttm)$1.21M
Profitability
Profit Margin (ttm)23.4%
Operating Margin (ttm)26.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)9.21%
Return on Equity (ttm)22.48%
Financial Strength
Current Ratio (mrq)1.19 
Debt/Equity (mrq)0.43 
Total Cash (mrq)$1.12M
Short Interest
As of 8-Aug-2001
Shares Short15.0K
Percent of Float0.8%
Shares Short
(Prior Month)
16.0K
Short Ratio0.18 
Daily Volume85.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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