TRANS ENERGY INC
Energy · Crude Petroleum & Natural Gas · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$13.0M | −$1.3M | $3.2M | −$14.7M | $10.8M | $21.5M |
| Net income | −$19.6M | −$12.5M | −$17.7M | −$21.2M | $8.9M | $17.9M |
| Total assets | $96.9M | $111.8M | $90.1M | $62.4M | $58.2M | $40.9M |
| Total liabilities | $133.9M | $130.8M | $98.4M | $54.4M | $30.8M | $23.4M |
| Equity | −$37.0M | −$19.0M | −$8.2M | $8.1M | $27.4M | $17.5M |
| EPS (diluted) | — | — | — | $-0.26 | $0.66 | $1.40 |
| Shares out. | 14.8M | 13.6M | 13.2M | 13.0M | 13.0M | 12.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- —
- Net margin
- —
- Return on equity
- 53.1%
- Return on assets
- −20.3%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 138.2%
- Debt / equity
- —
- Book value / share
- $-2.50
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2015- Altman Z″ (distress)
- -11.91distress
- Accruals / assets
- −18.5%clean
- Piotroski F-Score
- 1/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2016
- NT 10-Qmissed a reporting deadline ↗Nov 17, 2015
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2015
- NT 10-Qmissed a reporting deadline ↗May 18, 2015
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2015
- NT 10-Qmissed a reporting deadline ↗Nov 17, 2014
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Woodburn Mark D10% owner | Dec 5, 2016 | D | 443,011 | $3.58 |
| Richards Robert LDirector | Dec 5, 2016 | D | 378,638 | $3.58 |
| Gearhart Leslie AOfficer — VP/SECRETARY | Dec 5, 2015 | D | 38,000 | $3.58 |
| Corp John GOfficer — PRESIDENT | Dec 5, 2016 | D | 483,163 | $3.58 |
| Starkey Richard LDirector | Dec 5, 2016 | D | 33,000 | $3.58 |
| Lucado Stephen PDirector | Dec 5, 2016 | D | 130,000 | $3.58 |
| Woodburn William FDirector | Dec 5, 2016 | D | 2.0M | $3.58 |
| Sherman JoshDirector | Dec 5, 2016 | D | 36,000 | $3.58 |
| Bagley Loren EDirector | Dec 5, 2016 | D | 1.7M | $3.58 |
| Richards Robert LDirector | Jun 30, 2016 | Grant | 3,000 | $0.00 |
| Gearhart Leslie AOfficer — VP/SECRETARY | Jan 17, 2014 | D | 5,500 | $3.45 |
| Sherman JoshDirector | Jun 30, 2016 | Grant | 6,000 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsDec 5, 2016
- Amended charter or bylawsOct 28, 2016
- Entered a material agreement · Delisting / listing-standard notice · Other material eventOct 25, 2016
- Director / officer changeOct 21, 2016
- Entered a material agreementAug 23, 2016
- Debt acceleration / triggering eventMay 23, 2016
- Director / officer changeDec 28, 2015
- Director / officer changeNov 12, 2015
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 4FORM 4 SUBMISSIONDec 5, 2016
- 15-12GDec 5, 2016
- S-8 POSFORM S-8 POSDec 5, 2016
- 8-KFORM 8-KDec 5, 2016
- SC 14D9/ANov 29, 2016
- SC TO-T/ANov 29, 2016
- 4FORM 4 SUBMISSIONNov 21, 2016
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.