Legacy Oil Plus Gas Receives “Outperform” Rating from NBF (LEG)
Legacy Oil Plus Gas (TSE:LEG)‘s stock had its “outperform” rating restated by stock analysts at NBF in a report issued on Wednesday. They currently have a C$12.00 price objective on the stock, up from their previous price objective of C$10.00. NBF’s price target indicates a potential upside of 26.18% from the stock’s previous close.
Shares of Legacy Oil Plus Gas (TSE:LEG) opened at 9.51 on Wednesday. Legacy Oil Plus Gas has a one year low of $4.81 and a one year high of $10.03. The stock’s 50-day moving average is $8.85 and its 200-day moving average is $7.24. The company’s market cap is $1.498 billion.
Legacy Oil Plus Gas (TSE:LEG) last released its earnings data on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.07. Analysts expect that Legacy Oil Plus Gas will post $0.37 EPS for the current fiscal year.
LEG has been the subject of a number of other recent research reports. Analysts at Scotiabank raised their price target on shares of Legacy Oil Plus Gas from C$9.50 to C$14.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Separately, analysts at FirstEnergy Capital raised their price target on shares of Legacy Oil Plus Gas from C$11.00 to C$11.50 in a research note on Wednesday, May 14th. Finally, analysts at CIBC raised their price target on shares of Legacy Oil Plus Gas from C$9.00 to C$9.25 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$11.23.
Legacy Oil + Gas Inc (TSE:LEG) is engaged in exploration, exploitation and development drilling for oil and natural gas reserves.
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