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Tengasco

AMEX:TGC
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGC
AMEX
$12M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Tengasco, Inc., together with its subsidiaries, explores for and produces oil and natural gas in the United States. The last earnings update was 29 days ago. More info.


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TGC Share Price and Events
7 Day Returns
6.7%
AMEX:TGC
1.8%
US Oil and Gas
0.9%
US Market
1 Year Returns
40.3%
AMEX:TGC
-4.9%
US Oil and Gas
9.6%
US Market
TGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tengasco (TGC) 6.7% 11% 22.7% 40.3% -19.6% -77.8%
US Oil and Gas 1.8% 4.7% 10.9% -4.9% 3.6% -26.4%
US Market 0.9% 4.6% 10.9% 9.6% 39% 47.2%
1 Year Return vs Industry and Market
  • TGC outperformed the Oil and Gas industry which returned -4.9% over the past year.
  • TGC outperformed the Market in United States of America which returned 9.6% over the past year.
Price Volatility
TGC
Industry
5yr Volatility vs Market

Value

 Is Tengasco 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
Here we compare the current share price of Tengasco to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tengasco.

AMEX:TGC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:TGC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 21%) (1.05%))
0.963
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.963 * 5.96%)
8.47%

Discounted Cash Flow Calculation for AMEX:TGC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tengasco is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AMEX:TGC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.47%)
2019 1.32 Est @ 91.19% 1.22
2020 2.18 Est @ 64.65% 1.85
2021 3.18 Est @ 46.08% 2.49
2022 4.23 Est @ 33.07% 3.06
2023 5.25 Est @ 23.97% 3.50
2024 6.17 Est @ 17.6% 3.79
2025 6.98 Est @ 13.14% 3.95
2026 7.68 Est @ 10.02% 4.01
2027 8.29 Est @ 7.83% 3.99
2028 8.81 Est @ 6.3% 3.91
Present value of next 10 years cash flows $31.76
AMEX:TGC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $8.81 × (1 + 2.73%) ÷ (8.47% – 2.73%)
$157.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $157.64 ÷ (1 + 8.47%)10
$69.92
AMEX:TGC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $31.76 + $69.92
$101.68
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $101.68 / 10.64
$9.55
AMEX:TGC Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.55
Current discount Discount to share price of $1.11
= -1 x ($1.11 - $9.55) / $9.55
88.4%

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

Current Discount
Amount off the current price Tengasco is available for.
Intrinsic value
>50%
Share price is $1.11 vs Future cash flow value of $9.55
Current Discount Checks
For Tengasco to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tengasco's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tengasco's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Tengasco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tengasco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:TGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.04
AMEX:TGC Share Price ** AMEX (2019-04-25) in USD $1.11
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 13.3x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.28x

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

** Primary Listing of Tengasco.

AMEX:TGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.11 ÷ 0.04

26.69x

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

  • Tengasco is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Tengasco is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tengasco's expected growth come at a high price?
Raw Data
AMEX:TGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.6x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.57x

*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 Tengasco, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tengasco's assets?
Raw Data
AMEX:TGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.64
AMEX:TGC Share Price * AMEX (2019-04-25) in USD $1.11
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
AMEX:TGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.11 ÷ 0.64

1.75x

* Primary Listing of Tengasco.

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

  • Tengasco is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Tengasco'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. Tengasco has a total score of 2/6, 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 Tengasco expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tengasco has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
10.5%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tengasco expected to grow at an attractive rate?
  • Unable to compare Tengasco's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tengasco's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Tengasco's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:TGC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
AMEX:TGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:TGC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6 1 0
2018-09-30 6 1 1
2018-06-30 6 1 0
2018-03-31 5 0 0
2017-12-31 5 0 -1
2017-09-30 5 0 -1
2017-06-30 5 0 -2
2017-03-31 5 0 -3
2016-12-31 5 -1 -4
2016-09-30 5 -1 -23
2016-06-30 5 -1 -27
2016-03-31 5 -1 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tengasco is high growth as no earnings estimate data is available.
  • Unable to determine if Tengasco is high growth as no revenue estimate data is available.
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
AMEX:TGC 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 0 Analyst Estimates (S&P Global) See Below

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

AMEX:TGC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.04
2018-09-30 0.07
2018-06-30 0.01
2018-03-31 -0.03
2017-12-31 -0.06
2017-09-30 -0.11
2017-06-30 -0.20
2017-03-31 -0.44
2016-12-31 -0.69
2016-09-30 -3.80
2016-06-30 -4.46
2016-03-31 -4.21

