Zacks Rating on Legacy Reserves LP (LGCY)

Legacy Reserves LP (LGCY) has an average broker rating of 3.5, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Legacy Reserves LP (LGCY) : Currently there are 3 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 $1.75. The estimated standard deviation from the target is $0.75.


Legacy Reserves LP has lost 3.03% in the last five trading days and dropped 2.44% in the last 4 weeks. Legacy Reserves LP has dropped 34.16% during the last 3-month period . Year-to-Date the stock performance stands at -8.57%. Legacy Reserves LP (NASDAQ:LGCY): The stock was completely flat for the day, closing at $1.60 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $1.58, the stock touched an intraday high of $1.64 and a low of $1.56. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.60. The total trading volume on Tuesday was 325,876.

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.

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