About Legacy Reserves (NASDAQ:LGCY)
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
Trailing P/E Ratio-4.39
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$436.30 million
Price / Sales0.77
Cash Flow$1.76 per share
Price / Cash2.50
Book Value($6.88) per share
Price / Book-0.64
Return on EquityN/A
Return on Assets-2.80%
Legacy Reserves (NASDAQ:LGCY) Frequently Asked Questions
What is Legacy Reserves' stock symbol?
Legacy Reserves trades on the NASDAQ under the ticker symbol "LGCY."
How were Legacy Reserves' earnings last quarter?
Legacy Reserves LP (NASDAQ:LGCY) released its earnings results on Wednesday, February, 21st. The oil and gas producer reported ($0.23) earnings per share for the quarter. The oil and gas producer had revenue of $137.09 million for the quarter. View Legacy Reserves' Earnings History.
When will Legacy Reserves make its next earnings announcement?
Where is Legacy Reserves' stock going? Where will Legacy Reserves' stock price be in 2018?
3 Wall Street analysts have issued 1-year price targets for Legacy Reserves' shares. Their forecasts range from $1.00 to $2.15. On average, they anticipate Legacy Reserves' share price to reach $1.58 in the next year. View Analyst Ratings for Legacy Reserves.
What are Wall Street analysts saying about Legacy Reserves stock?
Here are some recent quotes from research analysts about Legacy Reserves stock:
- 1. 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. " (8/9/2017)
- 2. 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)
Who are some of Legacy Reserves' key competitors?
Some companies that are related to Legacy Reserves include Ophir Energy (OPHRY), Earthstone Energy (ESTE), Hurricane Energy (HRCXF), W&T Offshore (WTI), Bonanza Creek Energy (BCEI), Genel Energy (GEGYY), Dorchester Minerals (DMLP), Bill Barrett (BBG), Hess Midstream Partners (HESM), Penn Virginia (PVAC), Enquest (ENQUF), Obsidian Energy (OBE), Africa Oil (AOIFF), Soco International (SOCLF), San Juan Basin Royalty Trust (SJT), EP Energy (EPE), Eclipse Resources (ECR) and Pengrowth Energy (PGH).
Who are Legacy Reserves' key executives?
Legacy Reserves' management team includes the folowing people:
- Paul T. Horne, Chairman of the Board, Chief Executive Officer of Legacy Reserves GP LLC (Age 54)
- James Daniel Westcott, President, Chief Financial Officer of Legacy Reserves GP, LLC (Age 37)
- Kyle Hammond, Chief Operating Officer, Executive Vice President of Legacy Reserves GP, LLC (Age 54)
- Kyle A. McGraw, Executive Vice President, Director (Age 55)
- Micah C. Foster, Chief Accounting Officer, Controller of Legacy Reserves GP, LLC (Age 35)
- Dan G. LeRoy, Vice President, General Counsel, Secretary of Legacy Reserves GP LLC (Age 53)
- Kyle D. Vann, Lead Independent Director of Legacy Reserves GP, LLC (Age 69)
- Cary D. Brown, Director of the Board of Legacy Reserves GP, LLC (Age 49)
- Dale A. Brown, Director of Legacy Reserves GP, LLC (Age 72)
- Dwight Scott, Director
Has Legacy Reserves been receiving favorable news coverage?
Headlines about LGCY stock have trended somewhat positive on Thursday, Accern reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Legacy Reserves earned a news sentiment score of 0.17 on Accern's scale. They also gave media headlines about the oil and gas producer an impact score of 46.96 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Legacy Reserves' major shareholders?
Legacy Reserves' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
BAINES CREEK CAPITAL, LLC
BAINES CREEK CAPITAL, LLC
(15.06%) and Virtu Financial LLC (0.09%). Company insiders that own Legacy Reserves stock include Baines Creek Capital, Llc, Cary D Brown and Kyle D Vann. View Institutional Ownership Trends for Legacy Reserves.
Which institutional investors are buying Legacy Reserves stock?
LGCY stock was bought by a variety of institutional investors in the last quarter, including Virtu Financial LLC. Company insiders that have bought Legacy Reserves stock in the last two years include Baines Creek Capital, Llc and Kyle D Vann. View Insider Buying and Selling for Legacy Reserves.
How do I buy shares of Legacy Reserves?
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' stock price today?
One share of LGCY stock can currently be purchased for approximately $4.39.
How big of a company is Legacy Reserves?
Legacy Reserves has a market capitalization of $311.42 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 ($1.00) on an earnings per share basis. Legacy Reserves employs 331 workers across the globe.
How can I contact Legacy Reserves?
