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 $10.37
• Volume: 83,875 shs
• Average Volume: 84,595 shs
• Market Capitalization: $76.76 million
• P/E Ratio: 10.33
• 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 quarterly earnings results on Wednesday, October, 31st. The oil and gas producer reported ($0.46) earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.69. The oil and gas producer had revenue of $145.21 million for 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 $5.00-$7.00 per share. Northland Capital Markets and Ladenburg Thalmann served as the underwriters for the IPO.

When did the company's lock-up period expire?

Legacy Reserves' lock-up period expired on Tuesday, March 25th. Legacy Reserves had issued 2,500,000 shares in its IPO on September 26th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. Since the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

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: 4/16/2025
• 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: +67.7%
• 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: 10.56
• Forward P/E Ratio: 10.69
• 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: $76.76 million
• Optionable: Optionable
• Beta: N/A