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Lilis Energy

DB:0KF2
Snowflake Description

High growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0KF2
DB
$94M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Lilis Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Lilis Energy has significant price volatility in the past 3 months.
0KF2 Share Price and Events
7 Day Returns
-9.2%
DB:0KF2
0.7%
DE Oil and Gas
-0.2%
DE Market
1 Year Returns
-76.7%
DB:0KF2
15.5%
DE Oil and Gas
-10.3%
DE Market
0KF2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lilis Energy (0KF2) -9.2% -3.9% -51.6% -76.7% 645.1% -54.8%
DE Oil and Gas 0.7% 6% 10.3% 15.5% 20.5% 68.3%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 0KF2 underperformed the Oil and Gas industry which returned 15.5% over the past year.
  • 0KF2 underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
0KF2
Industry
5yr Volatility vs Market

0KF2 Value

 Is Lilis Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lilis Energy. This is due to cash flow or dividend data being unavailable. The share price is €0.842.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lilis Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lilis Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0KF2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.73
AMEX:LLEX Share Price ** AMEX (2019-05-17) in USD $1.03
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.63x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lilis Energy.

DB:0KF2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:LLEX Share Price ÷ EPS (both in USD)

= 1.03 ÷ -0.73

-1.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lilis Energy is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Lilis Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Lilis Energy's expected growth come at a high price?
Raw Data
DB:0KF2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
56%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 0.96x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lilis Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lilis Energy's assets?
Raw Data
DB:0KF2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.32
AMEX:LLEX Share Price * AMEX (2019-05-17) in USD $1.03
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.1x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:0KF2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:LLEX Share Price ÷ Book Value per Share (both in USD)

= 1.03 ÷ 0.32

3.2x

* Primary Listing of Lilis Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lilis Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Lilis Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Lilis Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0KF2 Future Performance

 How is Lilis Energy expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lilis Energy expected to grow at an attractive rate?
  • Lilis Energy's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Lilis Energy's earnings growth is expected to exceed the Germany market average.
  • Lilis Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0KF2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0KF2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 56%
DB:0KF2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 26.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0KF2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0KF2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 287 55 1
2022-12-31 251 42 1
2021-12-31 183 117 -32 3
2020-12-31 143 86 -19 8
2019-12-31 100 41 -49 8
DB:0KF2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 70 86 -50
2018-12-31 67 92 -15
2018-09-30 54 84 -73
2018-06-30 41 42 -74
2018-03-31 31 -6 -68
2017-12-31 20 -7 -85
2017-09-30 14 -7 -53
2017-06-30 11 -12 -56
2017-03-31 6 -11 -48
2016-12-31 3 -6 -42
2016-09-30 2 -7 -32
2016-06-30 1 -3 -43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lilis Energy's earnings are expected to grow significantly at over 20% yearly.
  • Lilis Energy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0KF2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Lilis Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0KF2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.71 0.71 0.71 1.00
2022-12-31 0.53 0.53 0.53 1.00
2021-12-31 0.16 0.32 0.00 2.00
2020-12-31 -0.21 0.05 -0.50 5.00
2019-12-31 -0.59 -0.50 -0.78 5.00
DB:0KF2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.73
2018-12-31 -0.24
2018-09-30 -1.26
2018-06-30 -1.35
2018-03-31 -1.39
2017-12-31 -2.00
2017-09-30 -1.64
2017-06-30 -2.08
2017-03-31 -2.72
2016-12-31 -3.73
2016-09-30 -3.23
2016-06-30 -13.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lilis Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lilis Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lilis Energy has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0KF2 Past Performance

