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A statement released earlier today by Stifel Nicolaus about Legacy Reserves LP (NASDAQ:LGCY) bumps down the target price to $1.00

Having a price of $1.70, Legacy Reserves LP (NASDAQ:LGCY) traded -1.84% lower on the day. With the last close up -1.58% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. LGCY has recorded a 50-day average of $1.35 and a two hundred day average of $1.63. Trade Volume was up over the average, with 191,577 shares of LGCY changing hands over the typical 166,792

Stifel Nicolaus bumped down the target of Legacy Reserves LP (NASDAQ:LGCY) to $1.00 reporting a potential downside of -0.41%.

On 5/10/2017, Zacks Investment Research released a statement on Legacy Reserves LP (NASDAQ:LGCY) upped the target price from $0.00 to $2.25 that suggested an upside of 0.10%.

Recent Performance Chart

Legacy Reserves LP (NASDAQ:LGCY)

Legacy Reserves LP has with a one year low of $1.08 and a one year high of $2.77 and has a market capitalization of $0.

A total of 6 brokerages have reported on the stock. 0 firms rating the company a strong buy, zero analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the stock a underperform, and finally 2 brokerages rating the stock a sell with a average stock price target of $2.21.

General Company Details For Legacy Reserves LP (NASDAQ:LGCY)

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.

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