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.
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?
Some companies that are related to Legacy Reserves LP include Earthstone Energy (ESTE), Approach Resources (AREX), Bellatrix Exploration Ltd (BXE), SandRidge Permian Trust (PER), Jones Energy (JONE), LRR Energy LP (LRE), Chesapeake Granite Wash Trust (CHKR), Cobalt International Energy (CIE), Goodrich Petroleum Corp (GDP), Enduro Royalty Trust (NDRO), Comstock Resources (CRK), EXCO Resources (XCO), Pacific Coast Oil Trust (ROYT), VOC Energy Trust (VOC), SandRidge Mississippian Trust II (SDR), MV Oil Trust (MVO), Mid-Con Energy Partners LP (MCEP) and VAALCO Energy (EGY).
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?
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)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.
Earnings History for Legacy Reserves LP (NASDAQ:LGCY)Earnings History by Quarter for Legacy Reserves LP (NASDAQ LGCY)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 2/23/2017 | Q4 2016 | ($0.26) | ($1.53) | $95.56 million | $91.59 million | View | N/A |  |
| 11/2/2016 | Q316 | ($0.22) | ($0.13) | $99.04 million | $83.50 million | View | N/A | |
| 8/3/2016 | Q2 | ($0.33) | ($0.81) | $78.32 million | $73.40 million | View | N/A | |
| 5/4/2016 | Q1 | ($0.67) | $1.47 | $83.91 million | $65.90 million | View | N/A | |
| 2/24/2016 | Q4 | ($0.34) | ($5.06) | $102.06 million | $79.90 million | View | Listen | |
| 11/4/2015 | Q315 | ($0.22) | ($1.38) | $102.02 million | $89.50 million | View | Listen | |
| 8/5/2015 | Q215 | ($0.11) | ($0.63) | $104.61 million | $87.80 million | View | Listen | |
| 5/6/2015 | Q115 | ($0.29) | ($3.39) | $102.50 million | $81.54 million | View | Listen | |
| 10/29/2014 | Q314 | $0.13 | $1.02 | $156.40 million | $149.68 million | View | Listen | |
| 7/30/2014 | Q214 | $0.32 | ($0.33) | $128.87 million | $137.10 million | View | N/A | |
| 2/19/2014 | Q413 | $0.32 | ($0.82) | $126.03 million | $122.00 million | View | N/A | |
| 11/4/2013 | Q313 | $0.34 | ($0.06) | $125.87 million | $136.18 million | View | N/A | |
| 8/5/2013 | Q2 2013 | $0.30 | $0.38 | $116.83 million | $118.40 million | View | N/A | |
| 5/6/2013 | Q1 2013 | $0.30 | ($0.12) | $111.57 million | $108.90 million | View | N/A | |
| 2/25/2013 | Q4 2012 | $0.37 | $0.04 | $89.98 million | $90.50 million | View | N/A | |
| 8/1/2012 | | $0.47 | $1.73 | | | View | N/A | |
| 5/2/2012 | | $0.44 | $0.15 | | | View | N/A | |
| 2/21/2012 | | $0.51 | ($1.28) | | | View | N/A | |
| 11/2/2011 | | $0.52 | $2.87 | | | View | N/A | |
| 8/3/2011 | | $0.46 | $1.51 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Legacy Reserves LP (NASDAQ:LGCY)2017 EPS Consensus Estimate: ($0.53)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($0.23) | ($0.23) | ($0.23) |
| Q2 2017 | 1 | ($0.13) | ($0.13) | ($0.13) |
| Q3 2017 | 1 | ($0.12) | ($0.12) | ($0.12) |
| Q4 2017 | 1 | ($0.05) | ($0.05) | ($0.05) |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Legacy Reserves LP (NASDAQ LGCY)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/27/2015 | quarterly | $0.15 | 17% | 11/3/2015 | 11/5/2015 | 11/13/2015 |
| 7/22/2015 | quarterly | $0.35 | 16.99% | 1/1/2015 | 7/31/2015 | 8/14/2015 |
