Shares of the company are trading at $1.56 a bit higher than the 50 day moving average which is $1.44 and slightly below the 200 day moving average of $1.59. The 50 day moving average was up $0.12 or +8.61% and the 200 day average moved down $-0.03. (NASDAQ:LGCY) shares saw light trading volume with 1,882 shares changing hands on Tuesday. Volume was down 98.34% under the stocks average daily volume.
Short traders are more bullish on shares of Legacy Reserves LP – Units Repr recently as implied by the downtick in short interest. The firm realized a fall in short interest between September 15, 2017 and September 29, 2017 of -1.61%. Short shares fell from 986,808 to 970,914 over that period. With short interest at 970,914 and short average daily volume at 175,239, days to cover is 6.0 and the percentage of shorted shares was 0.01% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (LGCY). As of the end of the quarter Oxbow Advisors, LLC had sold 600 shares trimming its stake by 1.2%. The value in dollars went from $112,000 to $71,000 decreasing 36.6% since the last quarter. As of quarter end Raymond James Financial Services Advisors, Inc. had acquired a total of 38,110 shares growing its position 123.6%. The value of the investment in (LGCY) increased from $71,000 to $101,000 a change of $30,000 quarter to quarter.
Ubs Group Ag cut its ownership by selling 3,110 shares a decrease of 90.7%. Ubs Group Ag controls 317 shares with a value of $0. The value of the position overall is down by 100.0%. Jane Street Group, LLC reduced its stake by shedding 38,473 shares a decrease of 30.8% as of 06/30/2017. Jane Street Group, LLC now holds 86,527 shares worth $126,000. The total value of its holdings decreased 55.9%.
As of the latest earnings report the EPS was $-1.72 and is projected to be $0.03 for the current year with 72,880,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.14 with next year’s EPS anticipated to be $0.31.
Legacy Reserves LP (Legacy), launched on October 26, 2005, 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. As of December 31, 2016, the Company owned interests in producing oil and natural gas properties in 627 fields in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and various other states, from 10,775 gross productive wells, of which 3,799 were operated and 6,976 were non-operated. The Business’s fields and regions include East Texas, Piceance Basin, Spraberry/War San, Lea, Texas Panhandle and Deep Rock..