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

Boasting a price of $1.70, Legacy Reserves (NASDAQ:LGCY) traded -1.84% lower on the day. With the last close up -1.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. LGCY has recorded a 50-day moving average of $1.35 and a 200-day moving average of $1.63. 191,577 shares of LGCY traded hands, up from an average trading volume of 166,792

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

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

Recent Performance Chart

Legacy Reserves (NASDAQ:LGCY)

Legacy Reserves has 52 week low of $1.08 and a 52 week high of $2.77 and has a market capitalization of $0.

A total of 6 brokerages have issued a ratings update on Legacy Reserves. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally two brokerages rating the company a sell with a 12-month price target of $2.21.

General Company Details For Legacy Reserves (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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