LGCY - Legacy Reserves Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.1500
+0.0120 (+8.70%)
At close: 4:00PM EDT
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Previous Close0.1380
Open0.1955
Bid0.1530 x 1000
Ask0.1530 x 1100
Day's Range0.1326 - 0.2200
52 Week Range0.0800 - 7.4300
Volume82,259,148
Avg. Volume8,175,552
Market Cap17.222M
Beta (3Y Monthly)1.38
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-11-03
1y Target EstN/A
Trade prices are not sourced from all markets
  • Benzinga2 days ago

    A Look At Benzinga Pro's Most-Searched Tickers For June 14

    This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. ArQule, Inc. (NASDAQ: ARQL ) shares were up ...

  • MarketWatch5 days ago

    Legacy Reserves to file for bankruptcy as oil and gas price downturn prompts financial restructuring

    Legacy Reserves Inc.'s stock plunged 42% in active premarket trade Tuesday, after the oil and gas company said it expects to file for bankruptcy, in an effort to facilitate the implementation of a restructuring agreement with its lenders. Trading volume topped 3 million shares ahead of the open. The agreement will provide for a de-leveraging of its capital structure by over $900 million, including an equity capital infusion of at least $200 million; and payment in full of its other secured creditors, tax and other claimants, trade creditors and employees. The company said it will continue to operate its business without material disruption. "We explored a wide variety of alternatives to address our balance sheet and looming bank maturity during a sustained downturn in oil and gas prices," said Chief Executive Dan Westcott. "After concluding this broad process, we believe that the financial restructuring negotiated with our creditors provides the best path forward for the company." The stock has plummeted 83% year to date through Monday, while the SPDR Energy Select Sector ETF has gained 7.2% and the S&P 500 has advanced 15%.

  • Reuters2 months ago

    Cash flow still weak at U.S. shale firms, stock prices underperform

    U.S. shale producers last year again spent more money than they collected, extending a years-long streak of putting oil output above cash flow and investor returns, according to a Reuters analysis of top independent producers. Total overspending by the group was $6.69 billion in 2018, according to Morningstar data provided to Reuters by the Sightline Institute and the Institute for Energy Economics and Financial Analysis. While total overspending was down slightly from a year earlier, stock prices in the sector have slid at a time when U.S. share prices in general have posted strong gains.

  • GuruFocus.com3 months ago

    Legacy Reserves Inc (LGCY) Files 10-K 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. Warning! GuruFocus has detected 6 Warning Signs with LGCY. 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.

  • Implied Volatility Surging for Legacy Reserves (LGCY) Stock Options
    Zacks3 months ago

    Implied Volatility Surging for Legacy Reserves (LGCY) Stock Options

    Investors need to pay close attention to Legacy Reserves (LGCY) stock based on the movements in the options market lately.

  • Moody's5 months ago

    Legacy Reserves LP -- Moody's downgrades Legacy's CFR to Caa3

    Concurrently, Moody's affirmed Legacy's SGL-4 Speculative Grade Liquidity Rating. The downgrade of Legacy's ratings to Caa3 reflects the company's weak liquidity, high leverage and significant debt refinancing risk. Legacy has cumulatively repurchased or exchanged a significant amount of its senior notes since 2015, but the company's debt balances remain high and now have a significant amount of secured debt in the capital structure.

  • Is Legacy Reserves LP (LGCY) A Good Stock To Buy?
    Insider Monkey6 months ago

    Is Legacy Reserves LP (LGCY) A Good Stock To Buy?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]

  • Legacy Reserves (LGCY) Jumps: Stock Rises 6.5%
    Zacks6 months ago

    Legacy Reserves (LGCY) Jumps: Stock Rises 6.5%

    Legacy Reserves (LGCY) shares rose nearly 7% in the last trading session, amid huge volumes.

  • New Strong Sell Stocks for December 18th
    Zacks6 months ago

    New Strong Sell Stocks for December 18th

    Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today

  • GuruFocus.com8 months ago

    Legacy Reserves: A Compelling Value Opportunity

    Company presents a startlingly asymmetric risk-reward profile with substantial upside

  • Why Legacy Reserves Inc.’s Stock Is Soaring Today
    Motley Fool9 months ago

    Why Legacy Reserves Inc.’s Stock Is Soaring Today

    The oil and gas producer re-emerged today.