*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 Tengasco will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Tengasco's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Tengasco's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Tengasco's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tengasco'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Tengasco has a total score of 0/6, 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 Tengasco 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 Tengasco'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.
  • Tengasco's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Tengasco has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Tengasco has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
Tengasco'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 Tengasco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:TGC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5.87 0.44 1.25
2018-09-30 6.38 0.72 1.21
2018-06-30 5.76 0.06 1.19
2018-03-31 5.42 -0.27 1.17
2017-12-31 4.68 -0.60 1.17
2017-09-30 4.60 -1.02 1.13
2017-06-30 4.80 -1.57 1.21
2017-03-31 4.95 -2.97 1.24
2016-12-31 4.67 -4.20 1.41
2016-09-30 4.66 -23.11 1.64
2016-06-30 4.85 -27.16 1.88
2016-03-31 5.46 -25.61 2.02
2015-12-31 6.16 -24.72 2.07
2015-09-30 7.64 -7.57 2.20
2015-06-30 9.83 -2.18 2.31
2015-03-31 11.92 -1.73 2.57
2014-12-31 13.79 -0.79 2.71
2014-09-30 14.59 1.87 2.68
2014-06-30 15.00 1.97 2.45
2014-03-31 14.89 2.40 2.24
2013-12-31 15.70 2.96 2.06
2013-09-30 16.79 3.18 1.81
2013-06-30 18.56 3.92 2.23
2013-03-31 19.91 4.27 2.37
2012-12-31 20.56 4.24 2.61
2012-09-30 20.25 5.83 2.83
2012-06-30 18.80 5.74 2.44

*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.
  • Tengasco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tengasco used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Tengasco has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Tengasco'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.
Tengasco has a total score of 1/6, 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 Tengasco'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 Tengasco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tengasco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tengasco's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tengasco'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 covered by short term assets, assets are 35.1x 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 Tengasco Company Filings, last reported 3 months ago.

AMEX:TGC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.77 0.12 3.12
2018-09-30 6.83 0.14 3.40
2018-06-30 6.53 0.17 3.24
2018-03-31 6.42 0.16 2.92
2017-12-31 5.18 0.09 0.19
2017-09-30 5.04 0.09 0.29
2017-06-30 5.35 0.10 0.13
2017-03-31 5.59 0.09 0.23
2016-12-31 3.28 2.50 0.08
2016-09-30 3.53 2.29 0.03
2016-06-30 4.44 2.44 0.07
2016-03-31 6.06 2.39 0.03
2015-12-31 7.46 1.01 0.04
2015-09-30 26.63 1.17 0.07
2015-06-30 31.58 0.92 0.06
2015-03-31 31.66 0.98 0.08
2014-12-31 32.17 0.89 0.04
2014-09-30 34.18 0.93 0.14
2014-06-30 33.75 2.03 0.03
2014-03-31 33.36 2.30 0.04
2013-12-31 32.93 3.46 0.05
2013-09-30 32.29 3.19 0.02
2013-06-30 31.80 6.64 0.15
2013-03-31 31.02 8.38 0.08
2012-12-31 30.13 10.35 0.03
2012-09-30 33.35 11.62 0.06
2012-06-30 32.11 14.26 0.06
  • Tengasco's level of debt (1.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.5% vs 1.8% today).
  • Debt is well covered by operating cash flow (1078.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 48x coverage).
X
Financial health checks
We assess Tengasco'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. Tengasco has a total score of 6/6, 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 Tengasco'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 Tengasco dividends.
If you bought $2,000 of Tengasco 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 Tengasco's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tengasco'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
AMEX:TGC 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 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Tengasco has not reported any payouts.
  • Unable to verify if Tengasco's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tengasco's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tengasco 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 Tengasco'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 Tengasco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tengasco 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 Tengasco'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
Mike Rugen
COMPENSATION $228,613
AGE 58
TENURE AS CEO 5.8 years
CEO Bio

Mr. Michael J. Rugen, also known as Mike, serves as Chief Executive Officer at Tengasco Inc. Mr. Rugen served as Interim Chief Executive Officer at Tengasco Inc. since June 28, 2013. Mr. Rugen has been Chief Financial Officer of Tengasco Inc. since September 28, 2009. He serves as President of Tengasco Pipeline Corporation at Tengasco Inc. He is a Certified Public Accountant (Texas) and has been involved in the financial aspects of the oil and gas business since 1982. From 1982 to 1998, Mr. Rugen served in a variety of accounting and financial capacities at BHP Petroleum in Houston and Denver, culminating in service as Finance Manager of the Producing Asset team with responsibility for the Gulf of Mexico and Bolivian financial operations of this international company. From 1999 to 2007, he provided financial consulting services with Jefferson Wells International and UHY Advisors in Houston and from 2007 to 2009 served as a Vice President, Accounting and Finance of Nighthawk Oilfield Services in Houston. Mr. Rugen holds a Bachelor of Science, Business and Accounting from Indiana University.

