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Legacy Reserves LP (NASDAQ:LGCY) has been downgraded to Strong Sell in a statement by ValuEngine earlier today.

ValuEngine has downgraded Legacy Reserves LP (NASDAQ:LGCY) to Strong Sell in a statement released on 6/20/2017.

On 6/8/2017, Stifel Nicolaus released a statement for Legacy Reserves LP (NASDAQ:LGCY) bumped down the target price from $2.00 to $1.00 that suggested a downside of -0.41%.

Boasting a price of $1.37, Legacy Reserves LP (NASDAQ:LGCY) traded -4.65% lower on the day. With the last stock price close down -28.09% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Legacy Reserves LP has recorded a 50-day average of $1.26 and a two hundred day average of $1.71. Volume of trade was down over the average, with 77,674 shares of LGCY changing hands under the typical 154,528

Performance Chart

Legacy Reserves LP (NASDAQ:LGCY)

Legacy Reserves LP has a 52 week low of $1.08 and a 52 week high of $2.77 The company’s market cap is currently $0.

A total of 6 analysts have released a report on the stock. 0 firms rating the company a strong buy, zero equity analysts rating the company a buy, 5 brokers rating the stock a hold, 1 broker rating the company a underperform, and finally two analysts rating the company a sell with a 12-month price target of $2.21.

Brief Synopsis On 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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