Legacy Reserves Inc.
Looking at recent financials and our FRISK® score, we're hardly gushing over oil and gas operator Legacy Reserves Inc.
The company is engaged in the development, production and acquisition of oil and natural gas properties, with operating regions that include the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the U.S. Legacy Reserves' FRISK® score - which combines stock market volatlity data, financial ratios, bond agency ratings and subscriber crowdsourcing into one holistic measure for financial risk in a publicly traded company - pegs the company at its bottom-rung ranking of "1."
This High Risk Report will provide some penetrating insights about Legacy Reserves Inc.'s descent into a debt-laden existence - and while they continue to operate, you can consider this 11-page PDF your guide to sidestepping risk in a dangerous oil and gas outfit.
Download the free report to learn more.
About High Risk Reports
CreditRiskMonitor’s High Risk Reports feature companies that are exhibiting a significantly high level of financial distress, as indicated by our proprietary FRISK® score.
The reports highlight the factors that have pushed a company's score lower on the "1" (worst) to "10" (best) FRISK® score, which is 96% accurate in predicting bankruptcy over a 12-month period. The High Risk Reports also includes analysis on financial indicators such as the company’s DBT index, stock performance, financial ratios and how it is performing relative to its industry peers.
The ultimate goal of the High Risk Report series is two-part: provide an early warning for those doing business with an increasingly distressed company and inform of the many signals that should be examined when assessing financial risks.