Legacy Oil Plus Gas Given Average Rating of “Buy” by Brokerages (TSE:LEG)
Legacy Oil Plus Gas (TSE:LEG) has earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$11.29.
LEG has been the subject of a number of recent research reports. Analysts at National Bank Financial raised their price target on shares of Legacy Oil Plus Gas from C$10.00 to C$12.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Legacy Oil Plus Gas from C$10.50 to C$11.50 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at NBF reiterated an “outperform” rating on shares of Legacy Oil Plus Gas in a research note on Wednesday. They now have a C$12.00 price target on the stock, up previously from C$10.00.
Shares of Legacy Oil Plus Gas (TSE:LEG) traded down 0.83% on Thursday, hitting $9.59. 239,074 shares of the company’s stock traded hands. Legacy Oil Plus Gas has a 1-year low of $4.87 and a 1-year high of $10.03. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $7.26. The company’s market cap is $1.510 billion.
Legacy Oil Plus Gas (TSE:LEG) last announced its earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.07. Analysts expect that Legacy Oil Plus Gas will post $0.35 EPS for the current fiscal year.
Legacy Oil + Gas Inc (TSE:LEG) is engaged in exploration, exploitation and development drilling for oil and natural gas reserves.