Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. As of December 31, 2017, the company owned interests in producing oil and natural gas properties in 606 fields comprising 10,492 gross productive wells, including 3,497 operated and 6,995 non-operated wells located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states. It had proved reserves of approximately 180.0 million barrels of crude oil equivalent. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:LGCY
CUSIPN/A
Phone432-689-5200
Debt
Debt-to-Equity Ratio-1.63
Current Ratio0.17
Quick Ratio0.17
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$436.30 million
Price / Sales0.79
Cash Flow$1.5186 per share
Price / Cash2.95
Book Value($6.88) per share
Price / Book-0.65
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-53,890,000.00
Net Margins-8.74%
Return on Equity-1.87%
Return on Assets-2.19%
Miscellaneous
Employees331
Outstanding Shares76,930,000
Market Cap$367.72 million
Legacy Reserves LP Unit (NASDAQ:LGCY) Frequently Asked Questions
What is Legacy Reserves LP Unit's stock symbol?
Legacy Reserves LP Unit trades on the NASDAQ under the ticker symbol "LGCY."
How were Legacy Reserves LP Unit's earnings last quarter?
Legacy Reserves LP Unit (NASDAQ:LGCY) announced its earnings results on Wednesday, August, 1st. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.01 by $0.17. The oil and gas producer earned $139.28 million during the quarter. Legacy Reserves LP Unit had a negative net margin of 8.74% and a negative return on equity of 1.87%. View Legacy Reserves LP Unit's Earnings History.
When is Legacy Reserves LP Unit's next earnings date?
What is the consensus analysts' recommendation for Legacy Reserves LP Unit?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Reserves LP Unit in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Legacy Reserves LP Unit.
Are investors shorting Legacy Reserves LP Unit?
Legacy Reserves LP Unit saw a decrease in short interest in the month of July. As of July 13th, there was short interest totalling 1,414,692 shares, a decrease of 27.7% from the June 29th total of 1,955,807 shares. Based on an average trading volume of 357,349 shares, the short-interest ratio is presently 4.0 days. Approximately 2.8% of the shares of the company are short sold. View Legacy Reserves LP Unit's Current Options Chain.
Who are some of Legacy Reserves LP Unit's key competitors?
Some companies that are related to Legacy Reserves LP Unit include Unit (UNT), Penn Virginia (PVAC), HighPoint Resources (HPR), GeoPark (GPRK), Enbridge Energy Management (EEQ), GENEL ENERGY PL/ADR (GEGYY), W&T Offshore (WTI), Chaparral Energy Inc Class A (CHPE), Resolute Energy (REN), Stone Energy (SGY), Talos Energy (TALO), Bonanza Creek Energy (BCEI), Halcon Resources (HK), Hess Midstream Partners (HESM) and Dorchester Minerals (DMLP).
Who are Legacy Reserves LP Unit's key executives?
Legacy Reserves LP Unit's management team includes the folowing people:
- Mr. Paul T. Horne, Chairman & CEO of Legacy Reserves GP, LLC (Age 56)
- Mr. James Daniel Westcott, Pres & CFO of Legacy Reserves GP, LLC (Age 38)
- Mr. Kyle M. Hammond, Exec. VP & COO of Legacy Reserves GP, LLC (Age 57)
- Mr. Dan G. LeRoy, VP, Gen. Counsel & Sec. of Legacy Reserves GP LLC (Age 56)
- Mr. Kyle A. McGraw, Exec. VP, Chief Devel. Officer & Director of Legacy Reserves GP, LLC (Age 58)
Has Legacy Reserves LP Unit been receiving favorable news coverage?
News articles about LGCY stock have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Legacy Reserves LP Unit earned a media and rumor sentiment score of 0.16 on Accern's scale. They also assigned news articles about the oil and gas producer an impact score of 47.29 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Legacy Reserves LP Unit.
Who are Legacy Reserves LP Unit's major shareholders?
Legacy Reserves LP Unit's stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (12.68%), Hennessy Advisors Inc. (0.84%), Raymond James & Associates (0.14%), Navellier & Associates Inc (0.12%), Cavalier Investments LLC (0.12%) and Oppenheimer & Co. Inc. (0.07%). Company insiders that own Legacy Reserves LP Unit stock include Baines Creek Capital, Llc, Cary D Brown and Kyle D Vann. View Institutional Ownership Trends for Legacy Reserves LP Unit.
Which major investors are selling Legacy Reserves LP Unit stock?
Which major investors are buying Legacy Reserves LP Unit stock?
LGCY stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Hennessy Advisors Inc., Navellier & Associates Inc, Cavalier Investments LLC, AMP Capital Investors Ltd and Raymond James & Associates. Company insiders that have bought Legacy Reserves LP Unit stock in the last two years include Baines Creek Capital, Llc and Kyle D Vann. View Insider Buying and Selling for Legacy Reserves LP Unit.
How do I buy shares of Legacy Reserves LP Unit?
Shares of LGCY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Legacy Reserves LP Unit's stock price today?
One share of LGCY stock can currently be purchased for approximately $4.48.
How big of a company is Legacy Reserves LP Unit?
Legacy Reserves LP Unit has a market capitalization of $367.72 million and generates $436.30 million in revenue each year. Legacy Reserves LP Unit employs 331 workers across the globe.
How can I contact Legacy Reserves LP Unit?
Legacy Reserves LP Unit's mailing address is 303 W. Wall Street Suite 1800, MIDLAND TX, 79701. The oil and gas producer can be reached via phone at 432-689-5200.
MarketBeat Community Rating for Legacy Reserves LP Unit (NASDAQ LGCY)
MarketBeat's community ratings are surveys of what our community members think about Legacy Reserves LP Unit and other stocks. Vote "Outperform" if you believe LGCY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LGCY will underperform the S&P 500 over the long term. You may vote once every thirty days.
