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Montage Resources

DB:EPWA
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EPWA
DB
$79M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Montage Resources Corporation operates as an oil and natural gas exploration and production company in the United States. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Montage Resources has significant price volatility in the past 3 months.
EPWA Share Price and Events
7 Day Returns
-13.6%
DB:EPWA
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-86.1%
DB:EPWA
21.9%
DE Oil and Gas
-17.7%
DE Market
EPWA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Montage Resources (EPWA) -13.6% -32.5% -71.8% -86.1% - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • EPWA underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • EPWA underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
EPWA
Industry
5yr Volatility vs Market

Value

 Is Montage Resources 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 Montage Resources. This is due to cash flow or dividend data being unavailable. The share price is €1.85.
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 Montage Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Montage Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EPWA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.92
NYSE:MR Share Price ** NYSE (2020-03-30) in USD $2.2
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Montage Resources.

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

= NYSE:MR Share Price ÷ EPS (both in USD)

= 2.2 ÷ 0.92

2.4x

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

  • Montage Resources is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Montage Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Montage Resources's expected growth come at a high price?
Raw Data
DB:EPWA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-52%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.4x ÷ -52%

-0.05x

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

  • Montage Resources earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Montage Resources's assets?
Raw Data
DB:EPWA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $27.87
NYSE:MR Share Price * NYSE (2020-03-30) in USD $2.2
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:EPWA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MR Share Price ÷ Book Value per Share (both in USD)

= 2.2 ÷ 27.87

0.08x

* Primary Listing of Montage Resources.

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

  • Montage Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Montage Resources'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. Montage Resources has a total score of 3/6, 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 Montage Resources expected to perform in the next 1 to 3 years based on estimates from 5 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
-52%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Montage Resources expected to grow at an attractive rate?
  • Montage Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Montage Resources's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Montage Resources's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EPWA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EPWA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -52%
DB:EPWA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -9.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:EPWA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EPWA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 494 173 28 1
2022-12-31 432 162 -10 1
2021-12-31 488 149 -26 3
2020-12-31 539 184 -5 4
2020-03-30
DB:EPWA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 634 255 30
2019-09-30 632 308 53
2019-06-30 598 257 51
2019-03-31 546 213 8
2018-12-31 515 225 19
2018-09-30 448 119 -31
2018-06-30 409 98 -51
2018-03-31 392 88 -21
2017-12-31 384 113 9
2017-09-30 363 122 -40
2017-06-30 326 89 -50
2017-03-31 287 54 -134

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Montage Resources's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Montage Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:EPWA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Montage Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EPWA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.78 0.78 0.78 1.00
2022-12-31 -0.28 -0.28 -0.28 1.00
2021-12-31 -0.91 0.25 -1.72 4.00
2020-12-31 -0.16 0.80 -0.93 5.00
2020-03-30
DB:EPWA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.92
2019-09-30 1.81
2019-06-30 2.02
2019-03-31 0.35
2018-12-31 0.94
2018-09-30 -1.59
2018-06-30 -2.76
2018-03-31 -1.16
2017-12-31 0.49
2017-09-30 -2.32
2017-06-30 -2.86
2017-03-31 -8.03

*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 Montage Resources will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Montage Resources'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.
Montage Resources 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 Montage Resources 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 Montage Resources'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.
  • Montage Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Montage Resources's 1-year earnings growth exceeds its 5-year average (61.7% vs 51.3%)
  • Montage Resources's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (61.7% vs -4.1%).
Earnings and Revenue History
Montage Resources'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 Montage Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EPWA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 634.44 30.45 58.56
2019-09-30 631.54 52.90 64.05
2019-06-30 598.37 51.38 64.55
2019-03-31 546.45 7.54 65.52
2018-12-31 515.15 18.83 62.33
2018-09-30 448.00 -30.78 63.11
2018-06-30 409.42 -51.48 64.97
2018-03-31 391.99 -20.95 67.22
2017-12-31 383.66 8.53 66.47
2017-09-30 363.49 -40.44 64.92
2017-06-30 326.42 -49.70 59.52
2017-03-31 287.29 -134.35 62.40
2016-12-31 235.03 -206.74 62.38
2016-09-30 217.03 -958.52 59.63
2016-06-30 233.73 -1,014.03 64.79
2016-03-31 261.11 -982.84 60.85
2015-12-31 255.32 -961.79 67.05
2015-09-30 239.81 -190.56 70.40
2015-06-30 204.34 -128.15 68.94
2015-03-31 156.84 -198.83 68.46
2014-12-31 137.82 -183.18 57.62
2014-09-30 95.01 -169.71 52.78
2014-06-30 63.82 -167.14 44.71
2014-03-31 37.44 -60.23 35.68
2013-12-31 12.94 -43.54 24.30

