Legacy Reserves LP Unit (LGCY) COO Kyle Hammond Sells 360,866 Shares
Legacy Reserves LP Unit (NASDAQ:LGCY) COO Kyle Hammond sold 360,866 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $4.68, for a total transaction of $1,688,852.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LGCY traded up $0.10 on Thursday, reaching $4.99. The company had a trading volume of 1,500 shares, compared to its average volume of 442,088. Legacy Reserves LP Unit has a fifty-two week low of $1.07 and a fifty-two week high of $10.54. The firm has a market cap of $382.34 million, a P/E ratio of -9.92 and a beta of 1.78. 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 announced its earnings results on Wednesday, August 1st. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.17). Legacy Reserves LP Unit had a negative return on equity of 1.87% and a negative net margin of 8.74%. The business had revenue of $139.28 million for the quarter. equities analysts forecast that Legacy Reserves LP Unit will post 0.65 earnings per share for the current year.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of Legacy Reserves LP Unit from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 24th. ValuEngine lowered shares of Legacy Reserves LP Unit from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Seaport Global Securities assumed coverage on shares of Legacy Reserves LP Unit in a research note on Wednesday, September 19th. They issued a “neutral” rating on the stock.
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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