Legacy Reserves is in the oil and gas exploration and production industry and is part of the energy sector. The company CEO is James Daniel Westcott. 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.

Previous Intraday Performance:

The LGCY shares had a previous change of -6.90% which opened at 0.37 and closed at 0.34. It moved to an intraday high of 0.38 and a low of 0.33.

SeekingAlpha:  Legacy Reserves: A Look At Its Quarter

Historical Performance:

Over the last five trading days, LGCY shares returned -17.98% and in the past 30 trading days it returned -20.10%. Over three months, it changed -75.01%. In one year it has changed -95.92% and within that year its 52-week high was 10.54 and its 52-week low was 0.33. LGCY stock is 2.32% above its 52 Week Low.

Our calculations result in a 200 day moving average of 2.65 and a 50 day moving average of 0.57. Right now, LGCY stock is trading -87.16% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  Legacy Reserves: A Look At Its Quarter


The company has a market cap of $39.0m with 114.8m shares outstanding and a float of 107.9m shares. Trading volume was 829,291 shares and has experienced an average volume of 707,942 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.


The last annual reported EPS for Legacy Reserves was 0.19 which ended on 31st of December 2018, which according to the previous close, that is a PE of 1.79. Based on 1 analyst estimate, the estimated EPS for the next quarter is -0.11.

The next earnings report will be: 06-17-2019

EPS growth is an important number as it indicates the future prospects of Legacy Reserves; it is typically displayed as a percentage and called the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 9.40% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 32.30% of institutional ownership.

I calculated the beta to be 1.67

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 44.35%, return on assets is -7.11%, profit margin is -18.66%, price-to-sales is 0.08 and.

Company Score Card:

Results are out of six:
 0  : Growth Expectations Result
 0  : Financial Safety Result
 0  : Past Performance Result
 0  : Valuation Result
 0  : Dividend Safety Result
 0  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).


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