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 is focused on the acquisition and development of oil and natural gas properties located in the Permian Basin, Rocky Mountain and Mid-Continent regions of the United States. The Company has proved reserves of approximately 164.2 million barrels of crude oil equivalent (MMBoe), of which over 73% are natural gas, approximately 27% are oil and natural gas liquids (NGLs) and over 97% are classified as proved developed producing. The Company has completed approximately 140 acquisitions of oil and natural gas properties. It owns interests in producing oil and natural gas properties in over 720 fields in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. Legacy’s fields and regions include East Texas, Spraberry/War San, Piceance Basin, Lea, Texas Panhandle, Deep Rock, Shafter Lake, Jalmat, Winchester and Denton.