Legacy Reserves (LGCY) Given Daily Media Impact Score of 0.16

News articles about Legacy Reserves (NASDAQ:LGCY) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Legacy Reserves earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.5683361762683 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Legacy Reserves (LGCY) traded down 1.64% during mid-day trading on Friday, hitting $1.20. The stock had a trading volume of 139,395 shares. The stock has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.81. Legacy Reserves has a 12-month low of $1.08 and a 12-month high of $2.77.

A number of analysts have weighed in on LGCY shares. Zacks Investment Research upgraded Legacy Reserves from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “sell” rating and set a $1.00 price target 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. FBR & Co restated a “hold” rating on shares of Legacy Reserves in a research note on Tuesday, May 16th. Finally, Citigroup Inc. restated a “neutral” rating and set a $2.15 price target (down previously from $2.50) on shares of Legacy Reserves in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $1.96.

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Legacy Reserves Company Profile

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.