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 Ratio-9.92
Forward P/E Ratio10.33
P/E GrowthN/A
Sales & Book Value
Annual Sales$436.30 million
Price / Sales0.87
Cash Flow$1.6052 per share
Price / Cash3.09
Book Value($6.88) per share
Price / Book-0.72
Profitability
EPS (Most Recent Fiscal Year)($0.50)
Net Income$-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$384.64 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) issued its quarterly earnings results on Wednesday, August, 1st. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters' 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 return on equity of 1.87% and a negative net margin of 8.74%. 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?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Legacy Reserves LP Unit in the last year. There are currently 2 hold ratings 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 decline in short interest during the month of September. As of September 28th, there was short interest totalling 390,984 shares, a decline of 47.8% from the September 14th total of 749,263 shares. Based on an average daily volume of 746,577 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock 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 Laredo Petroleum (LPI), Unit (UNT), Penn Virginia (PVAC), Enbridge Energy Management (EEQ), W&T Offshore (WTI), GeoPark (GPRK), Chaparral Energy Inc Class A (CHPE), HighPoint Resources (HPR), GENEL ENERGY PL/ADR (GEGYY), Chaparral Energy (CHAP), Stone Energy (SGY), NOSTRUM OIL & G/ADR (NSTRY), Resolute Energy (REN), Halcon Resources (HK) and Hess Midstream Partners (HESM).
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)
Who are Legacy Reserves LP Unit's major shareholders?
Legacy Reserves LP Unit's stock is owned by many different of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.82%). Company insiders that own Legacy Reserves LP Unit stock include Baines Creek Capital, Llc, Cary D Brown, Dan G Leroy, James Daniel Westcott, Kyle A Mcgraw, Kyle D Vann, Kyle Hammond, Micah C Foster and Paul T Horne. View Institutional Ownership Trends for Legacy Reserves LP Unit.
Which major investors are selling Legacy Reserves LP Unit stock?
LGCY stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc.. Company insiders that have sold Legacy Reserves LP Unit company stock in the last year include Dan G Leroy, James Daniel Westcott, Kyle A Mcgraw, Kyle Hammond, Micah C Foster and Paul T Horne. 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 $4.96.
How big of a company is Legacy Reserves LP Unit?
Legacy Reserves LP Unit has a market capitalization of $384.64 million and generates $436.30 million in revenue each year. The oil and gas producer earns $-53,890,000.00 in net income (profit) each year or ($0.50) on an earnings per share basis. Legacy Reserves LP Unit employs 331 workers across the globe.
What is Legacy Reserves LP Unit's official website?
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.
