LGCY stock: buy or sell?
June 26th, 2019
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Legacy Reserves stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Legacy Reserves stock a buy?
Banks and financial institutions publish stock ratings everyday.Unfortunately, we couldn't find any rating for LGCY stock for the last 30 days.
LGCY stock analysis
Shares of Legacy Reserves ended today at $0.06 and collapsed a dreadful -14.29%.
Legacy Reserves collapsed a dreadful -14.29% and closed at $0.06. 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.
Legacy Reserves ended this week at $0.06 and plummed a frightening -33.33%. Early June LGCY rocketed an exceptional 51.85% in just one week. For 3 weeks in a row, price slid and lost a -161.54%.
Since price and 20-weeks moving average lines crossed down by mid July 2018, LGCY fell $-6.11 per share (-99.03%).
LGCY stock price history
LGCY IPO was on January 16th, 2007 at $8.02 per share1. Since then, LGCY stock lost a -99.30%, 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 $7.43, and all-time highs 2014-07-24 with a price of 25.37.
LGCY stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' LGCY stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price prediction for Legacy Reserves stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareLegacy Reserves disappointed analysts on March when it published an Earnings per Share (EPS) of $0.04 when the market consensus was $0.06.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a dazzling growth of 27.17% to $554.86 million dollars. Aligned with this, its income margin (compared to sales) rocketed to 7.90%, that is $43.83 million.
|2013||$485 M||-||$-35.27 M-7.3%||-|
|2014||$532 M||9.64%||$-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||$436 M||38.79%||$-53.90 M-12.4%||-3.45%|
|2018||$555 M||27.17%||$44 M7.9%||-181.33%|
Quarterly financial resultsLegacy Reserves posted $132.89 million in sales for 2018-Q4, a -8.48% decline compared to previous quarter. Reported quarter income marked $78.01 M with a profit margin of 58.70%. Profit margin boosted a 91.66% compared to previous quarter when profit margin was -32.95%. When comparing revenues to same quarter last year, Legacy Reserves sales marked a bad loss and declined a -3.06%.
|2017-Q1||$100 M||-||$16 M16.4%||-|
|2017-Q2||$93 M||-6.73%||$-11 M-11.9%||-167.68%|
|2017-Q3||$107 M||15.04%||$-34 M-31.7%||205.65%|
|2017-Q4||$137 M||28.35%||$-25 M-18.5%||-25.22%|
|2018-Q1||$137 M||0.28%||$64 M46.8%||-354.21%|
|2018-Q2||$139 M||1.31%||$-51 M-36.4%||-178.76%|
|2018-Q3||$145 M||4.25%||$-48 M-33.0%||-5.63%|
|2018-Q4||$133 M||-8.48%||$78 M58.7%||-263.03%|
Legacy Reserves ownershipWhen you are planning to buy a company, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Legacy Reserves, 13.47% of all outstanding shares are owned by its staff.
In case of Legacy Reserves stock, 41.89% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for LGCY stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
|Market cap||$6.9 M|
|Total shares||114.8 M|
|Float shares||82.1 M|
|- Institutional holdings (%)||41.9%|
|- Insider holdings (%)||13.5%|
|Shares in short selling||0.0%|
|Wednesday, June 26th, 2019|
|Day range||$0.05 - $0.07|
|Average true range||$0.06|
|50d mov avg||$0.28|
|100d mov avg||$0.62|
|200d mov avg||$1.89|
Legacy Reserves performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Legacy Reserves to :