*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.
  • Montage Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Montage Resources used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Montage Resources 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 Montage Resources'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.
Montage Resources has a total score of 4/6, 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 Montage Resources'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 Montage Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Montage Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Montage Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Montage Resources'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 0.2x 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 Montage Resources Company Filings, last reported 2 months ago.

DB:EPWA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 997.09 630.54 12.06
2019-09-30 982.01 627.35 11.53
2019-06-30 976.84 626.66 9.45
2019-03-31 949.72 595.97 7.59
2018-12-31 687.49 530.28 5.96
2018-09-30 649.28 596.09 6.41
2018-06-30 643.36 556.40 12.05
2018-03-31 660.65 560.71 21.80
2017-12-31 572.35 495.02 17.22
2017-09-30 583.03 494.33 28.80
2017-06-30 597.31 493.64 97.08
2017-03-31 583.83 492.96 160.46
2016-12-31 556.61 492.28 201.23
2016-09-30 609.34 491.59 177.67
2016-06-30 510.22 490.99 114.06
2016-03-31 581.29 510.00 135.82
2015-12-31 620.55 527.25 184.41
2015-09-30 1,433.10 538.80 227.87
2015-06-30 1,513.01 430.00 257.62
2015-03-31 1,553.67 429.40 295.36
2014-12-31 1,152.71 408.75 67.52
2014-09-30 1,185.94 413.42 254.74
2014-06-30 1,205.79 412.82 493.42
2014-03-31 1,189.81 412.23 555.14
2013-12-31 667.97 389.25 109.51
  • Montage Resources's level of debt (63.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35.3% vs 63.2% today).
  • Debt is well covered by operating cash flow (40.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Montage Resources'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. Montage Resources 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.

Dividends

 What is Montage Resources'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 Montage Resources dividends. Estimated to be 0% next year.
If you bought €2,000 of Montage Resources 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 Montage Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Montage Resources'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:EPWA 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 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:EPWA 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 0.00 1.00
2020-03-30

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

  • Unable to perform a dividend volatility check as Montage Resources has not reported any payouts.
  • Unable to verify if Montage Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Montage Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Montage Resources has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Montage Resources's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Montage Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Montage Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Montage Resources 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 Montage Resources'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
John Reinhart
AGE 50
CEO Bio

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 September 9, 2016. Mr. Reinhart is a Director of Montage Resources Corporation. He has more than 22 years of experience in the oil and gas industry and the last 10 years focused in upstream exploration, development and production activities primarily in the Marcellus and Utica Shales in Ohio and West Virginia. He served as the Chief Operating Officer and Executive Vice President of Ascent Resources LLC from September 29, 2014 to April 2016. He served as the Chief Operating Officer of Ascent Resources - Utica, LLC (formerly known as, American Energy-Utica LLC) since September 29, 2014. He served as Chief Operating Officer of Ascent Resources - Marcellus, LLC since September 29, 2014. Mr. Reinhart served as a Senior Vice President of Operations & Technical Services at Chesapeake Energy Corporation since August 2013 until 2014 and served as its Senior Vice President of Operations. He worked at Chesapeake Energy Corporation for eight years. From 2006 to 2007, he served as a Senior Asset Manager in the Anadarko Basin region of the Southern Division and Senior Asset Manager in the Midcontinent Region of the Northern Division; from 2007 to 2009, he served as a Manager of Engineering Technology; from February 2009 to August 2013, he served as Vice President Operations - Eastern Division (where he led the start-up, growth and development of Chesapeake's Marcellus and Utica assets from initial gross operated production levels of 5 mmcfd in 2009 to over 2,500 mmcfd and 24,000 bopd, helping make Chesapeake the largest oil and natural gas producer in Appalachia) and from August 2013 to September 2014, he served as Senior Vice President of Operations and Technical Services (where he led a team of 1,400 employees who provided technical and operational services in Land, Supply Chain, Marketing and Operational/Technical Services that executed development strategies for its asset teams). Prior to Chesapeake, he worked at Schlumberger Limited for eleven years in various engineering and operational leadership roles. He earned a Bachelor of Science in Mechanical Engineering from West Virginia University in 1994.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Montage Resources management team in years:

