News headlines about Legacy Reserves (NASDAQ:LGCY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Legacy Reserves earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 45.4852525770096 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have commented on LGCY shares. Zacks Investment Research raised Legacy Reserves from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine downgraded Legacy Reserves from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $1.88.
Shares of Legacy Reserves (NASDAQ:LGCY) opened at $1.53 on Tuesday. Legacy Reserves has a fifty-two week low of $1.08 and a fifty-two week high of $2.77. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -2.79.
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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.
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