Legacy Reserves (LGCY) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $7.71 to $8.16
• 50-Day Range: $0.01 to $0.04
• 52-Week Range: $3.60 to $12.30
• Volume: 83,875 shs
• Average Volume: 83,987 shs
• Market Capitalization: $144.86 million
• P/E Ratio: 18.38
• Dividend Yield: N/A
• Price Target: $10.40
• Consensus Rating: Buy

LGCY Stock Analysis - Frequently Asked Questions

How were Legacy Reserves' earnings last quarter?

Legacy Reserves Inc (NASDAQ:LGCY) announced 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.

When did Legacy Reserves IPO?

Legacy Reserves (LGCY) raised $12 million in an initial public offering on Thursday, September 26th 2024. The company issued 2,000,000 shares at a price of $5.00-$7.00 per share. Northland Capital Markets and Ladenburg Thalmann served as the underwriters for the IPO.

Who are Legacy Reserves' major shareholders?

Legacy Reserves' top institutional shareholders include Truffle Hound Capital LLC (1.59%), Russell Investments Group Ltd. (1.47%), White Pine Capital LLC (0.66%) and Boston Partners (0.37%). Insiders that own company stock include Robert Derose, Gerald Amato and Ragheb Milad.
View institutional ownership trends.

What other stocks do shareholders of Legacy Reserves own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Legacy Reserves investors own include Bank of Hawaii (BOH), Northern Tier Energy (NTI), Stag Industrial (STAG), InterDigital (IDCC), Memorial Production Partners (MEMP), Targa Resources (TRGP) and (BBEPQ) (BBEPQ).

Company Calendar

• Last Earnings: 10/31/2018
• Today: 8/13/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Educational services
• Sub-Industry: N/A
• Current Symbol: NASDAQ:LGCY
• CIK: 1358831
• Web: www.legacylp.com
• Phone: 432-689-5200
• Fax: N/A
• Employees: 337
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Legacy Reserves: $10.40
• High Price Target: $10.80
• Low Price Target: $10.00
• Potential Upside/Downside: -10.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 18.38
• Forward P/E Ratio: 19.95
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 12,380,000
• Free Float: 12,282,000
• Market Cap: $143.25 million
• Optionable: Optionable
• Beta: N/A