Published On: Wed, Oct 19th, 2016

Broker Changes For Legacy Reserves LP (NASDAQ:LGCY)


Recently stock market analysts have updated their consensus ratings on shares of Legacy Reserves LP (NASDAQ:LGCY).

Most recent broker ratings

09/19/2016 – Legacy Reserves LP was downgraded to “sell” by analysts at Stifel Nicolaus. They now have a USD 0.5 price target on the stock.

07/06/2016 – Legacy Reserves LP was upgraded to “market perform” by analysts at FBR Capital Markets. They now have a USD 1.75 price target on the stock.

03/21/2016 – Legacy Reserves LP had its “neutral” rating reiterated by analysts at Citigroup. They now have a USD 1.25 price target on the stock.

02/18/2016 – Legacy Reserves LP was downgraded to “underperform” by analysts at Wells Fargo.

02/12/2016 – Legacy Reserves LP was downgraded to “neutral” by analysts at Ladenburg Thalmann.

12/18/2015 – Legacy Reserves LP had its “hold” rating reiterated by analysts at Barclays.

10/21/2015 – Legacy Reserves LP was downgraded to “underperform” by analysts at Bank of America Merrill Lynch. They now have a USD 4 price target on the stock.

10/14/2015 – Legacy Reserves LP was downgraded to “hold” by analysts at Wunderlich. They now have a USD 6 price target on the stock.

09/09/2015 – Legacy Reserves LP was downgraded to “sell” by analysts at UBS. They now have a USD 5.5 price target on the stock.

08/12/2015 – Legacy Reserves LP was downgraded to “underperform” by analysts at Oppenheimer.

08/07/2015 – Legacy Reserves LP had its “sector perform” rating reiterated by analysts at RBC Capital. They now have a USD 11 price target on the stock.

05/08/2015 – Legacy Reserves LP had its “buy” rating reiterated by analysts at MLV & Co. They now have a USD 14 price target on the stock.

04/01/2015 – Legacy Reserves LP had its “neutral” rating reiterated by analysts at JP Morgan. They now have a USD 10 price target on the stock.

01/22/2015 – Legacy Reserves LP was downgraded to “market perform” by analysts at Raymond James. They now have a USD 20 price target on the stock.

12/16/2014 – Legacy Reserves LP was downgraded to “neutral” by analysts at Robert W. Baird. They now have a USD 9 price target on the stock.

Legacy Reserves LP has a 50 day moving average of 1.44 and a 200 day moving average of 1.83. The stock’s market capitalization is 90.51M, it has a 52-week low of 0.61 and a 52-week high of 5.20.

The share price of the company (NASDAQ:LGCY) was up +3.31% during the last trading session, with a high of 1.28 and the volume of Legacy Reserves LP shares traded was 282127.

Legacy Reserves LP (Legacy) is a master limited partnership company. The Company focuses on the acquisition and development of oil and natural gas properties located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. As of December 31, 2016, the Company had proved reserves of approximately 144.8 million barrels of crude oil equivalent (MMBoe), of which 72% were natural gas, 28% were oil and natural gas liquids (NGLs) and 94% were classified as proved developed producing. As of December 31, 2016, the Company owned interests in producing oil and natural gas properties in 627 fields in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and various other states, from 10,775 gross productive wells, of which 3,799 were operated and 6,976 were non-operated. The Company’s fields and regions include East Texas, Piceance Basin, Spraberry/War San, Lea, Texas Panhandle and Deep Rock.