Free Trial
Notice: This company has been marked as potentially delisted and may not be actively trading.
NASDAQ:LGCY

Legacy Reserves (LGCY) Stock Price, News & Analysis

Legacy Reserves logo

About Legacy Reserves Stock (NASDAQ:LGCY)

Key Stats

Today's Range
$7.10
$7.59
50-Day Range
$0.01
$0.04
52-Week Range
$0.03
$7.14
Volume
101,612 shs
Average Volume
69,182 shs
Market Capitalization
$92.66 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.48
Consensus Rating
Buy

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.

Legacy Reserves Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
25th Percentile Overall Score

LGCY MarketRank™: 

Legacy Reserves scored higher than 25% of companies evaluated by MarketBeat, and ranked 251st out of 290 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Legacy Reserves has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Legacy Reserves has only been the subject of 3 research reports in the past 90 days.

  • Read more about Legacy Reserves' stock forecast and price target.
  • Earnings Growth

    Earnings for Legacy Reserves are expected to grow by 12.73% in the coming year, from $0.55 to $0.62 per share.

  • Short Interest

    There is no current short interest data available for LGCY.
  • Dividend Yield

    Legacy Reserves does not currently pay a dividend.

  • Dividend Growth

    Legacy Reserves does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for LGCY.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Legacy Reserves this week, compared to 0 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Legacy Reserves insiders have bought more of their company's stock than they have sold. Specifically, they have bought $67,486.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 0.80% of the stock of Legacy Reserves is held by insiders.

  • Read more about Legacy Reserves' insider trading history.
Receive LGCY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Legacy Reserves and its competitors with MarketBeat's FREE daily newsletter.

LGCY Stock News Headlines

“Trump Trades” You’ve Got to Make
These Stocks are the Best “Trump Trades” Free e-book reveals sectors – and stocks within them – likely to pop now that Donald Trump has been re-elected
See More Headlines

LGCY Stock Analysis - Frequently Asked Questions

Legacy Reserves Inc (NASDAQ:LGCY) announced its quarterly earnings results on Monday, September, 16th. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter. The oil and gas producer had revenue of $12.33 million for the quarter.

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

Legacy Reserves' quiet period expired on Tuesday, November 5th. Legacy Reserves had issued 2,500,000 shares in its public offering on September 26th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. During Legacy Reserves' quiet period, underwriters and any insiders that worked on the IPO were prevented from issuing any research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Legacy Reserves' top institutional investors include Royce & Associates LP (4.30%) and Bard Associates Inc. (4.21%). Insiders that own company stock include Robert Derose and Ragheb Milad.
View institutional ownership trends
.

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
9/16/2024
Today
11/22/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Current Symbol
NASDAQ:LGCY
Fax
N/A
Employees
337
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.48
High Stock Price Target
$8.75
Low Stock Price Target
$8.20
Potential Upside/Downside
+12.0%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
12,146,000
Market Cap
$92.66 million
Optionable
Optionable
Beta
N/A
13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

This page (NASDAQ:LGCY) was last updated on 11/22/2024 by MarketBeat.com Staff
From Our Partners