Legacy Reserves LP Company Profile (NASDAQ:LGCY)

About Legacy Reserves LP (NASDAQ:LGCY)

Legacy Reserves LP logoLegacy 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.

Industry, Sector and Symbol:
  • Sector:
  • Industry: Independent Oil & Gas
  • Sub-Industry: N/A
  • Symbol: NASDAQ:LGCY
  • CUSIP: N/A
  • Web: www.legacylp.com
Capitalization:
  • Market Cap: $146.7 million
  • Outstanding Shares: 72,623,000
Average Prices:
  • 50 Day Moving Avg: $2.13
  • 200 Day Moving Avg: $2.17
  • 52 Week Range: $1.13 - $2.77
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -4.30
  • P/E Growth: -0.30
Sales & Book Value:
  • Annual Revenue: $348.05 million
  • Price / Sales: 0.42
  • Book Value: ($6.02) per share
  • Price / Book: -0.34
Profitability:
  • EBIDTA: $88.56 million
  • Net Margins: -97.58%
  • Return on Assets: -6.15%
Debt:
  • Debt-to-Equity Ratio: -3.32%
  • Current Ratio: 1.14%
  • Quick Ratio: 1.14%
Misc:
  • Average Volume: 230,972 shs.
  • Beta: 2.36
  • Short Ratio: 3.24
 

Frequently Asked Questions for Legacy Reserves LP (NASDAQ:LGCY)

What is Legacy Reserves LP's stock symbol?

Legacy Reserves LP trades on the NASDAQ under the ticker symbol "LGCY."

How were Legacy Reserves LP's earnings last quarter?

Legacy Reserves LP (NASDAQ:LGCY) announced its quarterly earnings results on Thursday, February, 23rd. The company reported ($1.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by $1.27. The company earned $91.59 million during the quarter, compared to the consensus estimate of $95.56 million. Legacy Reserves LP's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($5.06) EPS. View Legacy Reserves LP's Earnings History.

Where is Legacy Reserves LP's stock going? Where will Legacy Reserves LP's stock price be in 2017?

3 brokers have issued 1-year target prices for Legacy Reserves LP's stock. Their forecasts range from $1.75 to $2.50. On average, they anticipate Legacy Reserves LP's stock price to reach $2.13 in the next year. View Analyst Ratings for Legacy Reserves LP.

What are analysts saying about Legacy Reserves LP stock?

Here are some recent quotes from research analysts about Legacy Reserves LP stock:

  • 1. FBR & Co analysts commented, "We are lowering our price target on Legacy Reserves LP to $2.00/unit (from $2.50) following the partnership’s 1Q17 earnings update earlier this month. The quarter was a miss, and our 2017 EBITDA estimate is coming down, but we remain intrigued by LGCY’s position in the prolific Permian Basin." (5/16/2017)
  • 2. According to Zacks Investment Research, "Legacy Reserves LP is an independent oil and natural gas limited partnership headquartered in Midland, Texas, and is focused on the acquisition and exploitation of oil and natural gas properties primarily located in the Permian Basin and Mid-continent regions. " (5/10/2017)

Who are some of Legacy Reserves LP's key competitors?

Who are Legacy Reserves LP's key executives?

Legacy Reserves LP's management team includes the folowing people:

  • Paul T. Horne, Chairman of the Board, President, Chief Executive Officer of Legacy Reserves GP LLC
  • James Daniel Westcott, Chief Financial Officer, Executive Vice President of Legacy Reserves GP, LLC
  • Kyle Hammond, Chief Operating Officer, Executive Vice President of Legacy Reserves GP, LLC
  • Kyle A. McGraw, Executive Vice President, Director
  • Micah C. Foster, Chief Accounting Officer, Controller of Legacy Reserves GP, LLC
  • Dan G. LeRoy, Vice President, General Counsel, Secretary of Legacy Reserves GP LLC
  • Kyle D. Vann, Lead Independent Director of Legacy Reserves GP, LLC
  • Cary D. Brown, Director of the Board of Legacy Reserves GP, LLC
  • Dale A. Brown, Director of Legacy Reserves GP, LLC
  • Dwight Scott, Director

Who owns Legacy Reserves LP stock?

Legacy Reserves LP's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (14.98%), Credit Suisse AG (2.75%), Prescott Group Capital Management L.L.C. (0.67%), California Public Employees Retirement System (0.26%), Oppenheimer & Co. Inc. (0.20%) and Morgan Stanley (0.13%). Company insiders that own Legacy Reserves LP stock include Cary D Brown, Kyle D Vann and Kyle Hammond. View Institutional Ownership Trends for Legacy Reserves LP.

Who sold Legacy Reserves LP stock? Who is selling Legacy Reserves LP stock?

