LGCY stock: buy or sell?

LGCY stock price: $0.02 100.00% At close on July 12th, 2019

Updated on:
July 12th, 2019

1

After sliding a spooky -100.00% on July, Legacy Reserves closed on July at $0.02 and boosted an outstanding 100.00%.

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.

Should I buy LGCY stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Legacy Reserves stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Legacy Reserves stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't detect any rating for LGCY stock for the last 30 days.

LGCY stock analysis

Daily outlook

After sliding a spooky -100.00% on July, Legacy Reserves closed on July at $0.02 and boosted an outstanding 100.00%.

After sliding a spooky -100.00% on July, Legacy Reserves closed on July at $0.02 and boosted an outstanding 100.00%. LGCY marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $0.22 would break this short term down trend and open possibilities for reversing this situation.

LGCY stock chart (daily)

Weekly outlook

Legacy Reserves collapsed a scary -50.00% this week. Early June LGCY climbed a dazzling 51.85% in just one week. This was the 4th red week in a row, sliding in full a -192.31%.

Since price and 20-weeks moving average lines crossed down by mid July 2018, LGCY fell $-6.15 per share (-99.68%).

LGCY stock chart (weekly)

LGCY stock price history

LGCY stock went public on January 16th, 2007 with a price of $8.021. Since then, LGCY stock declined a -99.80%, with a yearly average of -8.30%.

1: Adjusted price after possible price splits or reverse-splits.

LGCY stock historical price chart

LGCY stock reached 52-week highs at $6.97, and all-time highs 2014-07-24 with a price of 25.37.

LGCY stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price prediction for Legacy Reserves stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Legacy Reserves failed to meet the expectations of the experts and reported a bloodcurdling EPS of $0.04 per share when experts were expecting $0.06.
LGCY earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.2n/a
2017-Q2-n/a-0.1n/a
2017-Q32017-11-010.06-0.53n/a
2017-Q42018-02-21n/a-0.23n/a
2018-Q12018-05-02n/a0.78n/a
2018-Q22018-08-01n/a-0.72n/a
2018-Q32018-10-310.23-0.01n/a
2018-Q42019-03-180.060.04-33.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a dazzling gain of 27.17% to $554.86 million USD. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) rocketed a 20.25% to 7.90%.

LGCY annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$485 M-$-35.27 M-7.3%-
2014$532 M9.64%$-283.65 M-53.3%704.21%
2015$339 M-36.36%$-701.54 M-207.1%147.33%
2016$314 M-7.21%$-55.82 M-17.8%-92.04%
2017$436 M38.79%$-53.90 M-12.4%-3.45%
2018$555 M27.17%$44 M7.9%-181.33%

Quarterly financial results

Legacy Reserves posted $132.89 M in sales for 2018-Q4, a -8.48% decline compared to previous quarter. Reported quarter earnings marked $78.01 million with a profit margin of 58.70%. Profit margin skyrocketed a 91.66% compared to previous quarter when profit margin was -32.95%. When comparing sales to same quarter last year, Legacy Reserves sales marked a bad loss and depreciated a -3.06%.
LGCY quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$100 M-$16 M16.4%-
2017-Q2$93 M-6.73%$-11 M-11.9%-167.68%
2017-Q3$107 M15.04%$-34 M-31.7%205.65%
2017-Q4$137 M28.35%$-25 M-18.5%-25.22%
2018-Q1$137 M0.28%$64 M46.8%-354.21%
2018-Q2$139 M1.31%$-51 M-36.4%-178.76%
2018-Q3$145 M4.25%$-48 M-33.0%-5.63%
2018-Q4$133 M-8.48%$78 M58.7%-263.03%

Legacy Reserves ownership

When you are planning to invest in shares of a stock, it's worth to check its ownership structure.

Legacy Reserves shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

For a better understanding, the following table shows ownership data compared to other related companies:

LGCY
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

LGCY summary

Friday, July 12th, 2019
Open$0.02
Close$0.02
Day range$0.01 - $0.02
Previous close$0.01
Session gain100.00%
Average true range$0.02
50d mov avg$0.23
100d mov avg$0.53
200d mov avg$1.74
Daily patternlb06a
Weekly pattern

Legacy Reserves performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Legacy Reserves, the comparison is made against .
Stock3m6m12m
LGCYLegacy Reserves-95.45%-98.98%-99.68%

Legacy Reserves competitors

Unfortunately, we could not find any public company that could be defined as Legacy Reserves competitor. This doesn't mean Legacy Reserves does not have any competitor in the market, it's just we could not detected it.