Legacy Reserves LP (LGCY) : During the past 4 weeks, traders have been relatively bearish on Legacy Reserves LP (LGCY), hence the stock is down -3.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.39% relative to the S&P 500. The 4-week change in the price of the stock is -3.57% and the stock has fallen -3.23% in the past 1 week.
The stock has recorded a 20-day Moving Average of 11.3% and the 50-Day Moving Average is 14.98%.The 200 Day SMA reached 15.67%
Legacy Reserves LP (NASDAQ:LGCY): The stock opened in the green at $1.49 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.51 and a low of $1.34 for the day. The stock did not find buyers even at the lows and closed at $1.35 recording a loss of -9.40%. 611,574 shares exchanged hands during the trading day. The stock had closed at $1.35 in the previous days trading.
Legacy Reserves LP (LGCY) : Currently there are 4 street experts covering Legacy Reserves LP (LGCY) stock. The most bullish and bearish price target for the stock is $3 and $1 respectively for the short term. The average price target of all the analysts comes to $1.44. The estimated standard deviation from the target is $0.88.
Legacy Reserves LP (Legacy) is a master limited partnership Company. The Company focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, Rocky Mountain and Mid-Continent regions of the United States. As of December 31, 2014, the Company had proved reserves of approximately 139.0 Million Barrels of Oil Equivalent (MMBoe), of which 50% were oil and natural gas liquids (NGLs) and 89% were classified as proved developed producing, 2% were proved developed non-producing and 9% were proved undeveloped. The Companys proved reserves to production ratio were approximately 11.6 years based on the annualized production volumes. The Company completed 136 acquisitions of oil and natural gas properties for a total of approximately $2.1 billion.