CEO Compensation
  • Mike's compensation has increased in line with Tengasco recently becoming profitable.
  • Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Mike Rugen

TITLE
Interim CEO & CFO
COMPENSATION
$229K
AGE
58
TENURE
5.8 yrs

Cary Sorensen

TITLE
VP, General Counsel & Secretary
COMPENSATION
$91K
AGE
69
TENURE
19.8 yrs
Board of Directors Tenure

Average tenure and age of the Tengasco board of directors in years:

12.1
Average Tenure
62
Average Age
  • The average tenure for the Tengasco board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Salas

TITLE
Chairman
COMPENSATION
$14K
AGE
64
TENURE
14.5 yrs

Matt Behrent

TITLE
Director
COMPENSATION
$14K
AGE
48
TENURE
12.1 yrs

Richard Thon

TITLE
Independent Director
COMPENSATION
$14K
AGE
62
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Tengasco'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. Tengasco 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

Simply Wall St News

With A 6.5% Return On Equity, Is Tengasco, Inc. (NYSEMKT:TGC) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Tengasco has a return on equity of 6.5% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Tengasco, Inc.’s (NYSEMKT:TGC) Return On Capital Employed Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … First up, we'll look at what ROCE is and how we calculate it. … What is Return On Capital Employed (ROCE)?

Simply Wall St -

Is Tengasco, Inc.'s (NYSEMKT:TGC) 10% ROE Strong Compared To Its Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Tengasco has a return on equity of 10% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Tengasco Inc's (NYSEMKT:TGC) CEO Salary Compare Well With Others?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mike Rugen's Compensation Compare With Similar Sized Companies. … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO compensation to be US$290k

Simply Wall St -

With An ROE Of 0.092%, Can Tengasco Inc (NYSEMKT:TGC) Catch Up To The Industry?

and want to learn about Return on Equity using a real-life example. … Tengasco Inc (NYSEMKT:TGC) generated a below-average return on equity of 0.092% in the past 12 months, while its industry returned 10.72%. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into TGC's past performance.

Simply Wall St -

Is Tengasco Inc's (NYSEMKT:TGC) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Tengasco Inc (NYSEMKT:TGC) with its market cap of US$6.49m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

One Thing To Consider Before Buying Tengasco Inc (NYSEMKT:TGC)

Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … Based on this beta value, TGC appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … How TGC's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Is Tengasco Inc (NYSEMKT:TGC) A Financially Sound Company?

How does TGC’s operating cash flow stack up against its debt? … Additionally, TGC has produced US$154.00K in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 171.11%, indicating that TGC’s operating cash is sufficient to cover its debt. … Investors' risk associated with debt is virtually non-existent with TGC, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: TGC has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

Simply Wall St -

Is Tengasco Inc's (NYSEMKT:TGC) CEO Incentives Align With Yours?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … AMEX:TGC Past Future Earnings Mar 27th 18 Is TGC's CEO overpaid relative to the market? … Usually I would use earnings and market cap to account for variations in performance, however, TGC's negative earnings reduces the usefulness of my formula.

Simply Wall St -

What Does Tengasco Inc's (NYSEMKT:TGC) Ownership Structure Look Like?

View our latest analysis for Tengasco AMEX:TGC Ownership_summary Mar 8th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Generally, an institutional ownership of 3.46%, in the case of TGC, should not concern investors in terms of high stock volatility. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Company Info

Description

Tengasco, Inc., together with its subsidiaries, explores for and produces oil and natural gas in the United States. It primarily holds interests in the oil and gas properties located in Kansas. As of December 31, 2017, the company had 175 producing oil wells, 20 shut-in wells, and 38 active disposal wells. It also operates treatment and delivery facilities in Church Hill, Tennessee for the extraction of methane gas from a landfill for sale as natural gas and for the generation of electricity. The company was formerly known as Onasco Companies, Inc. and changed its name to Tengasco, Inc. in 1995. Tengasco, Inc. was founded in 1916 and is headquartered in Greenwood Village, Colorado.

Details
Name: Tengasco, Inc.
TGC
Exchange: AMEX
Founded: 1916
$11,815,119
10,644,252
Website: http://www.tengasco.com
Address: Tengasco, Inc.
8000 East Maplewood Avenue,
Suite 130,
Greenwood Village,
Colorado, 80111,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX TGC Common Stock NYSE MKT LLC US USD 27. May 1992
DB T7UA Common Stock Deutsche Boerse AG DE EUR 27. May 1992
Number of employees
Current staff
Staff numbers
12
Tengasco employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 01:47
End of day share price update: 2019/04/25 00:00
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
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.