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Legacy Reserves Inc (LGCY) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Legacy Reserves Inc (LGCY) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Legacy Reserves LP is an upstream limited partnership which acquires and exploits oil and natural gas properties located in the Permian Basin, Mid-continent, East Texas and Rocky Mountain regions of the United States. Legacy Reserves Inc has a market cap of $53.990 million; its shares were traded at around $0.48 with a P/E ratio of 1.46 and P/S ratio of 0.08.


For the last quarter Legacy Reserves Inc reported a revenue of $132.9 million, compared with the revenue of $137.1 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $554.9 million, an increase of 27.2% from last year. For the last five years Legacy Reserves Inc had an average revenue decline of 0% a year.

The reported diluted earnings per share was 42 cents for the year, compared with the loss per share of $4.92 in the previous year. The Legacy Reserves Inc had a decent operating margin of 16.58%, compared with the operating margin of 13.05% a year before. The 10-year historical median operating margin of Legacy Reserves Inc is 20.13%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Legacy Reserves Inc has the cash and cash equivalents of $1.10 million, compared with $1.25 million in the previous year. The long term debt was $749.2 million, compared with $1.3 billion in the previous year. The company's operating income of cannot cover its interest payment during the last fiscal year. Legacy Reserves Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $0.48, Legacy Reserves Inc is traded at 97.6% discount to its historical median P/S valuation band of $20.31. The P/S ratio of the stock is 0.08, while the historical median P/S ratio is 2.95. The stock lost 87.76% during the past 12 months.

Directors and Officers Recent Trades:

  • 10% Owner Creek Capital, Llc Baines bought 601,000 shares of LGCY stock on 03/20/2019 at the average price of $0.52.
  • 10% Owner Creek Capital, Llc Baines bought 60,000 shares of LGCY stock on 03/12/2019 at the average price of $1.3.
  • 10% Owner Creek Capital, Llc Baines bought 71,137 shares of LGCY stock on 03/11/2019 at the average price of $1.25.
  • 10% Owner Creek Capital, Llc Baines bought 100,000 shares of LGCY stock on 03/06/2019 at the average price of $1.25.
  • 10% Owner Creek Capital, Llc Baines bought 100,000 shares of LGCY stock on 03/01/2019 at the average price of $1.16.

For the complete 20-year historical financial data of LGCY, click here.

This article first appeared on GuruFocus.