Legacy Reserves Inc fka LGCYQ

[THREE-DAY-TRADER]

Stifel Nicolaus downgraded LGCY from Buy to Hold today (12/7).
Good news is they think they're safe enough to be a hold.
But bad news is that it might cause some more volatility in it (and force an avg down for any recent entries before today).
Its hard to dance perfectly around analysts.
You never know when they'll unpredictably pop out and affect any stock on occasions, even after one like this has been hit hard already.
But I think LGCY is getting close to a turn around.
Has a great history of swings of 30% or much more from lows every few weeks.
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Dec 7, 2015:
http://www.benzinga.com/news/15/12/6025205/stifel-nicolaus-downgrades-legacy-reserves-to-hold



http://www.americanbankingnews.com/2015/12/07/legacy-reserves-lp-lgcy-downgraded-by-stifel-nicolaus/

Legacy Reserves LP (NASDAQ:LGCY) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports.

Legacy Reserves (NASDAQ:LGCY) opened at 2.50 on Monday. The company’s market capitalization is $173.76 million. The company has a 50-day moving average price of $3.73 and a 200-day moving average price of $6.50. Legacy Reserves has a one year low of $2.40 and a one year high of $16.16.

Legacy Reserves (NASDAQ:LGCY) last released its earnings results on Thursday, November 5th. The company reported ($1.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $1.16. The business had revenue of $89.50 million for the quarter, compared to analysts’ expectations of $102.02 million. The business’s revenue for the quarter was down 40.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 earnings per share. Equities research analysts anticipate that Legacy Reserves will post ($5.67) EPS for the current year.