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: $0.03 to $7.14
• Volume: 83,875 shs
• Average Volume: 93,219 shs
• Market Capitalization: $82.70 million
• P/E Ratio: 11.21
• Dividend Yield: N/A
• Price Target: $10.40
• Consensus Rating: Buy

Legacy Reserves Stock Analysis - MarketRank™

Legacy Reserves scored higher than 48% of companies evaluated by MarketBeat, and ranked 186th out of 286 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

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 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.90%

Earnings Growth

Earnings for Legacy Reserves are expected to grow by 6.90% in the coming year, from $0.58 to $0.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Legacy Reserves is 11.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.31.

Price to Earnings Ratio vs. Sector

The P/E ratio of Legacy Reserves is 11.21, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.67.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LGCY.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Legacy Reserves does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for LGCY.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

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

Search Interest

Only 2 people have searched for LGCY on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

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 $39,230.00 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.

LGCY Stock Analysis - Frequently Asked Questions

How were Legacy Reserves' earnings last quarter?

Legacy Reserves Inc (NASDAQ:LGCY) released 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 earned $145.21 million during the quarter, compared to the consensus estimate of $143.40 million.

When did Legacy Reserves IPO?

Legacy Reserves (LGCY) raised $12 million in an initial public offering (IPO) 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 acted as the underwriters for the IPO.

When does Legacy Reserves' lock-up period expire?

Legacy Reserves' lock-up period expires on Tuesday, March 25th. 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. After the expiration of Legacy Reserves' lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Who are Legacy Reserves' major shareholders?

Top institutional investors of Legacy Reserves include Royce & Associates LP (5.89%), Kennedy Capital Management LLC (3.13%), Russell Investments Group Ltd. (1.67%) and Manatuck Hill Partners LLC (0.82%). Insiders that own company stock include Robert Derose 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: 3/12/2025
• Fiscal Year End: 6/30/2025

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 Stock Price Target: $10.40
• High Stock Price Target: $10.80
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +53.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 11.21
• Forward P/E Ratio: 11.68
• 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: $83.87 million
• Optionable: Optionable
• Beta: N/A