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Legacy Reserves Lp (NDAQ:LGCY) target price lowered to $1.00, reported today by Stifel Nicolaus

Stifel Nicolaus dropped the price target of Legacy Reserves Lp (NDAQ:LGCY) to $1.00 indicating a possible downside of -0.35%.

Yesterday Legacy Reserves Lp (NDAQ:LGCY) traded -1.84% lower at $1.53. The company’s 50-day moving average is $1.35 and its 200-day moving average is $1.63. The last closing price is down -1.58% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 191,577 shares of the stock were exchanged, up from an average trading volume of 166,792

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Legacy Reserves Lp (NDAQ: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.

In addition to Stifel Nicolaus reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $2.21 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 5 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 2 brokers rating the stock a sell.

General Information About Legacy Reserves Lp (NDAQ: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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