LGCY stock: buy or sell?
July 12th, 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?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.
|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 post stock ratings everyday.Unfortunately, we couldn't detect any rating for LGCY stock for the last 30 days.
LGCY stock analysis
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.
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 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 targetHow 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 ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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%.
|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 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:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Friday, July 12th, 2019|
|Day range||$0.01 - $0.02|
|Average true range||$0.02|
|50d mov avg||$0.23|
|100d mov avg||$0.53|
|200d mov avg||$1.74|
Legacy Reserves performanceStocks 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 .