4.9
Average Tenure
50
Average Age
  • The tenure for the Montage Resources management team is about average.
Management Team

John Reinhart

TITLE
President
AGE
50

Michael Hodges

TITLE
Executive VP & CFO
AGE
40

Oleg Tolmachev

TITLE
Executive VP & COO
AGE
44
TENURE
3.2 yrs

Timothy Loos

TITLE
Senior Vice President of Accounting & Finance
AGE
39
TENURE
0.8 yrs

Lawrence Gorski

TITLE
Vice President of Administration
AGE
65
TENURE
6.6 yrs

Douglas Kris

TITLE
Vice President of Investor Relations
TENURE
4.9 yrs

Paul Johnston

TITLE
Executive VP
AGE
64

Marty Byrd

TITLE
Senior Vice President of Land Department
AGE
62

Matt Rucker

TITLE
Executive Vice President of Resource Planning & Development
AGE
34

John Colling

TITLE
VP & Treasurer
AGE
62
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Montage Resources board of directors in years:

9.2
Average Tenure
61
Average Age
  • The tenure for the Montage Resources board of directors is about average.
Board of Directors

Randy Albert

TITLE
Chairman & Lead Independent Director
COMPENSATION
$243K
AGE
61
TENURE
0.3 yrs

John Reinhart

TITLE
President
AGE
50

Mark Burroughs

TITLE
Independent Director
AGE
43
TENURE
9.2 yrs

Richard Paterson

TITLE
Independent Director
COMPENSATION
$237K
AGE
68
TENURE
5.8 yrs

Gene Davis

TITLE
Independent Director
AGE
64

Marty Phillips

TITLE
Independent Director
AGE
65
TENURE
9.2 yrs

Bob Zorich

TITLE
Independent Director
AGE
69
TENURE
9.2 yrs

Doug Swanson

TITLE
Independent Director
AGE
47
TENURE
9.2 yrs

Don Dimitrievich

TITLE
Independent Director
AGE
48
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. May 19 Buy John Reinhart Individual 17. May 19 17. May 19 5,050 €8.87 €44,776
17. May 19 Buy Oleg Tolmachev Individual 15. May 19 15. May 19 2,400 €9.32 €22,376
17. May 19 Buy Michael Hodges Individual 17. May 19 17. May 19 1,000 €8.92 €8,922
X
Management checks
We assess Montage Resources'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. Montage Resources 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

Company Info

Description

Montage Resources Corporation operates as an oil and natural gas exploration and production company in the United States. As of December 31, 2019, it had an acreage position comprising approximately 233,800 net acres in Ohio and Pennsylvania; and had estimated proved reserves of 2,729.8 billion cubic feet of natural gas equivalent. The company was formerly known as Eclipse Resources Corporation and changed its name to Montage Resources Corporation in February 2019. Montage Resources Corporation was founded in 2011 and is based in Irving, Texas.

Details
Name: Montage Resources Corporation
EPWA
Exchange: DB
Founded: 2011
$71,441,680
35,826,888
Website: http://www.montageresources.com
Address: Montage Resources Corporation
122 West John Carpenter Freeway,
Suite 300,
Irving,
Texas, 75039,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MR Common Stock New York Stock Exchange US USD 23. Jun 2014
DB EPWA Common Stock Deutsche Boerse AG DE EUR 23. Jun 2014
Number of employees
Current staff
Staff numbers
236
Montage Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:41
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.