Legacy Reserves LP Unit (NASDAQ:LGCY) major shareholder Baines Creek Capital, Llc bought 74,076 shares of Legacy Reserves LP Unit stock in a transaction dated Friday, June 15th. The shares were acquired at an average price of $6.00 per share, with a total value of $444,456.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, June 18th, Baines Creek Capital, Llc acquired 214,693 shares of Legacy Reserves LP Unit stock. The shares were purchased at an average price of $6.18 per share, for a total transaction of $1,326,802.74.
  • On Thursday, May 24th, Baines Creek Capital, Llc purchased 80,000 shares of Legacy Reserves LP Unit stock. The shares were acquired at an average cost of $5.56 per share, for a total transaction of $444,800.00.
  • On Monday, April 30th, Baines Creek Capital, Llc purchased 50,398 shares of Legacy Reserves LP Unit stock. The shares were acquired at an average cost of $5.66 per share, for a total transaction of $285,252.68.
  • On Wednesday, May 2nd, Baines Creek Capital, Llc purchased 91,024 shares of Legacy Reserves LP Unit stock. The shares were acquired at an average cost of $5.71 per share, for a total transaction of $519,747.04.
  • On Friday, April 27th, Baines Creek Capital, Llc purchased 54,717 shares of Legacy Reserves LP Unit stock. The shares were acquired at an average cost of $5.33 per share, for a total transaction of $291,641.61.
  • On Wednesday, April 25th, Baines Creek Capital, Llc bought 24,201 shares of Legacy Reserves LP Unit stock. The shares were purchased at an average cost of $5.52 per share, for a total transaction of $133,589.52.
  • On Friday, April 13th, Baines Creek Capital, Llc bought 103,930 shares of Legacy Reserves LP Unit stock. The shares were purchased at an average cost of $5.12 per share, for a total transaction of $532,121.60.
  • On Monday, April 16th, Baines Creek Capital, Llc bought 119,815 shares of Legacy Reserves LP Unit stock. The shares were purchased at an average cost of $5.16 per share, for a total transaction of $618,245.40.
  • On Wednesday, April 11th, Baines Creek Capital, Llc bought 10,950 shares of Legacy Reserves LP Unit stock. The shares were purchased at an average cost of $5.05 per share, for a total transaction of $55,297.50.
  • On Monday, April 9th, Baines Creek Capital, Llc bought 25,117 shares of Legacy Reserves LP Unit stock. The shares were purchased at an average cost of $4.83 per share, for a total transaction of $121,315.11.

Legacy Reserves LP Unit traded up $0.36, reaching $6.53, during trading on Monday, according to MarketBeat.com. 456,039 shares of the company’s stock were exchanged, compared to its average volume of 766,751. Legacy Reserves LP Unit has a fifty-two week low of $1.07 and a fifty-two week high of $10.54. The company has a debt-to-equity ratio of -3.01, a quick ratio of 0.79 and a current ratio of 0.79.

Legacy Reserves LP Unit (NASDAQ:LGCY) last announced its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.64. Legacy Reserves LP Unit had a negative return on equity of 1.87% and a negative net margin of 1.24%. The firm had revenue of $137.48 million during the quarter.

A number of research firms recently weighed in on LGCY. BidaskClub upgraded Legacy Reserves LP Unit from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 27th. UBS Group upgraded Legacy Reserves LP Unit from a “sell” rating to a “neutral” rating in a research report on Monday, May 14th. Finally, ValuEngine upgraded Legacy Reserves LP Unit from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Legacy Reserves LP Unit has a consensus rating of “Hold” and a consensus target price of $1.00.

Several institutional investors have recently made changes to their positions in LGCY. X Square Capital LLC acquired a new stake in shares of Legacy Reserves LP Unit during the 1st quarter valued at about $587,000. Citigroup Inc. lifted its holdings in shares of Legacy Reserves LP Unit by 1,701.5% during the 1st quarter. Citigroup Inc. now owns 77,823 shares of the oil and gas producer’s stock valued at $366,000 after buying an additional 73,503 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Legacy Reserves LP Unit during the 4th quarter valued at about $110,000. Institutional investors and hedge funds own 18.67% of the company’s stock.

About Legacy Reserves LP Unit

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.

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

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