5.15 +0.19 (3.83%)
After hours: 7:26PM EDT
|Bid||4.95 x 800|
|Ask||5.15 x 1100|
|Day's Range||4.50 - 4.99|
|52 Week Range||1.07 - 10.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.00|
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").
NEW YORK, NY / ACCESSWIRE / August 2, 2018 / Legacy Reserves LP (NASDAQ: LGCY ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 2, 2018 at 10:00 AM Eastern Time. ...
MIDLAND, Texas , Aug. 1, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (NASDAQ:LGCY) today announced second quarter results for 2018 including the following highlights: Generated record ...
Roster of private company presenters and panels adds extra flavor to popular Denver-based annual oil and gas investment conference DENVER , Aug. 1, 2018 /PRNewswire/ -- Regardless of whether your area ...
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 (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.
MIDLAND, Texas, July 18, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (LGCY) today announced it will provide details of its second quarter 2018 operating and financial performance with its earnings report which is scheduled to be released on Wednesday, August 1, 2018, following the close of NASDAQ trading. A teleconference and webcast will be held on Thursday, August 2, 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").
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.
The Oil & Gas Conference® 2018 presenting companies: - 40 North American shale E&Ps - 7 international E&Ps - 10 other producers - 9 oilfield service providers - 9 private E&Ps, midstream and data providers ...
MIDLAND, Texas, July 12, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (LGCY) today announced that on July 6, 2018, it entered into a Stipulation and Agreement of Settlement (the "Settlement Agreement") to settle the previously disclosed putative class action lawsuits in the Delaware Chancery Court (the "Court") captioned In re Legacy Reserves LP Preferred Unitholder Litigation, C.A. No. 2018-0225-VCL by granting holders of the 8% Series A Preferred Units and 8% Series B Preferred Units approximately 27.6 million shares of common stock of Legacy Reserves Inc. ("New Legacy"). The Court has entered a scheduling order, which sets September 12, 2018 as the date for the fairness hearing, at which the parties will request final approval of the Settlement Agreement. Legacy anticipates soon filing with the Securities and Exchange Commission (the "SEC") an amendment to the registration statement on Form S-4, which includes a proxy statement of Legacy and a preliminary prospectus of New Legacy.
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).
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.
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 (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.
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.
MIDLAND, Texas, June 25, 2018 /PRNewswire/ -- Legacy Reserves LP ("Legacy") (LGCY) today announced that it has entered into a memorandum of understanding to settle the previously disclosed putative class action lawsuits in the Delaware Chancery Court captioned Doppelt v. Legacy Reserves LP, and Legacy Reserves GP, LLC, and Legacy Reserves Inc., Case No. 2018-0225 and Chammah Ventures, LLC v. Legacy Reserves LP, et al., C.A. No. 2018-0242-VCL, consolidated as In re Legacy Reserves LP Preferred Unitholder Litig., C.A. No. 2018-0225-VCL (the "Consolidated Class Action"). The settlement envisioned by the memorandum of understanding will also effectively resolve all claims in other previously disclosed lawsuits filed by purported holders of Legacy's preferred units (together with the Consolidated Class Action, the "Actions").
The 2018 EnerCom oil & gas investment conference will feature U.S. and Canadian shale developers, Gulf of Mexico, European and Latin American producers, oilfield service companies and expert panels for ...
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 ...