EXXI - Energy XXI Gulf Coast, Inc.

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  • Upstream Gainers This Week: Legacy Reserves Leads
    Market Realist11 months ago

    Upstream Gainers This Week: Legacy Reserves Leads

    In this part, we’ll discuss the top percentage gainers from the upstream sector in the US for the week starting on May 14. In the week starting on May 14, Legacy Reserves LP (LGCY) increased from last week’s close of $7.99 to $9.65 on May 16—an increase of ~21%. The company increased ~11% on Wednesday—more than the 30-day average volume. In the first quarter, Legacy Reserves reported revenues of ~$ 137 million—worse than analysts’ consensus of ~$143 million.

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