Legacy Oil Plus Gas Given Consensus Rating of “Buy” by Brokerages (TSE:LEG)
Shares of Legacy Oil Plus Gas (TSE:LEG) have been given a consensus rating of “Buy” by the thirteen brokerages that are covering the company, StockRatingsNetwork.com reports. Two research 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 price target among brokerages that have covered the stock in the last year is C$11.35.
Legacy Oil Plus Gas (TSE:LEG) opened at 8.08 on Thursday. Legacy Oil Plus Gas has a 52-week low of $5.45 and a 52-week high of $10.03. The stock’s 50-day moving average is $8.89 and its 200-day moving average is $7.83. The company’s market cap is $1.272 billion.
Legacy Oil Plus Gas (TSE:LEG) last posted its quarterly earnings results 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 $0.40 EPS for the current fiscal year.
A number of research firms have recently commented on LEG. Analysts at CIBC raised their price target on shares of Legacy Oil Plus Gas from C$9.25 to C$10.00 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. Separately, 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, June 25th. They now have an “outperform” rating on the stock. Finally, 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, June 25th. They now have an “outperform” rating on the stock.
Legacy Oil + Gas Inc (TSE:LEG) is engaged in exploration, exploitation and development drilling for oil and natural gas reserves.
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