LGCY - Legacy Reserves Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
0.4362
-0.0036 (-0.82%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close0.4398
Open0.4337
Bid0.0000 x 1000
Ask0.0000 x 1100
Day's Range0.4215 - 0.4468
52 Week Range0.3800 - 10.5400
Volume1,185,545
Avg. Volume1,360,835
Market Cap50.081M
Beta (3Y Monthly)-0.01
PE Ratio (TTM)1.05
EPS (TTM)0.4170
Earnings DateOct 30, 2018 - Nov 5, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-11-03
1y Target Est2.00
Trade prices are not sourced from all markets
  • PR Newswire14 days ago

    Legacy Reserves Discloses That Director Nomination Notice From Baines Creek Is Invalid

    MIDLAND, Texas, April 9, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy" or the "Company") (LGCY) today disclosed that Baines Creek Partners, L.P.'s ("Baines Creek") notice of director nominations for the Company's 2019 Annual Meeting is invalid for failure to comply with the requirements set forth in Legacy's bylaws. Legacy's bylaws were established for the protection of the Company and all of its stockholders.

  • Reuters22 days 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.

  • PR Newswire29 days ago

    Legacy Reserves Unsecured Bond Holder, Aedes LLC, Retains Outside Counsel and Surveys Bond Class

    WILMINGTON, Del., March 26, 2019 /PRNewswire/ -- Aedes LLC, a Delaware limited liability company, announced today that it has retained outside counsel in relation to its investment in the unsecured bonds of Legacy Reserves (LGCY) ("Legacy").  On March 13, 2019, Legacy  issued a press release stating "Legacy Reserves Inc. Announces Review of Strategic Alternatives." The press release explained that Legacy has retained legal and financial advisors to explore its strategic alternatives and invited proposals from interested stakeholders as well as interested outside parties. As such proposals have a high probability of impacting the holders of Legacy's unsecured bonds, Aedes retained counsel with a high degree of expertise in restructuring matters to guide it during this period.  Aedes hopes for a transparent process that takes into account the legitimate interests of all holders of Legacy's unsecured bonds.  Other proposals in the E&P space have occasionally contained plan elements that prevent the full participation by all bond holders.  Such limitations can stem from preferential plan elements, exclusive financings or technical specifications of new instruments which limit participation.

  • GuruFocus.comlast month

    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
    Zackslast month

    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.

  • PR Newswirelast month

    Legacy Reserves Inc. Announces Fourth Quarter and Annual 2018 Results; Proved Reserves; 2019 Capital Budget; Credit Agreement Update and Strategic Alternatives; Director Transition

    MIDLAND, Texas , March 18, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ: LGCY) today announced the 2018 fourth quarter and year-end results. These results are subject to the completion ...

  • PR Newswirelast month

    Legacy Reserves Inc. Announces Review of Strategic Alternatives

    MIDLAND, Texas, March 13, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (LGCY) today announced that it is evaluating and exploring potential strategic alternatives. Legacy continues to work with the administrative agent and the other lenders under its Revolving Credit Facility to extend the maturity of the Facility. Legacy has engaged Tudor Pickering & Holt L.P. and Perella Weinberg Partners L.P. as financial advisors, and Sidley Austin LLP as outside legal counsel.

  • PR Newswire2 months ago

    Legacy Reserves Inc. Announces New Chief Financial Officer

    Mr. Norris has over 15 years of experience in the energy industry. Prior to joining Legacy, Mr. Norris served as a Principal at The Catalyst Group, an Austin-based private equity fund, where he was responsible for sourcing and evaluating potential investment opportunities, structuring and negotiating transactions, leading due diligence and managing portfolio investments including several in the oil and gas industry. Previously, Mr. Norris served in various senior strategy and corporate development roles at Oil States International, Inc. and its spin-off, Civeo Corporation. He earned an MBA and a B.A. in economics from The University of Texas at Austin.

  • Moody's3 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 Monkey4 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%
    Zacks4 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
    Zacks4 months ago

    New Strong Sell Stocks for December 18th

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

  • PR Newswire5 months ago

    Legacy Reserves Inc. Announces Participation at the Bank of America Merrill Lynch Leveraged Finance Conference

    MIDLAND, Texas , Nov. 28, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) announced today that Dan Westcott , President and Chief Financial Officer, and Kyle Hammond , Executive ...

