Legacy Reserves (LGCY) Scheduled to Post Quarterly Earnings on Wednesday

Legacy Reserves (NASDAQ:LGCY) will be announcing its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Shares of Legacy Reserves (NASDAQ LGCY) opened at $2.29 on Wednesday. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $157.37, a PE ratio of -1.08 and a beta of 2.87. Legacy Reserves has a 1-year low of $1.07 and a 1-year high of $2.60.

In related news, major shareholder Baines Creek Capital, Llc acquired 69,636 shares of the stock in a transaction on Friday, January 19th. The stock was acquired at an average cost of $2.10 per share, for a total transaction of $146,235.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 1,872,192 shares of company stock valued at $4,250,563 over the last 90 days. 26.70% of the stock is currently owned by company insiders.

Separately, ValuEngine lowered shares of Legacy Reserves from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Legacy Reserves presently has an average rating of “Hold” and a consensus price target of $1.88.

TRADEMARK VIOLATION NOTICE: “Legacy Reserves (LGCY) Scheduled to Post Quarterly Earnings on Wednesday” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/legacy-reserves-lgcy-scheduled-to-post-quarterly-earnings-on-wednesday.html.

About Legacy Reserves

Legacy Reserves LP (Legacy) is a master limited partnership company. The Company focuses on the acquisition and development of oil and natural gas properties located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. As of December 31, 2016, the Company had proved reserves of approximately 144.8 million barrels of crude oil equivalent (MMBoe), of which 72% were natural gas, 28% were oil and natural gas liquids (NGLs) and 94% were classified as proved developed producing.

Earnings History for Legacy Reserves (NASDAQ:LGCY)

Receive News & Ratings for Legacy Reserves Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legacy Reserves and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply