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Legacy Reserves (LGCY) Climbs: Stock Adds 14% in Session

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Legacy Reserves LP was a big mover last session, as the company saw its shares rise almost 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.10 to $2.53 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Legacy Reserves currently carries a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

Another favourably placed stock in the same industry is Denbury Resources Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here

Is LGCY going up? Or down? Predict to see what others think: Up or Down

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