NYSE:MR

Stock Analysis Report

Executive Summary

Montage Resources Corporation operates as an oil and natural gas exploration and production company.

Snowflake

Fundamentals

Fair value with poor track record.


Similar Companies

Share Price & News

How has Montage Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

MR

-1.7%

US Oil and Gas

0.5%

US Market


1 Year Return

-79.5%

MR

-21.6%

US Oil and Gas

6.8%

US Market

Return vs Industry: MR underperformed the US Oil and Gas industry which returned -21.6% over the past year.

Return vs Market: MR underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

MRIndustryMarket
7 Day4.6%-1.7%0.5%
30 Day-10.8%-6.4%-0.8%
90 Day-13.0%-9.4%-0.9%
1 Year-79.5%-79.5%-18.7%-21.6%9.2%6.8%
3 Year-92.4%-92.4%-8.2%-16.4%45.6%36.2%
5 Year-97.9%-97.9%-24.8%-35.2%63.2%45.4%

Price Volatility Vs. Market

How volatile is Montage Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Montage Resources undervalued compared to its fair value and its price relative to the market?

1.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MR is good value based on its PE Ratio (1.8x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: MR is good value based on its PE Ratio (1.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: MR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MR is good value based on its PB Ratio (0.1x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Montage Resources forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MR's earnings are forecast to decline over the next 3 years (-3.4% per year).

Earnings vs Market: MR's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: MR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MR's revenue (0.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: MR's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MR's Return on Equity is forecast to be low in 3 years time (5.2%).


Next Steps

Past Performance

How has Montage Resources performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MR has become profitable over the past 5 years, growing earnings by 33.9% per year.

Accelerating Growth: MR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (22.6%).


Return on Equity

High ROE: MR's Return on Equity (5.3%) is considered low.


Return on Assets

ROA vs Industry: MR's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: MR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Montage Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MR's short term assets ($127.4M) do not cover its short term liabilities ($260.4M)

Long Term Liabilities: MR's short term assets (127.4M) do not cover its long term liabilities (683.0M)


Debt to Equity History and Analysis

Debt Level: MR's debt to equity ratio (64.2%) is considered high

Reducing Debt: MR's debt to equity ratio has increased from 34.2% to 64.2% over the past 5 years.

Debt Coverage: MR's debt is well covered by operating cash flow (41.1%).

Interest Coverage: MR's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Inventory Level: MR has a high level of physical assets or inventory.

Debt Coverage by Assets: MR's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Montage Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

John Reinhart (50yo)

0yrs

Tenure

0

Mr. John K. Reinhart is the President and Chief Executive Officer of Montage Resources Corporation. He has been the Chief Executive Officer and President at Blue Ridge Mountain Resources, Inc. since Septem ...


Management Age and Tenure

4.5yrs

Average Tenure

50yo

Average Age

Experienced Management: MR's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

8.8yrs

Average Tenure

57yo

Average Age

Experienced Board: MR's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$49,97320 May 19
John Reinhart
EntityIndividual
Role
Chief Executive Officer
President
Shares5,050
Max PriceUS$9.90
BuyUS$25,06817 May 19
Oleg Tolmachev
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares2,400
Max PriceUS$10.45
BuyUS$9,95817 May 19
Michael Hodges
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1,000
Max PriceUS$9.96
SellUS$2,08011 Dec 18
Richard Paterson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares133.33
Max PriceUS$15.60

Ownership Breakdown


Management Team

  • John Colling (62yo)

    VP & Treasurer

    • Tenure: 5.4yrs
  • Paul Johnston (64yo)

    Executive VP

    • Tenure: 0yrs
  • Marty Byrd (62yo)

    Senior Vice President of Land Department

    • Tenure: 0yrs
  • Lawrence Gorski (65yo)

    Vice President of Administration

    • Tenure: 6.2yrs
  • Michael Hodges (40yo)

    Executive VP & CFO

    • Tenure: 0yrs
  • John Reinhart (50yo)

    President

    • Tenure: 0yrs
  • Oleg Tolmachev (44yo)

    Executive VP & COO

    • Tenure: 2.8yrs
  • Timothy Loos (39yo)

    Senior Vice President of Accounting & Finance

    • Tenure: 0.3yrs
  • Douglas Kris

    Vice President of Investor Relations

    • Tenure: 4.5yrs
  • Matt Rucker (34yo)

    Executive Vice President of Resource Planning & Development

    • Tenure: 0yrs

Board Members

  • Mike Jennings (53yo)

    Independent Chairman

    • Tenure: 0yrs
  • Gene Davis (64yo)

    Independent Director

    • Tenure: 0yrs
  • Marty Phillips (65yo)

    Independent Director

    • Tenure: 8.8yrs
  • Bob Zorich (69yo)

    Independent Director

    • Tenure: 8.8yrs
  • Doug Swanson (47yo)

    Independent Director

    • Tenure: 8.8yrs
  • Randy Albert (61yo)

    Lead Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$242.59k
  • Mark Burroughs (43yo)

    Independent Director

    • Tenure: 8.8yrs
  • Richard Paterson (68yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$236.56k
  • John Reinhart (50yo)

    President

    • Tenure: 0yrs
  • Don Dimitrievich (48yo)

    Independent Director

    • Tenure: 0yrs

Company Information

Montage Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Montage Resources Corporation
  • Ticker: MR
  • Exchange: NYSE
  • Founded: 2011
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$129.253m
  • Shares outstanding: 35.71m
  • Website: https://www.montageresources.com

Number of Employees


Location

  • Montage Resources Corporation
  • 122 West John Carpenter Freeway
  • Suite 300
  • Irving
  • Texas
  • 75039
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2014
EPWADB (Deutsche Boerse AG)YesCommon StockDEEURJun 2014

Biography

Montage Resources Corporation operates as an oil and natural gas exploration and production company. As of December 31, 2018, it had an acreage position comprising approximately 241,000 net acres in Ohio a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:40
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.