  • Thomson Reuters StreetEvents10 months ago

    Edited Transcript of LGCY earnings conference call or presentation 2-Aug-18 2:00pm GMT

    Q2 2018 Legacy Reserves LP Earnings Call

  • Lowest-Performing MLPs in Week Ended July 27
    Market Realist11 months ago

    Lowest-Performing MLPs in Week Ended July 27

    American Midstream Partners (AMID), a midstream MLP involved in natural gas gathering, processing, and compression, was the lowest-performing MLP in the week ended July 27. AMID stock plunged 41.1% last week. It saw a sharp correction following its announcement of a capital allocation strategy, which includes the sale of non-core assets and a distribution cut.

  • Legacy Reserves Is Eighth among MLPs for Q2 EBITDA Growth
    Market Realist11 months ago

    Legacy Reserves Is Eighth among MLPs for Q2 EBITDA Growth

    Legacy Reserves (LGCY), an upstream MLP, is eighth among MLPs in terms of EBITDA growth. Wall Street analysts expect the partnership to post 61.6% YoY (year-over-year) EBITDA growth in the second quarter of 2018. Its strong YoY EBITDA growth is expected to be driven by higher production and higher average realized sales prices due to gains in the price of crude oil.

  • These Were the Strongest MLPs in H1 2018
    Market Realist11 months ago

    These Were the Strongest MLPs in H1 2018

    Upstream MLP Legacy Reserves (LGCY), which is involved in crude oil, natural gas, and NGL (natural gas liquid) production, was the strongest MLP in H1 2018. LGCY stock rose by a massive 329% due to the company’s EBITDA rising 76% YoY (year-over-year) in Q1 2018 and improved financial position, strong crude oil prices, and analysts upgrading their ratings. For a review of the MLP’s fundamentals and technicals, read Legacy Reserves Has Risen ~45% from the Lows in May.

  • What Are Wall Street Targets for TELL, LGCY, AROC, and CLB?
    Market Realist11 months ago

    What Are Wall Street Targets for TELL, LGCY, AROC, and CLB?

    To conclude this series on the biggest movers in the upstream and oilfield services sectors, we’ll now look at Wall Street recommendations for the leading gainers and decliners this week that we have been discussing in this series. As of July 3, Reuters reported four analysts having recommendations on Tellurian (TELL).

  • Are Hedge Funds Buying TELL, LGCY, AROC, and CLB?
    Market Realist11 months ago

    Are Hedge Funds Buying TELL, LGCY, AROC, and CLB?

    In this part, we’ll take a look at how hedge funds are positioning themselves in the leading gainers and decliners from the upstream and oilfield services sectors of the current week.

  • Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC
    Market Realist11 months ago

    Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC

    In this article, we’ll move on to the worst performers from the oil and gas production, or upstream, sector in the US for the current week. To compile the list of the worst upstream performers this week, we’ll use oil and gas producers with market capitalizations greater than $100 million and an average trading volume greater than 100,000 shares last week.

  • Legacy Reserves Has Risen ~45% from the Lows in May
    Market Realistlast year

    Legacy Reserves Has Risen ~45% from the Lows in May

    Legacy Reserves (LGCY) has seen a steep decline from its YTD (year-to-date) highs mainly due to weakness in crude oil prices and the wider WTI Cushing-WTI Midland spread. Since then, Legacy Reserves has seen a strong recovery. The partnership has risen 45.4% from last month’s low.

  • Top MLP Gainers in the Week Ending June 22
    Market Realistlast year

    Top MLP Gainers in the Week Ending June 22

    Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP gainer in the week ending June 22. Legacy Reserves rallied 14.3% due to strong crude oil prices ahead of OPEC’s meeting and the sharp rise in crude oil prices following OPEC’s meeting. The partnership is expected to benefit from the narrowing of the WTI Cushing-WTI Midland spread last week, which we discussed in the previous part. Overall, Legacy Reserves has gained 337.9% since the beginning of this year.