| 4/21/2015 | quarterly | $0.35 | 10.19% | 4/29/2015 | 5/1/2015 | 5/15/2015 |
| 1/23/2015 | quarterly | $0.61 | 24.55% | 1/29/2015 | 2/2/2015 | 2/13/2015 |
| 10/20/2014 | quarterly | $0.61 | 10.71% | 10/29/2014 | 10/31/2014 | 11/14/2014 |
| 7/22/2014 | quarterly | $0.61 | 7.55% | 7/30/2014 | 8/1/2014 | 8/14/2014 |
| 4/22/2014 | quarterly | $0.60 | 9.21% | 4/30/2014 | 5/2/2014 | 5/15/2014 |
| 1/24/2014 | quarterly | $0.59 | 8.71% | 1/30/2014 | 2/3/2014 | 2/14/2014 |
| 1/24/2014 | | $0.59 | | 1/30/2014 | 2/3/2014 | 2/14/2014 |
| 10/22/2013 | quarterly | $0.59 | 7.98% | 10/30/2013 | 11/1/2013 | 11/14/2013 |
| 7/22/2013 | quarterly | $0.58 | 8.29% | 7/30/2013 | 8/1/2013 | 8/14/2013 |
| 4/22/2013 | quarterly | $0.58 | 8.33% | 4/30/2013 | 5/2/2013 | 5/15/2013 |
| 1/22/2013 | quarterly | $0.57 | 9.03% | 1/30/2013 | 2/1/2013 | 2/14/2013 |
(Data available from 1/1/2013 forward)
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/6/2017 | Kyle D Vann | Director | Buy | 25,000 | $2.35 | $58,750.00 | |
| 2/27/2017 | Cary D Brown | Director | Sell | 93,146 | $10.23 | $952,883.58 | |
| 10/1/2015 | Kyle D Vann | Director | Buy | 25,000 | $4.17 | $104,250.00 | |
| 8/18/2015 | Kyle Hammond | COO | Buy | 34,255 | $5.83 | $199,706.65 | |
| 12/19/2014 | Kyle D Vann | Director | Buy | 5,330 | $18.56 | $98,924.80 | |
| 12/9/2014 | Cary D Brown | CEO | Buy | 19,931 | $16.40 | $326,868.40 | |
| 6/17/2014 | Dale A Brown | Director | Buy | 200,000 | $25.00 | $5,000,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Legacy Reserves LP (NASDAQ:LGCY)
Latest Headlines for Legacy Reserves LP (NASDAQ:LGCY)
| Source: |
|
| Date | Headline |
|---|
 | Legacy Reserves: Still Cheap - Seeking Alpha
seekingalpha.com - May 24 at 6:18 PM |
 | Others Overlooked Legacy Reserves (LGCY), Should You Buy It Now?
finance.yahoo.com - May 19 at 10:50 AM |
 | FBR & Co Brokers Increase Earnings Estimates for Legacy Reserves LP (LGCY)
www.americanbankingnews.com - May 18 at 8:02 AM |
| -$0.21 Earnings Per Share Expected for Legacy Reserves LP (LGCY) This Quarter
www.americanbankingnews.com - May 16 at 2:16 PM |
| Legacy Reserves LP (LGCY) Given Hold Rating at FBR & Co
www.americanbankingnews.com - May 16 at 11:34 AM |
| Legacy Reserves LP (LGCY) Receives "Neutral" Rating from Citigroup Inc
www.americanbankingnews.com - May 15 at 3:50 PM |
| Legacy Reserves LP :LGCY-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 5:53 PM |
| Legacy Reserves' (LGCY) CEO Paul Horne on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 11:17 PM |
| Legacy Reserves Is Doing A Great Job - Seeking Alpha
seekingalpha.com - May 4 at 11:28 PM |
| Edited Transcript of LGCY earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:28 PM |
| Positive News Coverage Extremely Likely to Affect Legacy Reserves (LGCY) Stock Price
www.americanbankingnews.com - May 4 at 2:26 PM |
| Investor Network: Legacy Reserves LP to Host Earnings Call
finance.yahoo.com - May 4 at 11:57 AM |
| Legacy Reserves LP Announces First Quarter 2017 Results and Provides Operational and Financial Update
finance.yahoo.com - May 3 at 5:23 PM |
| Legacy Reserves LP (LGCY) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - May 2 at 12:40 AM |
| Somewhat Positive News Coverage Extremely Likely to Affect Legacy Reserves (LGCY) Share Price
