Loading institutional data...
Loading institutional data...
Insufficient data to determine institutional momentum.
Data as of Q3 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading analysis...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading insider activity...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 22 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-01 | 2 co-filers EVP, GC and Corp. Sec. | Grant | 1,500,000 | $0.00 | $0 |
| 2026-10-01 | 2 co-filers EVP of Operations | Grant | 1,440,000 | $0.00 | $0 |
| 2026-10-01 | 2 co-filers EVP, GC and Corp. Sec. | Grant | 1,000,000 | $0.00 | — |
| 2026-10-01 | 2 co-filers EVP of Operations | Grant |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| 960,000 |
| $0.00 |
| — |
| 2026-09-03 | Frommer Richard N. Director | Open-market buy24d late | 28,000 | $0.45 | $13k |
| 2026-07-23 | 2 co-filers Executive Vice President & CFO | Grant | 560,000 | $0.00 | — |
| 2026-07-21 | 2 co-filers Executive Vice President & CFO | Grant | 840,000 | $0.00 | $0 |
| 2026-07-21 | Thoresen Erik Director | Grant | 100,000 | $0.00 | $0 |
| 2026-07-21 | Frommer Richard N. Director | Grant | 100,000 | $0.00 | $0 |
| 2026-07-21 | Gray Jonathan H. Director | Grant | 100,000 | $0.00 | $0 |
| 2026-06-23 | 2 co-filers Chief Executive Officer | Grant | 425,000 | $0.00 | $0 |
| 2026-06-23 | 2 co-filers Chief Executive Officer | Grant | 425,000 | $0.00 | — |
| 2026-06-04 | Lee Stephen Director | Tax withholding | 15,544 | $0.87 | $14k |
| 2026-06-04 | 5 co-filers Group filing | Tax withholding | 15,544 | $0.87 | $14k |
| 2026-05-19 | Frommer Richard N. Director | Open-market buy | 75,500 | $0.87 | $66k |
| 2026-05-19 | Sweeney Daniel T. EVP, GC and Corp. Sec. | Open-market buy | 15,925 | $0.89 | $14k |
| 2026-05-04 | Freeman Bryan EVP of Operations | Tax withholding | 12,957 | $1.20 | $16k |
| 2026-05-04 | Sweeney Daniel T. EVP, GC and Corp. Sec. | Tax withholding | 7,291 | $1.20 | $9k |
| 2026-04-20 | 5 co-filers Group filing | Otherindirect45d late | 396,901 | $1.81 | $718k |
| 2026-04-20 | 5 co-filers Group filing | Otherindirect45d late | 140,497 | $1.81 | $254k |
| 2026-04-20 | 5 co-filers Group filing | Otherindirect45d late | 720 | — | — |
| 2026-04-20 | 5 co-filers Group filing | Otherindirect45d late | 255 | — | — |
| 2026-03-26 | Sweeney Daniel T. EVP, GC and Corp. Sec. | Tax withholding | 81,666 | $2.04 | $167k |
| 2026-03-26 | Patton Gregory Scott EVP and CFO | Tax withholding | 96,979 | $2.04 | $198k |
| 2026-03-26 | Abbas Gizman I Director | Tax withholding | 8,333 | $2.04 | $17k |
| 2026-03-26 | Lee Stephen Director | Tax withholding | 8,333 | $2.04 | $17k |
| 2026-03-26 | Freeman Bryan EVP of Operations | Tax withholding | 76,668 | $2.04 | $156k |
| 2026-03-05 | Patton Gregory Scott EVP and CFO | Tax withholding | 733 | $1.60 | $1k |
| 2026-03-05 | Freeman Bryan EVP of Operations | Tax withholding | 1,223 | $1.60 | $2k |
| 2026-03-05 | Sweeney Daniel T. EVP, GC and Corp. Sec. | Tax withholding | 1,223 | $1.60 | $2k |
| 2025-12-29 | 3 co-filers Group filing | Open-market buy | 210,981 | $1.61 | $340k |
| 2025-12-24 | 6 co-filers Group filing | Open-market buy | 50,000 | $1.68 | $84k |
| 2025-12-19 | 6 co-filers Group filing | Open-market buy5d late | 33,825 | $1.68 | $57k |
| 2025-12-18 | 15 co-filers Group filing | Open-market buy | 36,701 | $1.68 | $62k |
| 2025-12-17 | Hanna Gary C President | Tax withholding | 14,989 | $1.69 | $25k |
| 2025-12-17 | Kovalik Edward Chief Executive Officer | Tax withholding | 16,959 | $1.69 | $29k |
| 2025-12-17 | 15 co-filers Group filing | Open-market buy | 50,000 | $1.68 | $84k |
| 2025-12-17 | 15 co-filers Group filing | Open-market buy | 20,795 | $1.68 | $35k |
| 2025-12-16 | 15 co-filers Group filing | Open-market buy | 50,000 | $1.68 | $84k |
| 2025-12-16 | 15 co-filers Group filing | Open-market buy | 36,022 | $1.68 | $60k |
Solve the discounted cash flow backwards, then stress-test the assumptions.