  How has Lilis Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lilis Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lilis Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Lilis Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lilis Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Lilis Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lilis Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0KF2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 69.75 -50.12 32.49
2018-12-31 66.51 -14.83 33.25
2018-09-30 54.26 -73.11 35.36
2018-06-30 40.87 -74.08 40.57
2018-03-31 31.03 -68.07 54.15
2017-12-31 20.43 -84.84 49.85
2017-09-30 14.33 -53.45 40.76
2017-06-30 10.79 -55.69 34.39
2017-03-31 6.33 -47.70 18.73
2016-12-31 3.44 -42.30 14.23
2016-09-30 2.26 -32.04 10.55
2016-06-30 1.15 -43.18 7.69
2016-03-31 0.33 -28.18 7.24
2015-12-31 0.40 -33.08 7.93
2015-09-30 0.68 -33.61 8.91
2015-06-30 1.38 -21.03 10.13
2015-03-31 2.24 -20.87 9.72
2014-12-31 2.86 -32.30 10.33
2014-09-30 3.75 -33.78 9.94
2014-06-30 4.02 -29.66 8.21
2014-03-31 4.10 -27.84 6.94
2013-12-31 4.54 -10.01 4.97
2013-09-30 4.88 -32.66 2.88
2013-06-30 5.66 -32.59 3.18
2013-03-31 5.89 -32.70 3.37
2012-12-31 6.25 -37.74 4.41
2012-09-30 6.17 -20.07 6.81
2012-06-30 6.09 -20.26 7.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lilis Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lilis Energy has efficiently used its assets last year compared to the DE Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lilis Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lilis Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lilis Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0KF2 Health

 How is Lilis Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lilis Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lilis Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lilis Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lilis Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lilis Energy Company Filings, last reported 1 month ago.

DB:0KF2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 254.17 110.61 11.23
2018-12-31 186.36 157.80 21.14
2018-09-30 72.45 166.26 24.95
2018-06-30 74.60 158.55 27.40
2018-03-31 104.55 151.08 35.63
2017-12-31 -30.95 127.79 17.46
2017-09-30 4.96 65.72 17.82
2017-06-30 6.98 62.32 42.74
2017-03-31 25.67 36.15 20.42
2016-12-31 11.94 30.24 11.74
2016-09-30 18.93 24.29 20.99
2016-06-30 18.47 7.73 6.49
2016-03-31 -15.52 12.64 0.03
2015-12-31 -13.17 11.07 0.11
2015-09-30 -14.11 10.05 0.05
2015-06-30 5.10 9.80 0.21
2015-03-31 8.03 9.79 1.33
2014-12-31 15.75 6.84 0.51
2014-09-30 16.02 6.68 1.47
2014-06-30 20.03 21.45 1.45
2014-03-31 13.46 24.80 2.86
2013-12-31 5.92 33.50 0.17
2013-09-30 7.62 32.41 0.35
2013-06-30 8.27 31.69 0.63
2013-03-31 10.16 30.02 0.48
2012-12-31 12.08 29.64 0.97
2012-09-30 39.31 29.89 0.70
2012-06-30 41.20 28.52 0.47
  • Lilis Energy's level of debt (43.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (182.9% vs 43.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Lilis Energy has less than a year of cash runway based on current free cash flow.
  • Lilis Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 68.7% each year.
X
Financial health checks
We assess Lilis Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lilis Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0KF2 Dividends

 What is Lilis Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lilis Energy dividends.
If you bought €2,000 of Lilis Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lilis Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lilis Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0KF2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0KF2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lilis Energy has not reported any payouts.
  • Unable to verify if Lilis Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lilis Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lilis Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lilis Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lilis Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lilis Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0KF2 Management

 What is the CEO of Lilis Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ronald Ormand
COMPENSATION $1,774,326
AGE 60
TENURE AS CEO 1.1 years
CEO Bio

