NASDAQ:LGCY - Legacy Reserves Stock Price, News, & Analysis

Legacy Reserves trades on the NASDAQ under the ticker symbol "LGCY."

Legacy Reserves Inc (NASDAQ:LGCY) announced its quarterly earnings results on Wednesday, October, 31st. The oil and gas producer reported ($0.46) EPS for the quarter, missing the consensus estimate of $0.23 by $0.69. The oil and gas producer had revenue of $145.21 million for the quarter, compared to analysts' expectations of $143.40 million. Legacy Reserves had a negative net margin of 10.64% and a negative return on equity of 1.87%. View Legacy Reserves' Earnings History.

Legacy Reserves is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for Legacy Reserves.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Reserves in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Legacy Reserves.

Media headlines about LGCY stock have been trending very positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Legacy Reserves earned a media sentiment score of 3.9 on InfoTrie's scale. They also gave headlines about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

Legacy Reserves saw a increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,637,176 shares, an increase of 49.0% from the October 31st total of 1,098,917 shares. Based on an average daily volume of 546,553 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.3% of the shares of the stock are sold short. View Legacy Reserves' Current Options Chain.

Some companies that are related to Legacy Reserves include Comstock Resources (CRK), W&T Offshore (WTI), Resolute Energy (REN), HighPoint Resources (HPR), NOSTRUM OIL & G/ADR (NSTRY), Dorchester Minerals (DMLP), Hess Midstream Partners (HESM), Bonanza Creek Energy (BCEI), Kimbell Royalty Partners (KRP), Chaparral Energy (CHAP), Earthstone Energy (ESTE), Halcon Resources (HK), SandRidge Energy (SD), Isramco (ISRL) and Eclipse Resources (ECR).

Legacy Reserves' stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (13.65%), Hennessy Advisors Inc. (0.82%), Morgan Stanley (0.32%), Blair William & Co. IL (0.19%), Blackstone Group L.P. (0.09%) and JPMorgan Chase & Co. (0.07%). Company insiders that own Legacy Reserves stock include Baines Creek Capital, Llc, Cary D Brown, Dan G Leroy, James Daniel Westcott, Kyle A Mcgraw, Kyle D Vann, Kyle Hammond, Micah C Foster and Paul T Horne. View Institutional Ownership Trends for Legacy Reserves.

LGCY stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc.. Company insiders that have sold Legacy Reserves company stock in the last year include Dan G Leroy, James Daniel Westcott, Kyle A Mcgraw, Kyle Hammond, Micah C Foster and Paul T Horne. View Insider Buying and Selling for Legacy Reserves.

LGCY stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, Blair William & Co. IL, Blackstone Group L.P., JPMorgan Chase & Co., GSA Capital Partners LLP and Wells Fargo & Company MN. Company insiders that have bought Legacy Reserves stock in the last two years include Baines Creek Capital, Llc and Kyle D Vann. View Insider Buying and Selling for Legacy Reserves.

Shares of LGCY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of LGCY stock can currently be purchased for approximately $1.82.

Legacy Reserves has a market capitalization of $208.63 million and generates $436.30 million in revenue each year. The oil and gas producer earns $-53,890,000.00 in net income (profit) each year or ($0.50) on an earnings per share basis. Legacy Reserves employs 331 workers across the globe.

The official website for Legacy Reserves is http://www.legacylp.com.

Legacy Reserves' mailing address is 303 W. Wall Street Suite 1800, MIDLAND TX, 79701. The oil and gas producer can be reached via phone at 432-689-5200.