Legacy Reserves (LGCY) Receives Daily Media Impact Score of 0.02

News headlines about Legacy Reserves (NASDAQ:LGCY) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Alpha One 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 0.02 on Alpha One’s scale. Alpha One also gave news stories about the oil and gas producer an impact score of 96 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have effected AlphaOne’s rankings:

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

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut Legacy Reserves from a “hold” rating to a “sell” rating and dropped their price target for the company from $2.00 to $1.00 in a research report on Thursday, June 8th. FBR & Co restated a “hold” rating on shares of Legacy Reserves in a research report on Tuesday, May 16th. Citigroup Inc. restated a “neutral” rating and issued a $2.15 price target (down previously from $2.50) on shares of Legacy Reserves in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded Legacy Reserves from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Legacy Reserves has a consensus rating of “Hold” and an average target price of $1.96.

Legacy Reserves (LGCY) traded down 1.42% during mid-day trading on Monday, reaching $1.39. The company had a trading volume of 85,075 shares. The stock’s 50-day moving average is $1.92 and its 200 day moving average is $2.16. The firm’s market capitalization is $100.95 million. Legacy Reserves has a 12 month low of $1.13 and a 12 month high of $2.77.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LGCY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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