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:
- Legacy Reserves Expands Second Lien Term Loan, Increases Senior Notes Ownership (oilandgasinvestor.com)
- Depictions by Performance Growth and Chart Analysis: Legacy Reserves LP (LGCY) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Legacy Reserves LP Announces Expanded Second Lien Term Loan … – GlobeNewswire (press release) (globenewswire.com)
- Legacy Reserves LP Announces Expanded Second Lien Term Loan and Increased Senior Notes Ownership (finance.yahoo.com)
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.
COPYRIGHT VIOLATION WARNING: This report was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://stocknewstimes.com/2018/01/11/legacy-reserves-lgcy-receiving-somewhat-positive-press-coverage-analysis-shows.html.
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.
Receive News & Ratings for Legacy Reserves Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legacy Reserves and related companies with MarketBeat.com's FREE daily email newsletter.