Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Legacy Reserves (LGCY) Share Price

Headlines about Legacy Reserves (NASDAQ:LGCY) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of 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 media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 45.4695416462424 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Separately, ValuEngine downgraded shares of Legacy Reserves from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Legacy Reserves has a consensus rating of “Hold” and a consensus target price of $1.88.

Legacy Reserves (NASDAQ LGCY) traded up $0.16 during mid-day trading on Thursday, reaching $2.05. 1,068,944 shares of the company’s stock were exchanged, compared to its average volume of 499,293. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.71 and a quick ratio of 0.71. Legacy Reserves has a fifty-two week low of $1.07 and a fifty-two week high of $2.77. The company has a market capitalization of $158.97, a PE ratio of -0.96 and a beta of 2.47.

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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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