News stories about Legacy Reserves (NASDAQ:LGCY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Legacy Reserves earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 45.6054835013937 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Is Legacy Reserves LP (NASDAQ:LGCY) Ready for a Breakout? - FLBC News (flbcnews.com)
- Legacy Reserves LP Schedules Conference Call to Report Second … - GlobeNewswire (press release) (globenewswire.com)
- Legacy Reserves LP Schedules Conference Call to Report Second Quarter 2017 Results (finance.yahoo.com)
- Legacy Reserves LP (NASDAQ:LGCY) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Investor Update: Focusing in on Shares of Legacy Reserves LP (NASDAQ:LGCY) - Sparta Review (spartareview.com)
A number of research firms have weighed in on LGCY. Zacks Investment Research lowered Legacy Reserves from a “hold” rating to a “sell” rating in a research note on Tuesday. Stifel Nicolaus reissued a “sell” rating and set a $1.00 price objective on shares of Legacy Reserves in a research note on Friday, July 14th. ValuEngine lowered Legacy Reserves from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Citigroup Inc. reissued a “neutral” rating and set a $2.15 price objective (down previously from $2.50) on shares of Legacy Reserves in a research note on Monday, May 15th. Finally, FBR & Co reissued a “hold” rating on shares of Legacy Reserves in a research note on Tuesday, May 16th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $1.96.
Shares of Legacy Reserves (NASDAQ:LGCY) traded down 2.40% during trading on Thursday, hitting $1.22. The stock had a trading volume of 42,133 shares. Legacy Reserves has a 12-month low of $1.13 and a 12-month high of $2.77.
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About Legacy Reserves
Legacy Reserves LP (Legacy) is a master limited partnership company. The Company focuses on the acquisition and development of oil and natural gas properties located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. As of December 31, 2016, the Company had proved reserves of approximately 144.8 million barrels of crude oil equivalent (MMBoe), of which 72% were natural gas, 28% were oil and natural gas liquids (NGLs) and 94% were classified as proved developed producing.
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