Mr. Ronald D. Ormand, also known as Ron, has been the Chief Executive Officer of Lilis Energy, Inc. since April 6, 2018. Mr. Ormand served as Senior Managing Director and Senior Advisor at FBR & Co. since May 2016, where he focused on investment banking and principal investments in the energy sector. Mr. Ormand served as a Managing Director and Head of Energy Investment Banking Group at MLV & Co. Mr. Ormand is a Principal of 1055 Partners, LLC. Mr. Ormand served as Chief Financial Officer, Executive Vice President and Treasurer of PRC Williston LLC. He served as a Managing Director at MLV & Co since November 11, 2013. He joined MLV & Co. in November 2013. He is responsible identifying and assessing merchant banking opportunities in the oil and gas and other energy related industries. Mr. Ormand served as the Chief Financial Officer of NGAS Hunter, LLC. Mr. Ormand has over 33 years of experience as a senior executive and investment banker in the energy sector, including extensive financing and mergers and acquisitions expertise in the oil and gas industry. During his career, he has completed more than $25 billion of capital markets and financial advisory transactions, both as a principal and as a banker. He served as Head of Capital Markets and Executive Vice President of Finance at Magnum Hunter Resources Corp. from July 22, 2013 to October 31, 2013 and also served as its Secretary since September 2009. He was the Chief Financial Officer and Executive Vice President of Magnum Hunter Resources Corp. from May 22, 2009 to July 22, 2013 and was also its Executive Vice President of Capital Markets. He co-founded Magnum Hunter Resources on May 22, 2009. Mr. Ormand was a senior executive at Magnum Hunter Resources Corporation, or MHR. He was part of the management team that took over prior management and grew MHR from approximately $35 million enterprise value to over $2.5 billion enterprise value at the time he left in 2013. He served as Chief Financial Officer of Tremisis Energy Acquisition Corp. II since November 2007 until 2009 and its Co-Chief Executive Officer from March 2009 to April 2009 and also Principal Accounting Officer. He is manager of Perugia Investment, LP. He served as President of Perugia Advisors, Inc. He served as President of Tremisis Energy Acquisition Corp. II from November 2007 to March 13, 2009. From April 2005 to October 2007, he served as a managing director with West LB, where he covered the energy industry and served as head of the oil and gas investment banking group for the Americas. From 1988 to December 2004, he worked with CIBC World Markets and Oppenheimer & Co. From 1997 to 2004, Mr. Ormand served as head of CIBC World Markets' U.S. oil and gas investment banking group. Prior to CIBC World Markets since 1988, he worked in various investment banking positions with Bateman Eichler, Hill Richards Incorporated and L.F. Rothschild & Co., and as a research analyst covering the exploration and production sector at Rauscher Pierce Refsnes, Inc. He has been the Executive Chairman of Lilis Energy, Inc. since July 11, 2016 and Director since February 25, 2015. He was Chairman of the Board at Lilis Energy since January 13, 2016 until July 11, 2016. He served as Director of NGAS Hunter, LLC. Mr. Ormand was a Director of Tremisis Energy Acquisition Corp. II since September 2007 until 2009. He served as a Director of GreenHunter Resources, Inc. from June 5, 2009 to January 8, 2013. He served as a Director of Magnum Hunter Resources Corp. from May 23, 2009 to September 27, 2013 and Eureka Hunter Holdings, Inc. from 2010 to 2013. Mr. Ormand holds a B.A. in Economics in 1980, an M.B.A. in Finance and Accounting in 1982 from the University of California Los Angeles and studied Economics at Cambridge University, England in 1979.

CEO Compensation
  • Ronald's compensation has been consistent with company performance over the past year.
  • Ronald's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Lilis Energy management team in years:

1.1
Average Tenure
60
Average Age
  • The average tenure for the Lilis Energy management team is less than 2 years, this suggests a new team.
Management Team

Ronald Ormand

TITLE
Executive Chairman & CEO
COMPENSATION
$2M
AGE
60
TENURE
1.1 yrs

Joe Daches

TITLE
President
COMPENSATION
$1M
AGE
51
TENURE
0.8 yrs

James Denny

TITLE
Executive Vice President of Operations
COMPENSATION
$1M
AGE
70
TENURE
1.2 yrs

Joe Pawelek

TITLE
Vice President of Corporate Finance & Investor Relations
TENURE
2.8 yrs

Wobbe Ploegsma

TITLE
Vice President of Finance
Board of Directors Tenure

Average tenure and age of the Lilis Energy board of directors in years:

1.2
Average Tenure
60
Average Age
  • The average tenure for the Lilis Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nuno Brandolini

