Legacy Reserves LP (LGCY) Scheduled to Post Earnings on Wednesday
Legacy Reserves LP (NASDAQ:LGCY) will post its quarterly earnings results after the market closes on Wednesday, November 1st.
Shares of Legacy Reserves LP (NASDAQ:LGCY) opened at 1.54 on Wednesday. Legacy Reserves LP has a 12-month low of $1.08 and a 12-month high of $2.77. The company’s market capitalization is $112.24 million. The company has a 50 day moving average of $1.44 and a 200-day moving average of $1.58.
A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of Legacy Reserves from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Legacy Reserves from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “sell” rating and issued a $1.00 price target on shares of Legacy Reserves in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1.88.
About Legacy Reserves
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.
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