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Legacy Reserves Lp (NASDAQ:LGCY) has been downgraded from Hold to Sell in a statement by Stifel Nicolaus earlier today.

Showing a price of $1.61, Legacy Reserves Lp (NASDAQ:LGCY) traded 2.42% lower on the day. With the last stock price down 8.47% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. LGCY has logged a 50-day average of $1.62 and 200-day average of $1.76. 221,296 shares of Legacy Reserves Lp exchanged hands, down from ann average volume of 574,889

Stifel Nicolaus has downgraded Legacy Reserves Lp(NASDAQ:LGCY) from Hold to Sell in a statement released Monday September 19 2016.

Recent Performance Graphic:

Legacy Reserves Lp (NASDAQ:LGCY)

In addition to Stifel Nicolaus reporting it’s stock price target, a total of 6 equity analysts have reported on the company. The 12-month target is $2.21 with 0 rating the stock a strong buy, 0 rating the company a buy, five analysts rating the stock a hold, one firm rating the stock to underperform, and lastly two analysts rating the stock as sell.

With a market cap of $0.0, Legacy Reserves Lp has a P/E of 0 with a one-year low of $0.61 and a one-year high of $6.12.

General Information About Legacy Reserves Lp (NASDAQ:LGCY)

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, and Winchester and Denton.

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