Legacy Reserves LP Unit (NASDAQ:LGCY) major shareholder Baines Creek Capital, Llc purchased 50,000 shares of the company’s stock in a transaction dated Friday, October 12th. The stock was purchased at an average price of $5.02 per share, with a total value of $251,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Baines Creek Capital, Llc also recently made the following trade(s):

  • On Friday, October 5th, Baines Creek Capital, Llc purchased 50,000 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $5.04 per share, with a total value of $252,000.00.
  • On Tuesday, September 18th, Baines Creek Capital, Llc purchased 51,991 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $4.94 per share, with a total value of $256,835.54.
  • On Wednesday, September 12th, Baines Creek Capital, Llc purchased 71,632 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $5.38 per share, with a total value of $385,380.16.
  • On Monday, September 10th, Baines Creek Capital, Llc purchased 10,650 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $5.42 per share, with a total value of $57,723.00.
  • On Tuesday, September 4th, Baines Creek Capital, Llc purchased 37,820 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $5.42 per share, with a total value of $204,984.40.
  • On Thursday, September 6th, Baines Creek Capital, Llc purchased 84,988 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $5.22 per share, with a total value of $443,637.36.
  • On Thursday, August 30th, Baines Creek Capital, Llc purchased 27,500 shares of Legacy Reserves LP Unit stock. The stock was purchased at an average price of $5.39 per share, with a total value of $148,225.00.
  • On Tuesday, August 28th, Baines Creek Capital, Llc bought 60,676 shares of Legacy Reserves LP Unit stock. The shares were bought at an average cost of $5.29 per share, with a total value of $320,976.04.
  • On Thursday, August 23rd, Baines Creek Capital, Llc bought 108,659 shares of Legacy Reserves LP Unit stock. The shares were bought at an average cost of $5.19 per share, with a total value of $563,940.21.
  • On Monday, August 20th, Baines Creek Capital, Llc bought 59,995 shares of Legacy Reserves LP Unit stock. The shares were bought at an average cost of $4.82 per share, with a total value of $289,175.90.

NASDAQ:LGCY traded up $0.05 during trading hours on Friday, hitting $5.01. 287,860 shares of the company were exchanged, compared to its average volume of 620,980. The firm has a market cap of $373.11 million, a P/E ratio of -10.02 and a beta of 1.82. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of -1.63. Legacy Reserves LP Unit has a one year low of $1.07 and a one year high of $10.54.

Legacy Reserves LP Unit (NASDAQ:LGCY) last announced its earnings results on Wednesday, August 1st. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.17). The company had revenue of $139.28 million for the quarter. Legacy Reserves LP Unit had a negative return on equity of 1.87% and a negative net margin of 8.74%. As a group, equities research analysts expect that Legacy Reserves LP Unit will post 0.65 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its position in Legacy Reserves LP Unit by 7.2% during the 2nd quarter. FMR LLC now owns 9,756,322 shares of the oil and gas producer’s stock worth $67,319,000 after purchasing an additional 652,818 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Legacy Reserves LP Unit during the 2nd quarter worth $4,477,000. Raymond James & Associates raised its position in shares of Legacy Reserves LP Unit by 33.1% in the 2nd quarter. Raymond James & Associates now owns 103,886 shares of the oil and gas producer’s stock worth $717,000 after acquiring an additional 25,826 shares in the last quarter. Navellier & Associates Inc bought a new position in shares of Legacy Reserves LP Unit in the 2nd quarter worth about $653,000. Finally, Cavalier Investments LLC bought a new position in shares of Legacy Reserves LP Unit in the 2nd quarter worth about $551,000. 21.28% of the stock is owned by institutional investors and hedge funds.

LGCY has been the subject of several analyst reports. Seaport Global Securities initiated coverage on Legacy Reserves LP Unit in a research report on Wednesday, September 19th. They set a “neutral” rating for the company. BidaskClub lowered Legacy Reserves LP Unit from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Finally, ValuEngine lowered Legacy Reserves LP Unit from a “hold” rating to a “sell” rating in a research report on Friday.

Legacy Reserves LP Unit Company Profile

Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. As of December 31, 2017, the company owned interests in producing oil and natural gas properties in 606 fields comprising 10,492 gross productive wells, including 3,497 operated and 6,995 non-operated wells located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states.

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Insider Buying and Selling by Quarter for Legacy Reserves LP Unit (NASDAQ:LGCY)

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