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Legacy Reserves

DB:LRTI
Snowflake Description

Reasonable growth potential with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LRTI
DB
$532M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. The last earnings update was 67 days ago. More info.


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  • Legacy Reserves has significant price volatility in the past 3 months.
LRTI Share Price and Events
Price Volatility
LRTI
Industry
5yr Volatility vs Market

Value

 Is Legacy Reserves 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.

In this section, we usually try to help investors determine whether Legacy Reserves is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Legacy Reserves has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Legacy Reserves. This is due to cash flow or dividend data being unavailable. The share price is €4.07.
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 Legacy Reserves's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Legacy Reserves's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LRTI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $-0.87
NasdaqGS:LGCY Share Price ** NasdaqGS (2018-09-20) in USD $5.01
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 16.26x
Germany Market PE Ratio Median Figure of 407 Publicly-Listed Companies 18.02x

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

** Primary Listing of Legacy Reserves.

DB:LRTI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LGCY Share Price ÷ EPS (both in USD)

= 5.01 ÷ -0.87

-5.79x

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

  • Legacy Reserves is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Legacy Reserves is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Legacy Reserves's expected growth come at a high price?
Raw Data
DB:LRTI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
73.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 0.9x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:LRTI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= -5.79x ÷ 73.3%

-0.08x

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

  • Legacy Reserves is loss making, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Legacy Reserves's assets?
Raw Data
DB:LRTI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $-6.25
NasdaqGS:LGCY Share Price * NasdaqGS (2018-09-20) in USD $5.01
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 1.18x
Germany Market PB Ratio Median Figure of 547 Publicly-Listed Companies 1.87x
DB:LRTI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LGCY Share Price ÷ Book Value per Share (both in USD)

= 5.01 ÷ -6.25

-0.8x

* Primary Listing of Legacy Reserves.

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

  • Legacy Reserves has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.

Next steps:

  1. Take a look at Legacy Reserves's forecasted future earnings and revenues from industry analysts to understand how the company is expected to perform in the future against its competitors and the wider market.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Legacy Reserves's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Oil and Gas industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Legacy Reserves'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. Legacy Reserves 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.

Future Performance

 How is Legacy Reserves expected to perform in the next 1 to 3 years based on estimates from 2 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
73.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Legacy Reserves expected to grow at an attractive rate?
  • Legacy Reserves's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Legacy Reserves's earnings growth is expected to exceed the Germany market average.
  • Legacy Reserves's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LRTI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LRTI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 73.3%
DB:LRTI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.6%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 17%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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:LRTI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LRTI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 700 311 99 2
2019-12-31 664 294 88 2
2018-12-31 589 270 55 2
DB:LRTI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 521 180 -65
2018-03-31 474 119 -25
2017-12-31 436 100 -73
2017-09-30 391 76 -153
2017-06-30 368 49 -123
2017-03-31 348 53 -165
2016-12-31 314 -0 -75
2016-09-30 303 -3 -314
2016-06-30 309 -13 -399
2016-03-31 323 -14 -386
2015-12-31 339 2 -721
2015-09-30 378 34 -708

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Legacy Reserves's earnings are expected to grow significantly at over 20% yearly.
  • Legacy Reserves's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (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:LRTI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Legacy Reserves Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LRTI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.62 1.62 1.62 1.00
2019-12-31 1.41 1.41 1.41 1.00
2018-12-31 0.66 0.66 0.66 1.00
DB:LRTI Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 -0.87
2018-03-31 -0.34
2017-12-31 -1.01
2017-09-30 -2.12
2017-06-30 -1.71
2017-03-31 -2.31
2016-12-31 -1.06
2016-09-30 -4.48
2016-06-30 -5.77
2016-03-31 -5.59
2015-12-31 -10.45
2015-09-30 -10.30

*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 Legacy Reserves will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Legacy Reserves'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 Germany 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.
Legacy Reserves has a total score of 4/6, 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.