TITLE
Director
COMPENSATION
$243K
AGE
64
TENURE
5.3 yrs

Ronald Ormand

TITLE
Executive Chairman & CEO
COMPENSATION
$2M
AGE
60
TENURE
3.3 yrs

R. Dawson

TITLE
Independent Director
COMPENSATION
$500K
AGE
62
TENURE
3.3 yrs

Michael Long

TITLE
Director
COMPENSATION
$70K
AGE
65
TENURE
1.1 yrs

Mark Christensen

TITLE
Non-Employee Director
COMPENSATION
$135K
AGE
49
TENURE
1.7 yrs

Markus Specks

TITLE
Director
COMPENSATION
$50K
AGE
33
TENURE
1.2 yrs

John Johanning

TITLE
Director
COMPENSATION
$50K
AGE
32
TENURE
1.2 yrs

Nicholas Steinsberger

TITLE
Independent Director
COMPENSATION
$40K
AGE
54
TENURE
1 yrs

David Wood

TITLE
Director
COMPENSATION
$48K
AGE
61
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Lilis Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. May 19 Buy Joseph Daches Individual 14. May 19 14. May 19 10,000 €0.84 €8,387
15. May 19 Buy Ronald Ormand Individual 14. May 19 14. May 19 50,000 €0.83 €40,997
09. Apr 19 Buy Joseph Daches Individual 09. Apr 19 09. Apr 19 10,000 €1.11 €11,091
21. Mar 19 Buy Joseph Daches Individual 21. Mar 19 21. Mar 19 10,000 €1.39 €13,926
13. Dec 18 Buy Michael Long Individual 13. Dec 18 13. Dec 18 5,000 €1.49 €7,442
16. Oct 18 Buy Michael Long Individual 15. Oct 18 15. Oct 18 6,000 €3.45 €20,721
08. Feb 19 Buy Nicholas Steinsberger Individual 12. Oct 18 12. Oct 18 10,000 €3.38 €33,751
13. Dec 18 Buy Nuno Brandolini Individual 12. Dec 18 12. Dec 18 50,000 €1.46 €73,065
19. Nov 18 Buy Ronald Ormand Individual 16. Nov 18 16. Nov 18 10,000 €1.89 €18,941
06. Nov 18 Buy Ronald Ormand Individual 06. Nov 18 06. Nov 18 10,000 €2.65 €26,461
06. Nov 18 Buy Joseph Daches Individual 06. Nov 18 06. Nov 18 25,000 €2.65 €66,372
13. Oct 18 Buy Värde Partners, Inc. Company 10. Oct 18 10. Oct 18 5,952,763 €4.34 €25,811,180
10. Oct 18 Sell Vertex One Asset Management Inc. Company 01. Oct 18 02. Oct 18 -54,056 €4.26 €-225,527
09. Oct 18 Sell Vertex One Asset Management Inc. Company 03. Oct 18 05. Oct 18 -117,696 €4.19 €-482,631
20. Sep 18 Sell OneEnergy Partners, LLC Company 18. Sep 18 18. Sep 18 -6,940,722 €4.19 €-29,101,961
22. Aug 18 Buy David Wood Individual 21. Aug 18 21. Aug 18 10,000 €4.19 €41,905
15. Aug 18 Buy Ronald Ormand Individual 14. Aug 18 14. Aug 18 25,000 €3.57 €89,159
14. Aug 18 Buy Joseph Daches Individual 13. Aug 18 13. Aug 18 30,000 €3.52 €105,367
02. Jul 18 Buy David Wood Individual 28. Jun 18 28. Jun 18 10,000 €4.63 €46,338
04. Jun 18 Sell Vertex One Asset Management Inc. Company 01. Jun 18 01. Jun 18 -150,000 €5.07 €-759,982
30. May 18 Sell Vertex One Asset Management Inc. Company 29. May 18 29. May 18 -100,000 €5.15 €-514,973
29. May 18 Sell Vertex One Asset Management Inc. Company 25. May 18 25. May 18 -100,000 €4.88 €-488,214
25. May 18 Sell Vertex One Asset Management Inc. Company 24. May 18 24. May 18 -115,266 €5.04 €-580,886
24. May 18 Sell Vertex One Asset Management Inc. Company 23. May 18 23. May 18 -300,000 €4.51 €-1,345,838
X
Management checks
We assess Lilis Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lilis Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0KF2 News

Simply Wall St News

0KF2 Company Info

Description

Lilis Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Delaware Basin is approximately 20,400 acres. The company’s oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico. As of December 31, 2018, it had proved reserves of 42,707 million barrels of oil equivalent. The company was formerly known as Recovery Energy, Inc. and changed its name to Lilis Energy, Inc. in December 2013. Lilis Energy, Inc. was incorporated in 2007 and is headquartered in Houston, Texas.

Details
Name: Lilis Energy, Inc.
0KF2
Exchange: DB
Founded: 2007
$84,628,018
91,699,916
Website: http://www.lilisenergy.com
Address: Lilis Energy, Inc.
1800 Bering Drive,
Suite 510,
Houston,
Texas, 77057,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX LLEX Common Shares NYSE MKT LLC US USD 23. Sep 2009
DB 0KF2 Common Shares Deutsche Boerse AG DE EUR 23. Sep 2009
Number of employees
Current staff
Staff numbers
39
Lilis Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:09
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.