www.americanbankingnews.com - May 1 at 10:19 AM |
| Legacy Reserves (LGCY) Receiving Favorable News Coverage, Report Shows
www.americanbankingnews.com - April 28 at 4:31 PM |
| -$0.25 EPS Expected for Legacy Reserves LP (LGCY) This Quarter
www.americanbankingnews.com - April 25 at 10:08 PM |
| Legacy Reserves (LGCY) Receiving Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 24 at 7:04 PM |
| Legacy Reserves LP Schedules Conference Call to Report First Quarter 2017 Results - Yahoo Finance
finance.yahoo.com - April 20 at 6:22 PM |
| Legacy Reserves LP Schedules Conference Call to Report First Quarter 2017 Results
finance.yahoo.com - April 19 at 6:22 PM |
| Legacy Reserves (LGCY) Receives Daily News Impact Rating of 0.04
www.americanbankingnews.com - April 14 at 6:52 PM |
| Legacy Reserves LP (LGCY) Sees Significant Drop in Short Interest
www.americanbankingnews.com - April 10 at 4:16 PM |
| Legacy: A Huge Vote Of Confidence - Seeking Alpha
seekingalpha.com - April 2 at 6:07 PM |
| 5:36 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 |
 | Legacy Reserves LP Announces Reaffirmed $600 Million Borrowing Base & Participation at Upcoming IPAA 2017 ... - GlobeNewswire (press release)
globenewswire.com - March 30 at 6:36 PM |
| Legacy 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 |
| Legacy Reserves: In Need Of Continued Joint Development ... - Seeking Alpha
seekingalpha.com - March 25 at 9:32 AM |
 | Legacy Reserves LP -- Moody's Upgrades Legacy's CFR to Caa2; Outlook Stable
www.moodys.com - March 21 at 11:15 PM |
| Legacy Reserves LP Announces 2016 Schedules K-1 Available - GlobeNewswire (press release)
globenewswire.com - March 7 at 6:02 PM |
| Legacy Reserves LP Announces 2016 Schedules K-1 Available
finance.yahoo.com - March 7 at 6:02 PM |
| LEGACY RESERVES LP Financials
finance.yahoo.com - February 28 at 6:24 PM |
| Legacy Reserves - Production Should Soar - Legacy Reserves LP ... - Seeking Alpha
seekingalpha.com - February 24 at 7:32 PM |
| Legacy Reserves' (LGCY) CEO Paul Horne on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 24 at 9:50 AM |
| Edited Transcript of LGCY earnings conference call or presentation 23-Feb-17 3:00pm GMT
finance.yahoo.com - February 23 at 11:16 PM |
| LEGACY RESERVES LP Files SEC form 8-K, Results of Operations and Financial Condition
biz.yahoo.com - February 23 at 6:15 PM |
| Legacy Reserves LP Announces Fourth Quarter and Annual 2016 Results and 2017 Guidance - GlobeNewswire (press release)
globenewswire.com - February 23 at 5:47 AM |
 | 5:07 pm Legacy Reserves reports Q4 (Dec) results, misses on revs
us.rd.yahoo.com - February 22 at 11:29 PM |
| Legacy Reserves LP (LGCY)
seekingalpha.com - February 22 at 6:26 PM |
| LEGACY RESERVES LP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 22 at 6:26 PM |
| LEGACY 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 |
| Legacy Reserves: The Balance Has Changed - Seeking Alpha
seekingalpha.com - February 10 at 7:02 PM |
| Legacy Reserves LP Announces Year-End 2016 Conference Call
finance.yahoo.com - February 8 at 7:02 PM |
| Legacy Reserves (LGCY) Shares March Higher, Can It Continue?
finance.yahoo.com - January 27 at 8:31 PM |
Legacy Reserves LP (LGCY) Chart for Tuesday, May, 30, 2017