  • PR Newswire6 months ago

    Legacy Reserves Inc. Announces Third Quarter 2018 Results

    MIDLAND, Texas , Oct. 31, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) today announced 2018 third quarter results including the following highlights: Completed our corporate ...

  • PR Newswire6 months ago

    Legacy Reserves Inc. Announces Changes to Senior Management

    MIDLAND, Texas , Oct. 31, 2018 /PRNewswire/ -- Legacy Reserves, Inc. ("Legacy" or the "Company") (NASDAQ:LGCY) today announced several changes to its senior management.  Paul T. Horne ...

  • PR Newswire6 months ago

    H2O Midstream Announces Long-Term Water Services Agreement With Legacy Reserves In The Permian Basin

    HOUSTON , Oct. 23, 2018 /PRNewswire/ -- H2O Midstream today announced the execution of a long-term water services agreement with a subsidiary of Legacy Reserves Inc. ("Legacy") (NASDAQ: LGCY).  ...

  • PR Newswire6 months ago

    Legacy Reserves Inc. Schedules Conference Call to Report 3rd Quarter 2018 Results

    MIDLAND, Texas , Oct. 17, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (Nasdaq:LGCY) today announced it will provide details of its third quarter 2018 operating and financial performance ...

  • GuruFocus.com6 months ago

    Legacy Reserves: A Compelling Value Opportunity

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

  • PR Newswire6 months ago

    Legacy Reserves Inc. Announces Board Resignation and Appointment

    MIDLAND, Texas, Oct. 8, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (LGCY) announced today that Dwight Scott, Senior Managing Director of The Blackstone Group L.P. and President of GSO Capital Partners LP ("GSO"), has resigned from Legacy's Board of Directors effective immediately, and, in conjunction, GSO has relinquished its Board nomination right. The Company also announced that Doug York has been appointed to Legacy's Board. Paul T. Horne, the Chairman of the Board and Chief Executive Officer of Legacy, commented, "We thank Dwight for his keen insight and thoughtful approach on our Board and look forward to his continued support of the company. GSO has been a committed investor and, through their capital investment and idea generation, has assisted us in our transition out of the MLP and into the C-Corp sector.

  • Why Legacy Reserves Inc.’s Stock Is Soaring Today
    Motley Fool7 months ago

    Why Legacy Reserves Inc.’s Stock Is Soaring Today

    The oil and gas producer re-emerged today.

  • PR Newswire7 months ago

    Legacy Reserves Inc. and Legacy Reserves LP Announce Completion of Corporate Reorganization

    MIDLAND, Texas, Sept. 20, 2018 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") and Legacy Reserves LP (the "Partnership") (LGCY) announced today the completion of the previously announced corporate reorganization of the Partnership, pursuant to which the unitholders and holders of preferred units of the Partnership became stockholders of Legacy, which will be a publicly-traded corporation (the "Transaction"). At the Partnership's special meeting held on September 19, 2018, unitholders approved the merger agreement with approximately 99% of the votes cast.

  • PR Newswire7 months ago

    Legacy Reserves LP Announces Exchange of $130 Million of Senior Notes for New Convertible Senior Notes

    MIDLAND, Texas , Sept. 14, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announces that Legacy, Legacy Reserves Finance Corporation (together with Legacy, the "Issuers") ...

  • PR Newswire7 months ago

    Alerian Index Series September 2018 Index Review

    DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...

  • PR Newswire7 months ago

    Legacy Reserves LP Announces Final Court Approval of Delaware Merger Litigation Settlement

    MIDLAND, Texas, Sept. 12, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (LGCY) today announced that the Delaware Chancery Court (the "Court") has granted final approval of the previously-announced merger litigation settlement agreement.  Under the agreement, holders of outstanding 8% Series A Preferred Units and 8% Series B Preferred Units will receive in the Transaction (as defined below) approximately 10,730,000 shares of common stock in Legacy Reserves Inc. ("New Legacy") in addition to the approximately 16,913,592 shares those holders would collectively have received pursuant to the exchange ratios that were included in the merger agreement initially entered into in connection with the Transaction.

  • PR Newswire8 months ago

    Legacy Reserves LP Announces Participation at the EnerCom Oil & Gas Conference

    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.  Additional information is available at www.LegacyLP.com. This press release relates to the proposed corporate reorganization between Legacy and Legacy Reserves Inc. ("New Legacy") (the "Transaction").