The same 1 year as the 3-yr average, with the stock compensation of those years charged as a cost. Shares issued to employees are real dilution, so this asks what the business generates for existing holders.
The answer is outside the range this solves over (-60% to +100%/yr), so it is reported as off the scale rather than as a rate. The price is below what this cash flow is worth even under collapse.
On the basis ($134.5M) the requirement is off the scale. The difference is what charging stock compensation costs.
Default is 10.0% — this company's computed cost of capital, the same rate the Analysis tab discounts at.
2-stage DCF · 0.11B shares (market data) · net debt -$20K
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Ranked against 37 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EOG | $85.1B | 17.8× | 8.3× | 3.8× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.4× | 490 |
| OXY | $63.0B | 39.1× | — | 2.9× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 383 |
| FANG | $57.8B | 36.0× | 11.4× | 3.9× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 361 |
| DVN | $56.3B | 12.3× | — | 3.3× | 7.8% | — | 15.4% | 17.0% | 11.0% | — | 451 |
| EQT | $34.1B | 16.5× | 7.2× | 4.0× | 63.9% | 82.3% | 23.6% | 8.6% | 6.5% | 1.3× | 277 |
| PR | $21.4B | 20.0× | — | 4.2× | 1.3% | — | 18.5% | 9.1% | 6.8% | — | 151 |
| EXE | $20.9B | 11.9× | 4.6× | 1.7× | 186% | — | 15.0% | 9.8% | 7.7% | 0.8× | 206 |
| OVV | $19.8B | 15.0× | 7.5× | 2.2× | -2.7% | — | 13.9% | 11.1% | 7.6% | 1.6× | 148 |
| AR | $12.7B | 20.3× | 8.6× | 2.4× | 22.0% | — | 12.8% | 8.9% | 7.5% | 0.9× | 137 |
| RRC | $12.6B | 19.7× | — | 4.0× | 28.9% | 94.0% | 21.1% | 15.2% | 11.9% | — | 124 |
| SM | $9.4B | 7.0× | — | 3.0× | 17.2% | — | 20.5% | 13.5% | 13.5% | — | 107 |
| CHRD | $8.4B | 207.6× | 5.8× | 1.7× | -7.1% | 80.0% | 0.9% | 0.6% | 0.5% | 0.8× | 110 |
| MTDR | $7.4B | 9.8× | 4.5× | 2.0× | 5.5% | 94.4% | 20.5% | 13.4% | 8.4% | 1.4× | 95 |
| MGY | $7.1B | — | 8.2× | 5.4× | -0.3% | — | 24.8% | 16.3% | 13.6% | 0.1× | 83 |
| MUR | $6.1B | 59.5× | 5.5× | 2.3× | -10.2% | 100% | 3.8% | 2.0% | 1.6% | 0.7× | 97 |
| CNX | $5.4B | 9.2× | 5.4× | 2.4× | 76.8% | — | 28.3% | 14.6% | 9.4% | 1.6× | 73 |
| CRC | $4.9B | 13.2× | 5.4× | 1.3× | 14.7% | — | 9.9% | 9.9% | 7.3% | 1.0× | 67 |
| CRK | $4.3B | 10.2× | 5.5× | 1.9× | 77.0% | — | 17.8% | 14.9% | 7.3% | 2.2× | 62 |
| PARR | $3.7B | 10.2× | 6.3× | 0.5× | -6.4% | — | 4.9% | 24.4% | 16.0% | 0.9× | 94 |
| TALO | $3.0B | — | 7.7× | 1.7× | -9.8% | — | -27.8% | -22.8% | -14.6% | 1.7× | 66 |
| NOG | $3.0B | 71.3× | — | 1.2× | 11.2% | 80.9% | 1.6% | 1.8% | 0.9% | — | 69 |
| GPOR | $2.9B | 7.7× | 4.1× | 2.0× | 48.5% | 74.8% | 30.1% | 23.3% | 16.3% | 0.9× | 52 |
| BKV | $2.3B | 10.2× | 6.3× | 2.0× | 9.9% | — | 15.7% | 9.0% | 5.7% | 1.8× | 20 |
| AESI | $1.2B | — | 11.6× | 1.1× | 3.7% | 13.8% | -4.6% | -4.2% | -2.8% | 3.9× | 52 |
