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

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$0.54 -0.01 (-1.82 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$0.55
Today's Range$0.54 - $0.62
52-Week Range$0.38 - $10.54
Volume3.94 million shs
Average Volume1.34 million shs
Market Capitalization$57.48 million
P/E Ratio3.00
Dividend YieldN/A
Beta1.71
Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. Its operations focus on the horizontal development of unconventional plays in the Permian Basin and the management of shallow-decline oil and natural gas wells in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions. The company holds interests in 51,500 gross acres; and operates 695 horizontal drilling locations, as well as has proved reserves of 180.0 MMBoe. 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$1.80 per share
Book Value($6.88) per share

Profitability

Net Income$-53,890,000.00

Miscellaneous

EmployeesN/A
Market Cap$57.48 million
Next Earnings Date5/1/2019 (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) posted its quarterly earnings results on Wednesday, October, 31st. The oil and gas producer reported ($0.46) EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.69. The oil and gas producer had revenue of $145.21 million for the quarter, compared to the consensus estimate of $143.40 million. Legacy Reserves had a negative return on equity of 3.66% and a net margin of 7.90%. 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, May 1st 2019. View Earnings Estimates for Legacy Reserves.

What is the consensus analysts' recommendation 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.

Has Legacy Reserves been receiving favorable news coverage?

News coverage about LGCY stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Legacy Reserves earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Are investors shorting Legacy Reserves?

Legacy Reserves saw a increase in short interest in February. As of February 28th, there was short interest totalling 5,822,268 shares, an increase of 32.0% from the February 15th total of 4,412,349 shares. Based on an average daily volume of 1,103,043 shares, the short-interest ratio is currently 5.3 days. Currently, 6.2% of the shares of the stock are short sold. View Legacy Reserves' Current Options Chain.

Who are some of Legacy Reserves' key competitors?

What other stocks do shareholders of Legacy Reserves own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Legacy Reserves investors own include General Electric (GE), BreitBurn Energy Partners (BBEPQ), Memorial Production Partners (MEMP), Energy Transfer LP Unit (ET), Kinder Morgan (KMI), Opko Health (OPK), Seadrill (SDRL), Northern Tier Energy (NTi), Micron Technology (MU) and AT&T (T).

Who are Legacy Reserves' key executives?

Legacy Reserves' management team includes the folowing people:
  • Mr. Paul T. Horne, Chairman & CEO (Age 57)
  • Mr. James Daniel Westcott, Pres & CFO (Age 39)
  • Mr. Kyle M. Hammond, Exec. VP & COO (Age 58)
  • 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 many different of institutional and retail investors. Top institutional investors include FMR LLC (11.18%), Pensionmark Financial Group LLC (1.50%), Hennessy Advisors Inc. (0.53%), Western Wealth Management LLC (0.21%), Bank of America Corp DE (0.19%) and Geode Capital Management LLC (0.13%). 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 Hennessy Advisors Inc., Oppenheimer & Co. Inc. and Bank of America Corp DE. 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 bought by a variety of institutional investors in the last quarter, including Pensionmark Financial Group LLC, FMR LLC, Western Wealth Management LLC, Two Sigma Investments LP, Geode Capital Management LLC, Geode Capital Management LLC, Millennium Management LLC and VisionPoint Advisory 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 $0.54.

How big of a company is Legacy Reserves?

Legacy Reserves has a market capitalization of $57.48 million and generates $554.86 million in revenue each year. The oil and gas producer earns $-53,890,000.00 in net income (profit) each year or $0.18 on an earnings per share basis.

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:  2.2 out of 5 (star star)
Outperform Votes:  270 (Vote Outperform)
Underperform Votes:  330 (Vote Underperform)
Total Votes:  600
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 3/21/2019 by MarketBeat.com Staff

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