Legacy Reserves LP (NASDAQ:LGCY) major shareholder Baines Creek Capital, Llc bought 526,000 shares of Legacy Reserves stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $2.27 per share, with a total value of $1,194,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, February 2nd, Baines Creek Capital, Llc bought 150,000 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.28 per share, with a total value of $342,000.00.
  • On Wednesday, January 31st, Baines Creek Capital, Llc bought 275,000 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.39 per share, with a total value of $657,250.00.
  • On Monday, January 29th, Baines Creek Capital, Llc bought 100,000 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.49 per share, with a total value of $249,000.00.
  • On Friday, January 26th, Baines Creek Capital, Llc bought 158,953 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.51 per share, with a total value of $398,972.03.
  • On Wednesday, January 24th, Baines Creek Capital, Llc bought 141,986 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.31 per share, with a total value of $327,987.66.
  • On Monday, January 22nd, Baines Creek Capital, Llc bought 121,641 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.23 per share, with a total value of $271,259.43.
  • On Friday, January 19th, Baines Creek Capital, Llc bought 69,636 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.10 per share, with a total value of $146,235.60.
  • On Tuesday, January 16th, Baines Creek Capital, Llc bought 161,000 shares of Legacy Reserves stock. The stock was acquired at an average price of $2.09 per share, with a total value of $336,490.00.
  • On Tuesday, January 9th, Baines Creek Capital, Llc bought 92,976 shares of Legacy Reserves stock. The stock was acquired at an average price of $1.73 per share, with a total value of $160,848.48.

Shares of Legacy Reserves LP (NASDAQ LGCY) opened at $2.29 on Thursday. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $164.65, a P/E ratio of -1.08 and a beta of 2.85. Legacy Reserves LP has a one year low of $1.07 and a one year high of $2.60.

Several large investors have recently added to or reduced their stakes in LGCY. Raymond James Financial Services Advisors Inc. raised its position in shares of Legacy Reserves by 123.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 68,952 shares of the oil and gas producer’s stock valued at $101,000 after purchasing an additional 38,110 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Legacy Reserves in the third quarter valued at approximately $430,000. Finally, RR Advisors LLC raised its position in shares of Legacy Reserves by 40.5% in the third quarter. RR Advisors LLC now owns 850,000 shares of the oil and gas producer’s stock valued at $1,292,000 after purchasing an additional 245,000 shares during the period. 20.18% of the stock is currently owned by institutional investors.

Separately, ValuEngine cut shares of Legacy Reserves from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.88.

COPYRIGHT VIOLATION NOTICE: “Baines Creek Capital, Llc Buys 526,000 Shares of Legacy Reserves LP (LGCY) Stock” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/08/baines-creek-capital-llc-buys-526000-shares-of-legacy-reserves-lp-lgcy-stock.html.

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.

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

Receive News & Ratings for Legacy Reserves Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legacy Reserves and related companies with MarketBeat.com's FREE daily email newsletter.