Legacy Reserves LP (NASDAQ:LGCY) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Boasting a price of $1.39, Legacy Reserves LP (NASDAQ:LGCY) traded 0.72% higher on the day. With the last stock price close down -23.30% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Legacy Reserves LP has recorded a 50-day average of $1.47 and a two hundred day average of $1.81. Volume of trade was down over the average, with 168,338 shares of LGCY changing hands under the typical 474,138
Zacks Investment Research has downgraded Legacy Reserves LP (NASDAQ:LGCY) to Strong Sell in a statement released on 10/12/2016.
With a total market value of $0, Legacy Reserves LP has with a one year low of $0.61 and a one year high of $5.39 .
A total of 6 equity analysts have released a research note on LGCY. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of $2.21.
More 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, Winchester and Denton.
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