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

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$0.27 -0.05 (-15.62 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$0.2701
Today's Range$0.2620 - $0.3311
52-Week Range$0.26 - $8.84
Volume1.07 million shs
Average Volume576,174 shs
Market Capitalization$31.01 million
P/E Ratio1.50
Dividend YieldN/A
Beta1.55
Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. It focuses on the horizontal development of unconventional plays in the Permian Basin and the management of shallow-decline oil and natural gas wells in the regions of Permian Basin, East Texas, Rocky Mountain, and Mid-Continent. As of December 31, 2018, the company had proved reserves of approximately 164.9 million barrels of crude oil equivalent covering natural gas, as well as oil and natural gas liquids. Legacy Reserves Inc. was founded in 2005 and is based in Midland, Texas.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:LGCY
CUSIPN/A
Phone432-689-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$554.86 million
Cash Flow$1.5888 per share
Book Value($6.88) per share

Profitability

Net Income$43.83 million

Miscellaneous

Employees337
Market Cap$31.01 million
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Legacy Reserves (NASDAQ:LGCY) Frequently Asked Questions

What is Legacy Reserves' stock symbol?

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

How were Legacy Reserves' earnings last quarter?

Legacy Reserves Inc (NASDAQ:LGCY) issued its earnings results on Monday, March, 18th. The oil and gas producer reported $0.04 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.06 by $0.02. The oil and gas producer earned $132.89 million during the quarter, compared to analysts' expectations of $146.80 million. Legacy Reserves had a negative net margin of 18.46% and a negative return on equity of 3.66%. View Legacy Reserves' Earnings History.

When is Legacy Reserves' next earnings date?

Legacy Reserves is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Legacy Reserves.

What is the consensus analysts' recommendation for Legacy Reserves?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Reserves in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Legacy Reserves.

Has Legacy Reserves been receiving favorable news coverage?

Media coverage about LGCY stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Legacy Reserves earned a media sentiment score of 1.9 on InfoTrie's scale. They also gave media headlines about the oil and gas producer a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are some of Legacy Reserves' key competitors?

What other stocks do shareholders of Legacy Reserves own?

Who are Legacy Reserves' key executives?

Legacy Reserves' management team includes the folowing people:
  • Mr. James Daniel Westcott, CEO & Director (Age 39)
  • Mr. Kyle M. Hammond, Pres, COO & Exec. VP (Age 58)
  • Mr. Robert L. Norris, Chief Financial Officer
  • Mr. Micah C. Foster, Chief Accounting Officer & Controller of Legacy Reserves GP, LLC (Age 39)
  • Mr. Cory J. Elliott, Chief Information Officer

Who are Legacy Reserves' major shareholders?

Legacy Reserves' stock is owned by a number of of institutional and retail investors. Top institutional investors include Baines Creek Capital LLC (21.50%), Morgan Stanley (0.27%), BlackRock Inc. (0.23%), Northern Trust Corp (0.13%), Virtu Financial LLC (0.08%) and Jefferies Group LLC (0.04%). Company insiders that own Legacy Reserves stock include Baines Creek Capital, Llc, Dan G Leroy, James Daniel Westcott, Kyle A Mcgraw, Kyle Hammond, Micah C Foster and Paul T Horne. View Institutional Ownership Trends for Legacy Reserves.

Which major investors are selling Legacy Reserves stock?

LGCY stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley. 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.

Which major investors are buying Legacy Reserves stock?

LGCY stock was acquired by a variety of institutional investors in the last quarter, including Baines Creek Capital LLC, BlackRock Inc., Northern Trust Corp, Virtu Financial LLC and Jefferies Group LLC. View Insider Buying and Selling for Legacy Reserves.

How do I buy shares of 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.

What is Legacy Reserves' stock price today?

One share of LGCY stock can currently be purchased for approximately $0.2701.

How big of a company is Legacy Reserves?

Legacy Reserves has a market capitalization of $31.01 million and generates $554.86 million in revenue each year. The oil and gas producer earns $43.83 million in net income (profit) each year or $0.18 on an earnings per share basis. Legacy Reserves employs 337 workers across the globe.

What is Legacy Reserves' official website?

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

How can I contact Legacy Reserves?

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.


MarketBeat Community Rating for Legacy Reserves (NASDAQ LGCY)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  280 (Vote Outperform)
Underperform Votes:  337 (Vote Underperform)
Total Votes:  617
MarketBeat's community ratings are surveys of what our community members think about Legacy Reserves and other stocks. Vote "Outperform" if you believe LGCY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LGCY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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