Legacy Reserves LP Unit (NASDAQ:LGCY) EVP Kyle A. Mcgraw sold 176,957 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $4.68, for a total transaction of $828,158.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of LGCY traded down $0.08 during mid-day trading on Wednesday, hitting $4.89. 535,100 shares of the company’s stock were exchanged, compared to its average volume of 626,887. The stock has a market capitalization of $400.03 million, a PE ratio of -9.78 and a beta of 1.78. Legacy Reserves LP Unit has a fifty-two week low of $1.07 and a fifty-two week high of $10.54. The company has a debt-to-equity ratio of -1.63, a quick ratio of 0.17 and a current ratio of 0.17.

Legacy Reserves LP Unit (NASDAQ:LGCY) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.17). The business had revenue of $139.28 million for the quarter. Legacy Reserves LP Unit had a negative return on equity of 1.87% and a negative net margin of 8.74%. sell-side analysts predict that Legacy Reserves LP Unit will post 0.65 earnings per share for the current year.

Several brokerages have recently issued reports on LGCY. BidaskClub cut shares of Legacy Reserves LP Unit from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 24th. ValuEngine cut shares of Legacy Reserves LP Unit from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Seaport Global Securities began coverage on shares of Legacy Reserves LP Unit in a research report on Wednesday, September 19th. They set a “neutral” rating on the stock.

A number of large investors have recently modified their holdings of the stock. Raymond James & Associates raised its holdings in Legacy Reserves LP Unit by 33.1% in the second quarter. Raymond James & Associates now owns 103,886 shares of the oil and gas producer’s stock valued at $717,000 after acquiring an additional 25,826 shares in the last quarter. AMP Capital Investors Ltd acquired a new stake in Legacy Reserves LP Unit in the second quarter valued at approximately $316,000. FMR LLC raised its holdings in Legacy Reserves LP Unit by 7.2% in the second quarter. FMR LLC now owns 9,756,322 shares of the oil and gas producer’s stock valued at $67,319,000 after acquiring an additional 652,818 shares in the last quarter. Navellier & Associates Inc acquired a new stake in Legacy Reserves LP Unit in the second quarter valued at approximately $653,000. Finally, Cavalier Investments LLC acquired a new stake in Legacy Reserves LP Unit in the second quarter valued at approximately $551,000. 21.28% of the stock is currently owned by hedge funds and other institutional investors.

Legacy Reserves LP Unit Company Profile

Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. As of December 31, 2017, the company owned interests in producing oil and natural gas properties in 606 fields comprising 10,492 gross productive wells, including 3,497 operated and 6,995 non-operated wells located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states.

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Insider Buying and Selling by Quarter for Legacy Reserves LP Unit (NASDAQ:LGCY)

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