Past Performance

  How has Legacy Reserves 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 Legacy Reserves'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.
  • Legacy Reserves does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Legacy Reserves's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Legacy Reserves's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Legacy Reserves'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 Legacy Reserves Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LRTI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 520.67 -64.52 68.06
2018-03-31 474.23 -24.89 54.14
2017-12-31 436.30 -72.90 40.60
2017-09-30 390.80 -152.95 37.89
2017-06-30 367.53 -123.39 37.10
2017-03-31 348.05 -164.57 39.51
2016-12-31 314.36 -74.82 38.39
2016-09-30 302.71 -313.58 39.92
2016-06-30 308.67 -399.35 46.10
2016-03-31 323.10 -385.57 38.16
2015-12-31 338.78 -720.54 37.59
2015-09-30 378.44 -707.91 35.43
2015-06-30 438.62 -554.01 27.98
2015-03-31 487.94 -529.47 34.78
2014-12-31 532.30 -295.34 33.56
2014-09-30 534.74 -5.99 33.08
2014-06-30 521.24 -68.48 33.05
2014-03-31 502.51 -28.04 30.27
2013-12-31 485.49 -35.27 28.91
2013-09-30 453.90 13.50 27.20
2013-06-30 401.92 -6.65 26.26
2013-03-31 362.69 54.54 24.36
2012-12-31 346.46 68.64 24.53
2012-09-30 342.92 8.24 27.06
2012-06-30 343.09 156.91 23.88
2012-03-31 356.76 139.82 23.18
2011-12-31 336.89 72.06 23.08

*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 Legacy Reserves has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Legacy Reserves used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Legacy Reserves 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 Legacy Reserves'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.
Legacy Reserves 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.

Health

 How is Legacy Reserves'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 Legacy Reserves's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Legacy Reserves's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Legacy Reserves's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Legacy Reserves'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.
  • Legacy Reserves has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Legacy Reserves Company Filings, last reported 3 months ago.

DB:LRTI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -250.99 1,289.98 5.95
2018-03-31 -201.11 1,296.95
2017-12-31 -271.69 1,346.77 1.25
2017-09-30 -247.22 1,330.80 7.55
2017-06-30 -214.29 1,180.14 1.21
2017-03-31 -204.84 1,148.59 1.86
2016-12-31 -222.08 1,161.39 2.56
2016-09-30 -118.95 1,161.44 2.03
2016-06-30 -116.11 1,173.01 1.14
2016-03-31 -72.74 1,242.77 5.27
2015-12-31 -179.68 1,429.63 2.01
2015-09-30 177.97 1,455.77 1.63
2015-06-30 295.51 967.10 3.66
2015-03-31 362.21 968.98 3.45
2014-12-31 637.21 940.96 0.73
2014-09-30 710.96 1,199.23 3.00
2014-06-30 680.98 1,153.69 10.14
2014-03-31 477.03 891.15 2.97
2013-12-31 510.40 878.69 2.58
2013-09-30 589.92 844.31 4.05
2013-06-30 625.72 852.87 3.99
2013-03-31 635.63 778.09 2.34
2012-12-31 670.28 775.84 3.51
2012-09-30 476.98 452.00 4.37
2012-06-30 526.96 439.00 3.58
2012-03-31 469.70 333.00 2.58
2011-12-31 488.34 337.00 3.15
  • Legacy Reserves has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Legacy Reserves's debt level has increased considering it has negative shareholder equity.
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.

  • Legacy Reserves has less than a year of cash runway based on current financial obligations.
  • Legacy Reserves has less than a year of cash runway if financial obligations continue to grow at historical rates of 17% each year.
X
Financial health checks
We assess Legacy Reserves'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. Legacy Reserves has a total score of 0/6, 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.

