Legacy Reserves LP (LGCY) Reaches $6.13 After 4.00% Down Move; Shaw Communications Inc. (TSE:SJR.B) Had 4 Analysts Last Week

June 10, 2018 - By Marguerite Chambers

Shaw Communications Inc. (TSE:SJR.B) Logo

The stock of Legacy Reserves LP (NASDAQ:LGCY) is a huge mover today! The stock decreased 3.31% or $0.21 during the last trading session, reaching $6.13. About 584,004 shares traded. Legacy Reserves LP (NASDAQ:LGCY) has risen 148.06% since June 10, 2017 and is uptrending. It has outperformed by 135.49% the S&P500. Some Historical LGCY News: ; 03/04/2018 – Legacy Reserves LP Announces Participation at Upcoming IPAA 2018 OGIS New York Conference; 02/05/2018 – Legacy Reserves 1Q Rev $137.5M; 26/03/2018 – LEGACY RESERVES LP, GP TO BECOME UNITS OF LEGACY RESERVES INC; 22/04/2018 – DJ Legacy Reserves LP, Inst Holders, 1Q 2018 (LGCY); 26/03/2018 – LEGACY RESERVES INC. TO BUY THE GENERAL PARTNER, BE SOLE MEMBER; 02/05/2018 – Legacy Reserves 1Q EPS 78c; 02/05/2018 – Legacy Reserves 1Q Net $64.4M; 09/03/2018 LEGACY RESERVES LP LGCY.O : UBS RAISES TARGET PRICE TO $1.50 FROM $1.40; 26/03/2018 – LEGACY RESERVES LP – EXECUTES DEFINITIVE DOCUMENTATION TO EFFECTUATE ITS CORPORATE TRANSITION TO LEGACY RESERVES INC, REFERRED TO AS “NEW LEGACY”; 26/03/2018 – Legacy Reserves LP Announces Corporate Transition and Conference Call to Discuss TransactionThe move comes after 7 months negative chart setup for the $471.36M company. It was reported on Jun, 10 by Barchart.com. We have $5.88 PT which if reached, will make NASDAQ:LGCY worth $18.85M less.

Among 8 analysts covering Shaw Communications Inc. (TSE:SJR.B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Shaw Communications Inc. had 33 analyst reports since September 9, 2015 according to SRatingsIntel. TD Securities maintained Shaw Communications Inc. (TSE:SJR.B) rating on Thursday, November 3. TD Securities has “Buy” rating and $29 target. As per Wednesday, June 29, the company rating was maintained by TD Securities. The firm earned “Buy” rating on Friday, October 27 by Echelon Wealth Partners. Scotia Capital initiated it with “Outperform” rating and $29 target in Wednesday, April 5 report. The rating was maintained by Scotia Capital with “Outperform” on Monday, May 1. Scotia Capital maintained it with “Outperform” rating and $29 target in Tuesday, November 22 report. Scotia Capital maintained Shaw Communications Inc. (TSE:SJR.B) on Friday, January 6 with “Outperform” rating. Scotia Capital maintained Shaw Communications Inc. (TSE:SJR.B) rating on Friday, January 13. Scotia Capital has “Outperform” rating and $29 target. BMO Capital Markets maintained Shaw Communications Inc. (TSE:SJR.B) rating on Thursday, April 13. BMO Capital Markets has “Market Perform” rating and $30 target. The company was maintained on Thursday, November 3 by Scotia Capital. See Shaw Communications Inc. (TSE:SJR.B) latest ratings:

The stock increased 0.26% or $0.07 during the last trading session, reaching $26.98. About 1.00M shares traded. Shaw Communications Inc. (TSE:SJR.B) has 0.00% since June 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Shaw Communications Inc. operates as a diversified communications firm in Canada and the United States. The company has market cap of $13.64 billion. The firm operates through Consumer, Business Network Services, Business Infrastructure Services, and Wireless divisions. It has a 24.33 P/E ratio. The Consumer segment provides cable telecommunications services, including video, Internet, WiFi and phone, and satellite video services.

Among 11 analysts covering Legacy Reserves (NASDAQ:LGCY), 0 have Buy rating, 4 Sell and 7 Hold. Therefore 0 are positive. Legacy Reserves had 24 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Wunderlich on Friday, August 7 with “Buy”. As per Thursday, September 29, the company rating was maintained by Citigroup. The stock has “Neutral” rating by Citigroup on Monday, September 14. The stock has “Sell” rating by Stifel Nicolaus on Thursday, June 8. The rating was downgraded by UBS on Wednesday, September 9 to “Sell”. FBR Capital maintained Legacy Reserves LP (NASDAQ:LGCY) rating on Monday, October 12. FBR Capital has “Outperform” rating and $8 target. Wells Fargo downgraded Legacy Reserves LP (NASDAQ:LGCY) on Thursday, February 18 to “Underperform” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Monday, December 7 report. The rating was maintained by Stifel Nicolaus with “Sell” on Thursday, July 13. As per Friday, February 12, the company rating was downgraded by Ladenburg Thalmann.

Investors sentiment decreased to 0.55 in Q1 2018. Its down 0.12, from 0.67 in 2017Q4. It dived, as 11 investors sold Legacy Reserves LP shares while 9 reduced holdings. 6 funds opened positions while 5 raised stakes. 14.08 million shares or 10.67% less from 15.76 million shares in 2017Q4 were reported. Fir Tree Capital Mngmt L P, a New York-based fund reported 3.80 million shares. 25,458 were reported by Comml Bank Of America De. Deutsche Commercial Bank Ag has 0% invested in Legacy Reserves LP (NASDAQ:LGCY) for 8 shares. Baystate Wealth Mgmt Ltd Liability invested 0% of its portfolio in Legacy Reserves LP (NASDAQ:LGCY). Tower Lc (Trc) invested in 200 shares or 0% of the stock. Hightower Advsr Llc holds 0% of its portfolio in Legacy Reserves LP (NASDAQ:LGCY) for 83,011 shares. Adirondack Trust holds 200 shares. California-based California Pub Employees Retirement Systems has invested 0% in Legacy Reserves LP (NASDAQ:LGCY). Geode Mngmt stated it has 0% in Legacy Reserves LP (NASDAQ:LGCY). Raymond James owns 56,518 shares for 0% of their portfolio. Oxbow Advsr Ltd Liability Co stated it has 20,010 shares. 259 were reported by Manufacturers Life Insur Communications The. Walleye Trading Limited Liability Company has invested 0% in Legacy Reserves LP (NASDAQ:LGCY). Oppenheimer & Co reported 0.01% in Legacy Reserves LP (NASDAQ:LGCY). Citigroup owns 77,823 shares.

More notable recent Legacy Reserves LP (NASDAQ:LGCY) news were published by: Seekingalpha.com which released: “Legacy Reserves: Examining Its Asset Value” on June 10, 2018, also Seekingalpha.com with their article: “Legacy Reserves: The Spread Is Real” published on May 17, 2018, Seekingalpha.com published: “Legacy Reserves: Let The Fundamentals Tell The Story” on May 30, 2018. More interesting news about Legacy Reserves LP (NASDAQ:LGCY) were released by: Nasdaq.com and their article: “Why Legacy Reserves LP Stock Dropped 16% Today” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Legacy Reserves: Only Limited Benefit From Rising 2018 And 2019 Oil Prices” with publication date: May 22, 2018.

Legacy Reserves LP (NASDAQ:LGCY) Institutional Positions Chart

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