Legacy Reserves LP's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, California Public Employees Retirement System, UBS Group AG and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Legacy Reserves LP.

Who bought Legacy Reserves LP stock? Who is buying Legacy Reserves LP stock?

Legacy Reserves LP's stock was bought by a variety of institutional investors in the last quarter, including Credit Suisse AG. Company insiders that have bought Legacy Reserves LP stock in the last two years include Kyle D Vann and Kyle Hammond. View Insider Buying and Selling for Legacy Reserves LP.

How do I buy Legacy Reserves LP stock?

Shares of Legacy Reserves LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Legacy Reserves LP's stock price today?

One share of Legacy Reserves LP stock can currently be purchased for approximately $2.02.


MarketBeat Community Rating for Legacy Reserves LP (NASDAQ LGCY)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  117 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  321
MarketBeat's community ratings are surveys of what our community members think about Legacy Reserves LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Legacy Reserves LP (NASDAQ:LGCY) (?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $2.13 (5.61% upside)

Analysts' Ratings History for Legacy Reserves LP (NASDAQ:LGCY)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017FBR & CoReiterated RatingNeutral -> HoldLowView Rating Details
5/15/2017Citigroup IncReiterated RatingNeutral$2.50 -> $2.15LowView Rating Details
10/26/2016Stifel NicolausUpgradeSell -> Hold$1.75N/AView Rating Details
3/28/2016Robert W. BairdLower Price TargetOutperform -> Neutral$25.00 -> $9.00N/AView Rating Details
2/18/2016Wells Fargo & CoDowngradeMarket Perform -> UnderperformN/AView Rating Details
2/12/2016Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralN/AView Rating Details
12/18/2015Barclays PLCReiterated RatingHoldN/AView Rating Details
10/21/2015Bank of America CorpDowngradeNeutral -> Underperform$12.00 -> $4.00N/AView Rating Details
10/14/2015WunderlichDowngradeBuy -> Hold$13.00 -> $6.00N/AView Rating Details
8/13/2015JPMorgan Chase & Co.Boost Price Target$9.00 -> $12.00N/AView Rating Details
8/12/2015Oppenheimer Holdings Inc.DowngradeMarket Perform -> UnderperformN/AView Rating Details
8/7/2015Royal Bank of CanadaReiterated RatingSector Perform$13.00 -> $11.00N/AView Rating Details
(Data available from 5/30/2015 forward)