| REPX | $1.1B | 6.9× | 6.0× | 2.9× | -4.4% | — | 41.0% | 25.4% | 18.2% | 1.0× | 29 |
| PROP | $48M | — | 0.4× | 0.2× | — | — | 13.3% | 24.6% | 24.6% | 0.0× | 20 |
Peers = companies sharing PROP's sector (Crude Petroleum & Natural Gas) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $134.5M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 25%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-29
Where each multiple sits in its own 13-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 25% against ROIC 25% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 35.0% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 81.1 | 91.4 | 729.2 | — | — | — | — | — |
| Gross Profit | 18.9 | 8.6 | 366.6 | — | — | — | — | — |
| R&D | — | — | — | — | — | — | 478.6 | 63.3 |
| SG&A | 8.1 | 8.4 | 496.7 | 1565.1 | 696.8 | 1052.5 | 385.0 | 20.9 |
| Operating Income | -6.8 | -17.6 | -551.7 | -4924.4 | -1469.6 | -1069.5 | -334.0 | 27.1 |
| Income Tax | — | — | — | — | — | — | 0.0 | 9.0 |
| Net Income | -18.8 | -20.4 | -470.6 | -4670.2 | -2592.5 | -5115.8 | -515.3 | 13.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PROP: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $20K is below the $2.0M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2023-06-30 (10-Q). The cash figure is from 2025-12-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Earns -26.39pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2021 | -819.7% | 41.9% | -861.6pts |
| FY2023 | -39.5% | 50.9% (today's — no rate published for this year) | -90.4pts |
| FY2024 | -24.1% | 12.0% | -36.1pts |
| FY2025 | 34.5% | 51.2% | -16.8pts |
| Now | 24.6% | 50.9% | -26.2pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 28.8% | -5.2% | -6.9% |
| FY2017 | 0.1% | -35.4% | -38.0% |
| FY2018 | 18.9% | -6.8% | -18.8% |
| FY2019 | 8.6% | -17.6% | -20.4% |
| FY2020 | 366.6% | -551.7% | -470.6% |
| FY2021 | not reported | -4924.4% | -4670.2% |
| FY2022 | not reported | -1469.6% | -2592.5% |
| FY2023 | not reported | -1069.5% | -5115.8% |
| FY2024 | not reported | -334.0% | -515.3% |
| FY2025 | not reported | 27.1% | 13.3% |
Return on equity (25%) and return on invested capital (25%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
The spread was positive in only 0 of the last 4 years.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Stressed coverage of 1.6x sits between comfortable and thin.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 2.30x |
| 5% | 2.18x |
| 10% | 2.07x |
| 15% | 1.95x |
| 20% | 1.84x |
| 25% | 1.72x |
| 30% | 1.61x |
| 35% | 1.49x |
| 40% | 1.38x |
| 45% | 1.26x |
| 50% | 1.15x |
| 55% | 1.03x |
| 60% | 0.92x |
This schedule comes from a filing dated 2023-06-30, 1219 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2023-06-30 (10-Q); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $3,092,000 of the $3,092,000 total — a fixed obligation that does not appear in a headline debt figure.
