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Profile - Spinnaker Exploration (NYSE:SKE)
As of 31-Aug-2001
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Location
1200 Smith Street, Suite 800
Houston, TX 77002
Phone: (713) 759-1770
Fax: (713) 759-1773
Employees (last reported count): 35
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Energy
 ·Industry: Oil & Gas Operations
Company Websites
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Ownership
·Insider and 5%+ Owners: 52%
·Over the last 6 months:
 · 6 insider sells; 381.0K shares
  (2.6% of insider shares)
·Institutional: 72% (150% of float)
(278 institutions)
·Net Inst. Buying: 1.01M shares (+4.95%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Spinnaker Exploration Company is an independent energy company engaged in the exploration, development and production of natural gas and oil in the U.S. Gulf of Mexico. At December 31, 2000, the Company had license rights to approximately 9,500 blocks of mostly contiguous, recent vintage 3-D seismic data in the Gulf of Mexico, including approximately 5,750 blocks from its 3-D seismic data agreement with Petroleum Geo-Services ASA. From inception through December 31, 2000, the Company participated in drilling 59 wells in the Gulf of Mexico, with 37 of these wells being completed as discoveries. As of December 31, 2000, the Company's estimated net proved reserves was approximately 182.7 Bcfe (billion cubic feet of gas equivalent), 90% of which was natural gas, representing an increase of approximately 75% over estimated net proved reserves of 104.5 Bcfe at December 31, 1999.
More from Market Guide: Expanded Business Description

Financial Summary
Spinnaker Exploration is an independent energy company engaged in the exploration, development and production of natural gas and oil in the U.S. Gulf of Mexico. For the six months ended 6/30/01, revenues totaled $127 million, up from $33 million. Net income totaled $49.9 million, up from $8.3 million. Results reflect increased oil and gas production volumes due to property additions, and higher average realized oil and gas sales prices.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Roger Jarvis, 47
Chairman, Pres and CEO
$642K--  
Robert Snell, 45
CFO, VP, Sec.
--  --  
Jeffrey Zaruba, 36
VP, Treasurer, Assistant Sec.
150K--  
Kelly Barnes, 47
VP--Land
224K$190K
Jimmy Bennett, 54
VP, Systems Technology and Processing
--  --  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:SKEAs of 31-Aug-2001
Price and Volume
52-Week Low
on 30-Nov-2000
$24.75 
Recent Price$38.30 
52-Week High
on 17-Apr-2001
$48.00 
Daily Volume (3-month avg)242.5K
Daily Volume (10-day avg)225.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change+7.9%
52-Week Change
relative to S&P500
+44.7%
Share-Related Items
Market Capitalization$1.04B
Shares Outstanding27.2M
Float13.0M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$15.66 
Earnings (ttm)$2.88 
Earnings (mrq)$0.77 
Sales (ttm)$7.88 
Cash (mrq)$3.74 
Valuation Ratios
Price/Book (mrq)2.45 
Price/Earnings (ttm)13.28 
Price/Sales (ttm)4.86 
Income Statements
Sales (ttm)$215.3M
EBITDA (ttm)$195.2M
Income available to common (ttm)$80.2M
Profitability
Profit Margin (ttm)37.2%
Operating Margin (ttm)57.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)19.02%
Return on Equity (ttm)23.52%
Financial Strength
Current Ratio (mrq)1.74 
Debt/Equity (mrq)0 
Total Cash (mrq)$101.4M
Short Interest
As of 8-Aug-2001
Shares Short993.0K
Percent of Float7.6%
Shares Short
(Prior Month)
510.0K
Short Ratio3.83 
Daily Volume259.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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