|Bid||6.61 x 1300|
|Ask||6.86 x 1000|
|Day's Range||6.34 - 6.73|
|52 Week Range||1.07 - 10.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.00|
MIDLAND, Texas , June 12, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) announced today that Dan Westcott , President and Chief Financial Officer, and Kyle Hammond , Executive ...
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 8. Legacy Reserves rallied 8.5% last week despite minor weakness in crude oil and natural gas prices. Overall, Legacy Reserves has gained 280.7% YTD (year-to-date). Legacy Reserves has fallen significantly from its YTD highs. The stock might continue to see high volatility in the near term due to fluctuations in crude oil prices.
Legacy Reserves (LGCY), an upstream MLP involved in crude, natural gas, and NGLs (natural gas liquids) production, has a one-year correlation of 0.34 with crude oil as of June 6. The correlation coefficient between Legacy Reserves and crude oil has increased to 0.43 and 0.44 during the last three-month and one-month period.
In today's pre-market research, WallStEquities.com renavigates the Independent Oil and Gas space, which is exclusively engaged in the exploration and production segment of the industry with no downstream marketing or refining within their operations. Lined up for monitoring this morning are these four equities: Gulfport Energy Corp. (NASDAQ: GPOR), Laredo Petroleum Inc. (NYSE: LPI), Legacy Reserves L.P. (NASDAQ: LGCY), and Marathon Oil Corp. (NYSE: MRO).
Positive seasonality for small caps and penny stocks has ended. Legacy Reserves LP ( LGCY) soared nearly 84% in the first two weeks of the month, posting a 3-year high, while solar manufacturer Enphase Energy, Inc. ( ENPH) broke out of a 2-month basing pattern and gained 40%. Enphase Energy, Inc. ( ENPH) posted an-all time high at $17.97 in September 2014 and broke down in May 2015, entering a brutal decline that ended at an all-time low at 65-cents in the second quarter of 2017.
MIDLAND, Texas , May 30, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ: LGCY) announced today that Paul Horne , Chairman and Chief Executive Officer, and Dan Westcott , President ...
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was upgraded by UBS in the week ending May 18. UBS upgraded Legacy Reserves to “neutral,” which is equivalent to a “hold” from “sell.” UBS increased Legacy Reserves’ target price to $8 from $1.5. Currently, only one analyst has coverage on Legacy Reserves. The partnership is trading above its target price.
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the leading gains and losses this week.
In the first quarter, nine hedge funds were “buyers” of Legacy Reserves LP (LGCY) stock, while 12 hedge funds were “sellers.” In the first quarter, the total selling hedge funds outnumbered the total buying hedge funds by three. As of March 31, three hedge funds, which filed form 13F, held Legacy Reserves in their portfolio. None of the hedge funds have Legacy Reserves in their top ten holdings.
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.
Stock Research Monitor: EOG, EPE, and LGCY LONDON, UK / ACCESSWIRE / May 15, 2018/ If you want a free Stock Review on LPI sign up now at www.wallstequities.com/registration . This morning, WallStEquities.com ...
The upstream MLP, which was close to bankruptcy during 2016, has recovered significantly in recent quarters driven by debt restructuring and strong earnings growth resulting from production growth and gains in crude oil (USO) prices. At the same time, the Energy Select Sector SPDR ETF (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) are up 6.2% and 11.0% YTD, respectively. The widening of the spread between WTI Midland and WTI cash and a decline in crude oil prices from here could limit the partnership’s earnings growth target for the rest of 2018, which could further weigh on LGCY’s stock performance.
MIDLAND, Texas , May 2, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announced first quarter results for 2018 including the following highlights: Announced transaction ...
The Russell-2000 small-cap index held up better than the S&P 500 or Nasdaq-100, with trade tensions favoring small domestic issues over multinational giants. Low-priced sector plays have gained ground as well, with a broad basket of penny stocks posting 52-week highs. Legacy Reserves LP ( LGCY) posted the most substantial returns on April’s penny stocks watch list, gaining nearly 18% in sympathy with energy sector buying interest.
SunCoke Energy Partners (SXCP), an MLP involved in coke manufacturing and logistics, was the top MLP loss in the week ending April 27. The partnership had weak earnings in 1Q18. The partnership posted an adjusted EBITDA of $49.5 million during 1Q18—compared to $51.7 million in 1Q17 The YoY decline was mainly driven by planned outage and maintenance costs in the partnership’s Domestic Coke segment. However, the partnership reaffirmed its 2018 adjusted EBITDA guidance of $215 million–$225 million.
Navios Maritime Midstream Partners (NAP), an MLP involved in the marine transportation of crude oil, refined products, and NGLs, was the top MLP gainer in the week ending April 20. Navios Maritime Partners rallied 29.2% due to J.P. Morgan upgrading it to a “buy.” Overall, the partnership has lost 55.4% since the beginning of 2018. The fall could mainly be attributed to the partnership’s weak operating performance in 4Q17. To learn more, read Comparing Crude Tanker Companies’ 4Q17 Performances.
MIDLAND, Texas, April 19, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (LGCY) today announced it will provide details of its first quarter 2018 operating and financial performance with its earnings report which is scheduled to be released on Wednesday, May 2, 2018, following the close of NASDAQ trading. A teleconference and webcast will be held on Thursday, May 3, 2018, beginning at 9:00 a.m. Central Time. Legacy Reserves LP is a master limited partnership headquartered in Midland, Texas, focused on the development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. This press release relates to the proposed corporate reorganization between Legacy and Legacy Reserves Inc. ("New Legacy") (the "Transaction").
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 April 13, 2018. Legacy Reserves rallied 17.4% last week. The rally was mainly due to strong gains in crude oil prices.
Leading Legacy Reserves LP (NASDAQ:LGCY) as the CEO, Paul Horne took the company to a valuation of US$361.40M. Recognizing whether CEO incentives are aligned with shareholders is a crucial partRead More...