Earnings

Earnings History for Legacy Reserves LP (NASDAQ:LGCY)
Earnings by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Earnings History by Quarter for Legacy Reserves LP (NASDAQ LGCY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/23/2017Q4 2016($0.26)($1.53)$95.56 million$91.59 millionViewN/AView Earnings Details
11/2/2016Q316($0.22)($0.13)$99.04 million$83.50 millionViewN/AView Earnings Details
8/3/2016Q2($0.33)($0.81)$78.32 million$73.40 millionViewN/AView Earnings Details
5/4/2016Q1($0.67)$1.47$83.91 million$65.90 millionViewN/AView Earnings Details
2/24/2016Q4($0.34)($5.06)$102.06 million$79.90 millionViewListenView Earnings Details
11/4/2015Q315($0.22)($1.38)$102.02 million$89.50 millionViewListenView Earnings Details
8/5/2015Q215($0.11)($0.63)$104.61 million$87.80 millionViewListenView Earnings Details
5/6/2015Q115($0.29)($3.39)$102.50 million$81.54 millionViewListenView Earnings Details
10/29/2014Q314$0.13$1.02$156.40 million$149.68 millionViewListenView Earnings Details
7/30/2014Q214$0.32($0.33)$128.87 million$137.10 millionViewN/AView Earnings Details
2/19/2014Q413$0.32($0.82)$126.03 million$122.00 millionViewN/AView Earnings Details
11/4/2013Q313$0.34($0.06)$125.87 million$136.18 millionViewN/AView Earnings Details
8/5/2013Q2 2013$0.30$0.38$116.83 million$118.40 millionViewN/AView Earnings Details
5/6/2013Q1 2013$0.30($0.12)$111.57 million$108.90 millionViewN/AView Earnings Details
2/25/2013Q4 2012$0.37$0.04$89.98 million$90.50 millionViewN/AView Earnings Details
8/1/2012$0.47$1.73ViewN/AView Earnings Details
5/2/2012$0.44$0.15ViewN/AView Earnings Details
2/21/2012$0.51($1.28)ViewN/AView Earnings Details
11/2/2011$0.52$2.87ViewN/AView Earnings Details
8/3/2011$0.46$1.51ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Legacy Reserves LP (NASDAQ:LGCY)
2017 EPS Consensus Estimate: ($0.53)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.23)($0.23)($0.23)
Q2 20171($0.13)($0.13)($0.13)
Q3 20171($0.12)($0.12)($0.12)
Q4 20171($0.05)($0.05)($0.05)
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Legacy Reserves LP (NASDAQ LGCY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/27/2015quarterly$0.1517%11/3/201511/5/201511/13/2015
7/22/2015quarterly$0.3516.99%1/1/20157/31/20158/14/2015
4/21/2015quarterly$0.3510.19%4/29/20155/1/20155/15/2015
1/23/2015quarterly$0.6124.55%1/29/20152/2/20152/13/2015
10/20/2014quarterly$0.6110.71%10/29/201410/31/201411/14/2014
7/22/2014quarterly$0.617.55%7/30/20148/1/20148/14/2014
4/22/2014quarterly$0.609.21%4/30/20145/2/20145/15/2014
1/24/2014quarterly$0.598.71%1/30/20142/3/20142/14/2014
1/24/2014$0.591/30/20142/3/20142/14/2014
10/22/2013quarterly$0.597.98%10/30/201311/1/201311/14/2013
7/22/2013quarterly$0.588.29%7/30/20138/1/20138/14/2013
4/22/2013quarterly$0.588.33%4/30/20135/2/20135/15/2013
1/22/2013quarterly$0.579.03%1/30/20132/1/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Legacy Reserves LP (NASDAQ:LGCY)
Insider Ownership Percentage: 10.20%
Institutional Ownership Percentage: 17.84%
Insider Trades by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Institutional Ownership by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Insider Trades by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/6/2017Kyle D VannDirectorBuy25,000$2.35$58,750.00View SEC Filing  
2/27/2017Cary D BrownDirectorSell93,146$10.23$952,883.58View SEC Filing  
10/1/2015Kyle D VannDirectorBuy25,000$4.17$104,250.00View SEC Filing  
8/18/2015Kyle HammondCOOBuy34,255$5.83$199,706.65View SEC Filing  
12/19/2014Kyle D VannDirectorBuy5,330$18.56$98,924.80View SEC Filing  
12/9/2014Cary D BrownCEOBuy19,931$16.40$326,868.40View SEC Filing  
6/17/2014Dale A BrownDirectorBuy200,000$25.00$5,000,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Legacy Reserves LP (NASDAQ:LGCY)
Latest Headlines for Legacy Reserves LP (NASDAQ:LGCY)
Source:
DateHeadline
seekingalpha.com logoLegacy Reserves: Still Cheap - Seeking Alpha
seekingalpha.com - May 24 at 6:18 PM
finance.yahoo.com logoOthers Overlooked Legacy Reserves (LGCY), Should You Buy It Now?
finance.yahoo.com - May 19 at 10:50 AM
americanbankingnews.com logoFBR & Co Brokers Increase Earnings Estimates for Legacy Reserves LP (LGCY)
www.americanbankingnews.com - May 18 at 8:02 AM
americanbankingnews.com logo-$0.21 Earnings Per Share Expected for Legacy Reserves LP (LGCY) This Quarter
www.americanbankingnews.com - May 16 at 2:16 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Given Hold Rating at FBR & Co
www.americanbankingnews.com - May 16 at 11:34 AM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Receives "Neutral" Rating from Citigroup Inc
www.americanbankingnews.com - May 15 at 3:50 PM
finance.yahoo.com logoLegacy Reserves LP :LGCY-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 5:53 PM
seekingalpha.com logoLegacy Reserves' (LGCY) CEO Paul Horne on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 11:17 PM
seekingalpha.com logoLegacy Reserves Is Doing A Great Job - Seeking Alpha