Dividends

 What is Legacy Reserves'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 Legacy Reserves dividends. Estimated to be 0.5% next year.
If you bought €2,000 of Legacy Reserves 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 Legacy Reserves's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Legacy Reserves'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:LRTI 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 2 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 59 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 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:LRTI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.08 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00
DB:LRTI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-01 0.000 0.000
2017-08-04 0.000 0.000
2017-08-03 0.000 0.000
2017-05-03 0.000 0.000
2017-02-22 0.000 0.000
2016-11-02 0.000 0.000
2016-08-03 0.000 0.000
2016-05-04 0.000 0.000
2016-02-26 0.000 0.000
2016-02-24 0.000 0.000
2015-01-23 2.440 68.347
2014-10-20 2.440 17.006
2014-07-22 2.440 8.584
2014-04-22 2.380 8.269
2014-01-24 2.360 9.014
2013-10-22 2.340 8.491
2013-07-22 2.320 8.506
2013-04-22 2.300 8.563
2013-01-22 2.280 8.652
2012-10-22 2.260 9.107
2012-07-23 2.240 8.016
2012-04-19 2.220 8.389
2012-01-20 2.200 7.586
2011-10-21 2.180 7.835
2011-07-25 2.160 7.990
2011-04-20 2.120 7.066
2011-01-18 2.100 6.882
2010-10-21 2.080 7.686
2010-07-21 2.080 8.529
2010-04-22 2.080 9.166
2010-01-19 2.080 9.596
2009-10-22 2.080 11.295
2009-07-23 2.080 12.964
2009-04-23 2.080 16.525
2009-01-20 2.080 19.545
2008-10-23 2.080 22.259
2008-10-14 2.080 15.076

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

  • Unable to perform a dividend volatility check as Legacy Reserves has not reported any payouts.
  • Unable to verify if Legacy Reserves's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Legacy Reserves's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Legacy Reserves has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Legacy Reserves's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Legacy Reserves'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 Legacy Reserves afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Legacy Reserves 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.

Management

 What is the CEO of Legacy Reserves'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
Paul Horne, image provided by Google.
Paul Horne
COMPENSATION $4,262,013
AGE 56
TENURE AS CEO 3.6 years
CEO Bio

Mr. Paul T. Horne has been the Chief Executive Officer of Legacy Reserves GP LLC, the General Partner of Legacy Reserves LP since March 1, 2015 and as its Chairman of the Board since May 12, 2016. He served as President of Legacy Reserves GP LLC, the General Partner of Legacy Reserves LP from March 1, 2015 to March 1, 2018. Mr. Horne served as Chief Operating Officer and Executive Vice President of Legacy Reserves GP LLC from March 16, 2012 to March 1, 2015. He served as Executive Vice President of Operations of Legacy Reserves GP LLC, a General Partner of Legacy Reserves LP from October, 2005 to March 2012. Since January 2000 until October 2005, Mr. Horne has also been Operations Manager of Moriah Resources, Inc. Mr. Horne served as Vice President of Operations of Legacy Reserves GP LLC. since October 2005. From January 1985 to January 2000, Mr. Horne served for Mobil E&P U.S. Inc. in a variety of petroleum engineering and operations management roles primarily in the Permian Basin. He has been a Director of Legacy Reserves GP LLC since December 2014. Mr. Horne has a Bachelor of Science in Petroleum Engineering, with honors, from Texas A&M University.

CEO Compensation
  • Paul's compensation has increased whilst company is loss making.
  • Paul's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Legacy Reserves management team in years:

5
Average Tenure
56
Average Age
  • The average tenure for the Legacy Reserves management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paul Horne

TITLE
Chairman & CEO of Legacy Reserves GP
COMPENSATION
$4M
AGE
56
TENURE
3.6 yrs

Dan Westcott

TITLE
President & CFO of Legacy Reserves GP
COMPENSATION
$3M
AGE
38
TENURE
0.6 yrs

