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

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$1.37 -0.11 (-7.43 %)
(As of 12/18/2018 04:00 PM ET)
Previous Close$1.48
Today's Range$1.34 - $1.54
52-Week Range$1.07 - $10.54
Volume1.83 million shs
Average Volume638,603 shs
Market Capitalization$147.95 million
P/E Ratio-2.74
Dividend YieldN/A
Beta1.8
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

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

Debt

Debt-to-Equity RatioN/A
Current Ratio0.17
Quick Ratio0.17

Price-To-Earnings

Trailing P/E Ratio-2.74
Forward P/E Ratio-19.57
P/E GrowthN/A

Sales & Book Value

Annual Sales$436.30 million
Price / Sales0.33
Cash Flow$1.5930 per share
Price / Cash Flow0.86
Book Value($6.88) per share
Price / Book-0.20

Profitability

EPS (Most Recent Fiscal Year)($0.50)
Net Income$-53,890,000.00
Net Margins-10.64%
Return on Equity-1.87%
Return on Assets-0.01%

Miscellaneous

Employees331
Outstanding Shares106,440,000
Market Cap$147.95 million
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 earnings results on Wednesday, October, 31st. The oil and gas producer reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.69. The oil and gas producer earned $145.21 million during 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.

When is Legacy Reserves' next earnings date?

Legacy Reserves is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 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 stories about LGCY stock have trended somewhat positive this week, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Legacy Reserves earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the oil and gas producer a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the stock's share price in the near future.

Are investors shorting Legacy Reserves?

Legacy Reserves saw a increase in short interest in 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 trading volume of 546,553 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.3% of the company's shares are sold short. View Legacy Reserves' Current Options Chain.

Who are some of Legacy Reserves' key competitors?

Who are Legacy Reserves' key executives?

Legacy Reserves' management team includes the folowing people:
  • Mr. Paul T. Horne, Chairman & CEO (Age 56)
  • Mr. James Daniel Westcott, Pres & CFO (Age 38)
  • Mr. Kyle M. Hammond, Exec. VP & COO (Age 57)
  • Mr. Dan G. LeRoy, VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Kyle A. McGraw, Exec. VP & Chief Devel. Officer (Age 58)

Who are Legacy Reserves' major shareholders?

Legacy Reserves' stock is owned by many different of retail and institutional 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.

Which institutional investors are selling Legacy Reserves stock?

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.

Which institutional investors are buying Legacy Reserves stock?

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.

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 $1.37.

How big of a company is Legacy Reserves?

Legacy Reserves has a market capitalization of $147.95 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.

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:  255 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  575
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 12/18/2018 by MarketBeat.com Staff

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