seekingalpha.com - May 4 at 11:28 PM
finance.yahoo.com logoEdited Transcript of LGCY earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:28 PM
americanbankingnews.com logoPositive News Coverage Extremely Likely to Affect Legacy Reserves (LGCY) Stock Price
www.americanbankingnews.com - May 4 at 2:26 PM
finance.yahoo.com logoInvestor Network: Legacy Reserves LP to Host Earnings Call
finance.yahoo.com - May 4 at 11:57 AM
finance.yahoo.com logoLegacy Reserves LP Announces First Quarter 2017 Results and Provides Operational and Financial Update
finance.yahoo.com - May 3 at 5:23 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - May 2 at 12:40 AM
americanbankingnews.com logoSomewhat Positive News Coverage Extremely Likely to Affect Legacy Reserves (LGCY) Share Price
www.americanbankingnews.com - May 1 at 10:19 AM
americanbankingnews.com logoLegacy Reserves (LGCY) Receiving Favorable News Coverage, Report Shows
www.americanbankingnews.com - April 28 at 4:31 PM
americanbankingnews.com logo-$0.25 EPS Expected for Legacy Reserves LP (LGCY) This Quarter
www.americanbankingnews.com - April 25 at 10:08 PM
americanbankingnews.com logoLegacy Reserves (LGCY) Receiving Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 24 at 7:04 PM
finance.yahoo.com logoLegacy Reserves LP Schedules Conference Call to Report First Quarter 2017 Results - Yahoo Finance
finance.yahoo.com - April 20 at 6:22 PM
finance.yahoo.com logoLegacy Reserves LP Schedules Conference Call to Report First Quarter 2017 Results
finance.yahoo.com - April 19 at 6:22 PM
americanbankingnews.com logoLegacy Reserves (LGCY) Receives Daily News Impact Rating of 0.04
www.americanbankingnews.com - April 14 at 6:52 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Sees Significant Drop in Short Interest
www.americanbankingnews.com - April 10 at 4:16 PM
seekingalpha.com logoLegacy: A Huge Vote Of Confidence - Seeking Alpha
seekingalpha.com - April 2 at 6:07 PM
finance.yahoo.com logo5:36 pm Legacy Reserves announced semi-annual borrowing base review under $1.5 bln secured revolving credit facility resulted in reaffirmation of previous borrowing base of $600 mln
finance.yahoo.com - March 30 at 11:37 PM
globenewswire.com logoLegacy Reserves LP Announces Reaffirmed $600 Million Borrowing Base & Participation at Upcoming IPAA 2017 ... - GlobeNewswire (press release)
globenewswire.com - March 30 at 6:36 PM
finance.yahoo.com logoLegacy Reserves LP Announces Reaffirmed $600 Million Borrowing Base & Participation at Upcoming IPAA 2017 OGIS New York Conference
finance.yahoo.com - March 30 at 6:35 PM
seekingalpha.com logoLegacy Reserves: In Need Of Continued Joint Development ... - Seeking Alpha
seekingalpha.com - March 25 at 9:32 AM
moodys.com logoLegacy Reserves LP -- Moody's Upgrades Legacy's CFR to Caa2; Outlook Stable
www.moodys.com - March 21 at 11:15 PM
globenewswire.com logoLegacy Reserves LP Announces 2016 Schedules K-1 Available - GlobeNewswire (press release)
globenewswire.com - March 7 at 6:02 PM
finance.yahoo.com logoLegacy Reserves LP Announces 2016 Schedules K-1 Available
finance.yahoo.com - March 7 at 6:02 PM
finance.yahoo.com logoLEGACY RESERVES LP Financials
finance.yahoo.com - February 28 at 6:24 PM
seekingalpha.com logoLegacy Reserves - Production Should Soar - Legacy Reserves LP ... - Seeking Alpha
seekingalpha.com - February 24 at 7:32 PM
seekingalpha.com logoLegacy Reserves' (LGCY) CEO Paul Horne on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 24 at 9:50 AM
finance.yahoo.com logoEdited Transcript of LGCY earnings conference call or presentation 23-Feb-17 3:00pm GMT
finance.yahoo.com - February 23 at 11:16 PM
biz.yahoo.com logoLEGACY RESERVES LP Files SEC form 8-K, Results of Operations and Financial Condition
biz.yahoo.com - February 23 at 6:15 PM
globenewswire.com logoLegacy Reserves LP Announces Fourth Quarter and Annual 2016 Results and 2017 Guidance - GlobeNewswire (press release)
globenewswire.com - February 23 at 5:47 AM
us.rd.yahoo.com logo5:07 pm Legacy Reserves reports Q4 (Dec) results, misses on revs
us.rd.yahoo.com - February 22 at 11:29 PM
seekingalpha.com logoLegacy Reserves LP (LGCY)
seekingalpha.com - February 22 at 6:26 PM
biz.yahoo.com logoLEGACY RESERVES LP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 22 at 6:26 PM
biz.yahoo.com logoLEGACY RESERVES LP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
biz.yahoo.com - February 22 at 6:26 PM
seekingalpha.com logoLegacy Reserves: The Balance Has Changed - Seeking Alpha
seekingalpha.com - February 10 at 7:02 PM
finance.yahoo.com logoLegacy Reserves LP Announces Year-End 2016 Conference Call
finance.yahoo.com - February 8 at 7:02 PM
finance.yahoo.com logoLegacy Reserves (LGCY) Shares March Higher, Can It Continue?
finance.yahoo.com - January 27 at 8:31 PM

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Chart

Legacy Reserves LP (LGCY) Chart for Tuesday, May, 30, 2017

This page was last updated on 5/30/2017 by MarketBeat.com Staff