Insider Trading in Focus: Legacy Reserves LP $LGCY

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Legacy Reserves LP (LGCY) insiders have most recently took part in a trading activity. On Jan 10, 2018 Baines Creek Capital, Llc, 10% Owner bought 2,800 shares having total worth of $4,900 at the price of $1.75 per share, following the transaction a total of 7,916,930 shares owned by Baines Creek Capital, Llc. Before this latest buy, Baines Creek Capital, Llc purchased LGCY at 1 other times during the past twelve months, for a total investment of $160,848 at an average of $1.73 per share.

On Jan 9, 2018 Baines Creek Capital, Llc, 10% Owner bought 92,976 shares having total worth of $160,848 at the price of $1.73 per share, following the transaction a total of 7,914,130 shares owned by Baines Creek Capital, Llc.

Furthermore, over the past 12 months , the stock was traded 5 times by insiders. In 4 of these trades, the insider was a seller while an employee of the company was the buyer in 1 instances.

Shares of Legacy Reserves LP (LGCY) traded down 1.19% on Jan 4, 2018, hitting $1.66. 379,766 shares of the company’s stock traded hands. Legacy Reserves LP has a 52 week low of $1.09 and a 52 week high of $2.7. The company’s market cap is $99 million.

Legacy Reserves LP (LGCY) last announced its earnings results on Nov 1, 2017. The company reported -0.53 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.06 by $0.59. The company had revenue of $107 million for the quarter, compared to the consensus estimate of $120 million. During the same quarter in the previous year, the company posted -0.13 earnings per share. The company’s revenue for the quarter was up 28% on a year-over-year basis.

2017-11-01 2017-08-02 2017-05-03 2016-11-02 2016-08-03 2016-05-04 2016-02-24 2015-11-04 2015-08-05 2015-05-06
earnings per share -0.53 -0.19 0.00 -0.13 -0.81 -0.43 -0.33 -0.24 -0.63 -0.33
Revenue(M) 106.82 92.85 0 83.54 73.37 65.86 79.94 89.5 87.8 81.54

Legacy Reserves, LP, was formed on 26 October 2005 to own and operate the oil and natural gas properties that it acquired from its founding investors and three charitable foundations in connection with the closing of its private equity offering on March 15, 2006. On January 18, 2007, it completed its initial public offering. The Company is an independent oil and natural gas limited partnership headquartered in Midland, Texas, and are focused on the acquisition and development of oil and natural gas properties mainly located in the Permian Basin, Mid-continent and Rocky Mountain regions of the United States. The Company grows mainly through two activities: the acquisition of producing oil and natural gas properties and the development of producing properties, as opposed to the higher risk exploration of unproved properties. It operates in a highly competitive environment for acquiring properties, marketing oil and natural gas and securing trained personnel. The Company’s operations are subject to stringent and complex federal, state and local laws and regulations governing environmental protection as well as the discharge of materials into the environment.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.