Kyle Hammond

TITLE
Executive VP & COO of Legacy Reserves GP
COMPENSATION
$2M
AGE
57
TENURE
3.6 yrs

Dan LeRoy

TITLE
VP, General Counsel & Secretary of Legacy Reserves GP LLC
COMPENSATION
$960K
AGE
56
TENURE
6.4 yrs

Kyle McGraw

TITLE
Executive VP & Chief Development Officer
COMPENSATION
$2M
AGE
58
TENURE
6.6 yrs

Micah Foster

TITLE
Chief Accounting Officer & Controller of Legacy Reserves GP
AGE
38
TENURE
6.5 yrs
Board of Directors Tenure

Average tenure and age of the Legacy Reserves board of directors in years:

10.8
Average Tenure
61
Average Age
  • The average tenure for the Legacy Reserves board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Paul Horne

TITLE
Chairman & CEO of Legacy Reserves GP
COMPENSATION
$4M
AGE
56
TENURE
2.4 yrs

Kyle Vann

TITLE
Lead Independent Director of Legacy Reserves GP
COMPENSATION
$207K
AGE
71
TENURE
2.4 yrs

G. Lawrence

TITLE
Director of Legacy Reserves GP
COMPENSATION
$187K
AGE
66
TENURE
12.4 yrs

Bill Granberry

TITLE
Director of Legacy Reserves GP
COMPENSATION
$178K
AGE
75
TENURE
10.8 yrs

Cary Brown

TITLE
Director of Legacy Reserves GP
COMPENSATION
$146K
AGE
51
TENURE
13 yrs

Doug York

TITLE
Director
AGE
56
Who owns this company?
Recent Insider Trading
  • Legacy Reserves insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
12. Oct 18 Buy Baines Creek Capital, LLC Company 10. Oct 18 12. Oct 18 50,000 $251,000.00
05. Oct 18 Buy Baines Creek Capital, LLC Company 05. Oct 18 05. Oct 18 50,000 $252,000.00
26. Sep 18 Sell Paul Horne Individual 24. Sep 18 24. Sep 18 -563,551 $-2,637,418.68
26. Sep 18 Sell Kyle McGraw Individual 24. Sep 18 24. Sep 18 -176,957 $-828,158.76
26. Sep 18 Sell Micah Foster Individual 24. Sep 18 24. Sep 18 -54,605 $-255,551.40
26. Sep 18 Sell Dan LeRoy Individual 24. Sep 18 24. Sep 18 -66,488 $-311,163.84
26. Sep 18 Sell Kyle Hammond Individual 24. Sep 18 24. Sep 18 -360,866 $-1,688,852.88
26. Sep 18 Sell James Westcott Individual 24. Sep 18 24. Sep 18 -301,648 $-1,411,712.64
X
Management checks
We assess Legacy Reserves'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. Legacy Reserves 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.

News

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Company Info

Map
Description

Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. Its operations focus on the horizontal development of unconventional plays in the Permian Basin and the management of shallow-decline oil and natural gas wells in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions. The company holds interests in 51,500 gross acres; and operates 695 horizontal drilling locations, as well as has proved reserves of 180.0 MMBoe. Legacy Reserves Inc. was founded in 2005 and is based in Midland, Texas.

Details
Name: Legacy Reserves Inc.
LRTI
Exchange: DB
Founded: 2005
$460,446,455
106,200,000
Website: http://www.legacylp.com
Address: Legacy Reserves Inc.
303 West Wall Street,
Suite 1800,
Midland,
Texas, 79701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LGCY Common Shares Nasdaq Global Select US USD 12. Jan 2007
DB LRTI Common Shares Deutsche Boerse AG DE EUR 12. Jan 2007
Number of employees
Current staff
Staff numbers
331
Legacy Reserves employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/13 18:52
End of day share price update: 2018/09/20 00:00
Last estimates confirmation: 2018/10/04
Last earnings filing: 2018/08/07
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.