Analyst Advice And Earnings Insight: Legacy Reserves LP (LGCY), DURECT Corporation (DRRX)

The recently concluded session had traders exchanging Legacy Reserves LP (NASDAQ:LGCY) high level. Roughly 0.69 million shares changed hands compared to the three-month volume average 0.18 million shares. The first trade took place at $1.65 and the stock went up 11.8% to attain the closing price of $1.8.

Legacy Reserves LP (LGCY) Analyst Opinion

Legacy Reserves LP has a consensus underperform rating from 2 Wall Street analysts, and the number of shares currently sold short amount to at least 1.84% of shares outstanding. The stock spiked 20.81% last month and is down -15.09 this year. Wall Street is only getting more bearish on the stock, with 0 of analysts who cover LGCY having a buy-equivalent rating. Analysts have placed a $1.13 price target on Legacy Reserves LP, suggesting a -37.22% decline from recent close. It’s currently trading about -35.02% below its 52-week high.

Legacy Reserves LP Earnings Surprise

Legacy Reserves LP (LGCY) failed to surprise the stock market in its last reported earnings when it earned -$0.53 a piece versus the consensus-estimated $0.06. Its revenue totaled $119.9 million up 29.13% from the previous quarter.

Legacy Reserves LP (NASDAQ:LGCY) Intraday View

This stock (LGCY) is ahead of its 52-week low with 66.34%. Its last month’s stock price volatility remained 11.31% which for the week stands at 7.43%. The share price has moved forward from its 20 days moving average, trading at a distance of 15.05% and stays 26.18% away from its 50 days moving average. Over the last five days, shares have managed 14.65% gains and now is up 2.78% since hitting its 200-day moving average of $1.54. Legacy Reserves LP (LGCY) has made its way to a 12-month gain of 20%.

Turning to DURECT Corporation (NASDAQ:DRRX), its shares were trading at $0.9 a retreat of $-0.05, on the trading floor. The stock, after opening at $0.9531, touched a high of $0.9667 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7. DURECT Corporation has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -58.51% from its high of $2.17 to a $128.34 million market value through last close.

DURECT Corporation (DRRX) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.5 to 1.5 during a month. Analysts set a 12-month price target of $1.97 a share. The target implies a 118.89% spike from where the shares are currently trading. Also, the current price highlights a discount of 233.33% to analysts’ high consensus price target.

DURECT Corporation (NASDAQ:DRRX) Intraday Trading

The counter witnessed a trading volume of 0.68 million shares versus an average volume of 0.78 million shares during last trading session. Its last month’s stock price volatility remained 15.49% which for the week approaches 10.58%. The lowest price the stock reached in the last trading day was $0.9 and compares with the $0.74 52-week low. The stock recovered 20.91% since its low point and has performed -32.81% year-to-date.

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