No growth rate within the range this model can express reaches the current price, so the requirement cannot be stated as a number.
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: implied_growth.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $241.6M 100.0% | $7.9M 100.0% | $1.5M 100.0% | $518K 100.0% | $370K 100.0% | $412K 100.0% | $10.6M 100.0% | $13.9M 100.0% | $15.1M 100.0% | $22.7M 100.0% |
| Cost of Revenue | — | — | — | — | — | $3.0M 729.2% | $9.7M 91.4% | $11.3M 81.1% | $15.1M 99.9% | $16.2M 71.2% |
| Gross Profit | — | — | — | — | — | $1.5M 366.6% | $905K 8.6% | $2.6M 18.9% | $9K 0.1% | $6.5M 28.8% |
| Research & Development | $152.9M 63.3% | $38.0M 478.6% | — | — | — | — | — | — | — | — |
| Selling, General & Admin | $50.6M 20.9% | $30.6M 385.0% | $16.3M 1052.5% | $3.6M 696.8% | $5.8M 1565.1% | $2.0M 496.7% | $890K 8.4% | $1.1M 8.1% | $1.6M 10.7% | $2.6M 11.3% |
| Total Operating Expenses | $176.1M 72.9% | $34.5M 434.0% | $16.5M 1069.5% | $8.1M 1569.6% | $18.6M 5024.4% | $2.7M 651.7% | $2.8M 26.1% | $3.6M 25.6% | $5.3M 35.5% | $7.7M 34.0% |
| Operating Income | $65.6M 27.1% | -$26.5M -334.0% | -$16.5M -1069.5% | -$7.6M -1469.6% | -$18.2M -4924.4% | -$2.3M -551.7% | -$1.9M -17.6% | -$941K -6.8% | -$5.3M -35.4% | -$1.2M -5.2% |
| Interest Expense | $28.5M 11.8% | $1.1M 14.4% | — | $614K 118.6% | $1.2M 317.8% | $637K 154.5% | $304K 2.9% | $1.7M 12.1% | — | — |
| Interest & Investment Income | $759K 0.3% | $580K 7.3% | $248K 16.0% | — | — | — | — | — | — | — |
| Other Income (Expense), net | -$11.9M -4.9% | -$13.4M -168.2% | -$45.5M -2942.7% | -$5.8M -1119.4% | -$992K -268.2% | -$627K -152.1% | -$304K -2.9% | -$1.7M -12.0% | -$396K -2.6% | -$326K -1.4% |
| Pretax Income | $53.7M 22.2% | -$39.9M -502.2% | -$62.0M -4012.2% | -$13.4M -2589.1% | -$19.2M -5192.5% | -$2.9M -703.8% | -$2.2M -20.4% | -$2.6M -18.8% | -$5.7M -38.1% | -$1.5M -6.6% |
| Income Tax Expense | $21.7M 9.0% | $0 0.0% | — | — | — | — | — | — | — | — |
| Net Income | $32.1M 13.3% | -$40.9M -515.3% | -$79.1M -5115.8% | -$13.4M -2592.5% | -$17.3M -4670.2% | -$1.9M -470.6% | -$2.2M -20.4% | -$2.6M -18.8% | -$5.7M -38.0% | -$1.6M -6.9% |
| Per Share | ||||||||||
| EPS (Basic) | -$1.35 | -$2.65 | -$16.51 | -$1.18 | -$3.71 | -$0.53 | -$0.62 | -$0.76 | — | — |
| EPS (Diluted) | -$1.35 | -$2.65 | -$16.51 | — | — | -$0.53 | -$0.62 | -$0.76 | — | — |
| Weighted Avg Shares (Basic) | 45.2M | 15.5M | 4.8M | 11.6M | 4.8M | 3.5M | 3.5M | 3.4M | — | — |
| Weighted Avg Shares (Diluted) | 45.2M | 15.5M | 4.8M | — | — | 3.5M | 3.5M | 3.4M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.