Legacy Reserves' 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 (LGCY)MarketBeat's community ratings are surveys of what our community members think about Legacy Reserves 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.
Legacy Reserves (NASDAQ:LGCY) Earnings History and Estimates Chart
Legacy Reserves (NASDAQ LGCY) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/21/2018||Q4 2017||($0.23)||$137.09 million||View||N/A|
|11/1/2017||Q3 2017||($0.53)||$106.82 million||View||N/A|
|8/4/2017||Q2 2017||($0.20)||($0.19)||$103.40 million||$92.85 million||View||N/A|
|5/3/2017||Q1 2017||($0.26)||$0.16||$102.35 million||$99.55 million||View||N/A|
|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|
|2/25/2015||Q4 2014||$0.11||($0.37)||$138.64 million||$119.61 million||View||N/A|
|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|
|5/6/2014||Q1 2014||$0.25||$0.23||$124.07 million||$125.90 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|
Legacy Reserves (NASDAQ:LGCY) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Legacy Reserves (NASDAQ:LGCY) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Legacy Reserves (NASDAQ LGCY) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 26.70%
Institutional Ownership Percentage: 20.58%
Legacy Reserves (NASDAQ LGCY) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/21/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||192,720||$4.13||$795,933.60|| |
|3/19/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||43,300||$3.95||$171,035.00|| |
|3/16/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||333,000||$3.82||$1,272,060.00|| |
|3/12/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||100,000||$4.07||$407,000.00|| |
|3/8/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||274,000||$4.10||$1,123,400.00|| |
|3/5/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||434,137||$3.96||$1,719,182.52|| |
|3/2/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||210,128||$3.91||$821,600.48|| |
|2/28/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||540,262||$3.52||$1,901,722.24|| |
|2/22/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||112,154||$2.81||$315,152.74|| |
|2/20/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||191,264||$2.47||$472,422.08|| |
|2/16/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||173,306||$2.30||$398,603.80|| |
|2/14/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||374,106||$2.31||$864,184.86|| |
|2/8/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||75,000||$2.22||$166,500.00|| |
|2/6/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||526,000||$2.27||$1,194,020.00|| |
|2/2/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||150,000||$2.28||$342,000.00|| |
|1/31/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||275,000||$2.39||$657,250.00|| |
|1/29/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||100,000||$2.49||$249,000.00|| |
|1/26/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||158,953||$2.51||$398,972.03|| |
|1/24/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||141,986||$2.31||$327,987.66|| |
|1/22/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||121,641||$2.23||$271,259.43|| |
|1/19/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||69,636||$2.10||$146,235.60|| |
|1/16/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||161,000||$2.09||$336,490.00||8,077,930|| |
|1/9/2018||Baines Creek Capital, Llc||Major Shareholder||Buy||92,976||$1.73||$160,848.48||7,914,130|| |
|3/6/2017||Kyle D Vann||Director||Buy||25,000||$2.35||$58,750.00||144,860|| |
|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||80,334|| |
|8/18/2015||Kyle Hammond||COO||Buy||34,255||$5.83||$199,706.65||135,700|| |
|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|| |
Legacy Reserves (NASDAQ LGCY) News Headlines
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Buys 43,300 Shares|
www.americanbankingnews.com - March 21 at 7:32 PM
|Legacy Reserves LP (LGCY) Major Shareholder Acquires $795,933.60 in Stock|
www.americanbankingnews.com - March 21 at 7:14 PM
|Who Are Legacy Reserves’ Biggest Institutional Holders?|
finance.yahoo.com - March 20 at 5:34 PM
|What Do Legacy Reserves’ Technical Indicators Hint At?|
finance.yahoo.com - March 20 at 8:00 AM
|How Does Legacy Reserves’ Leverage Position Look after 4Q17?|
finance.yahoo.com - March 19 at 5:35 PM
|Baines Creek Capital, Llc Purchases 333,000 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - March 16 at 7:16 PM
|Who’s Protected from FERC’s Revised Income Tax Policy?|
finance.yahoo.com - March 15 at 5:29 PM
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Purchases 100,000 Shares|
www.americanbankingnews.com - March 13 at 7:53 PM
|The Reason Behind Legacy Reserves' Rapid Ascent - Seeking Alpha - Seeking Alpha|
seekingalpha.com - March 9 at 9:55 AM
|Insider Buying: Legacy Reserves LP (LGCY) Major Shareholder Acquires 274,000 Shares of Stock|
www.americanbankingnews.com - March 8 at 9:15 PM
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Acquires 210,128 Shares|
www.americanbankingnews.com - March 5 at 6:40 PM
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Buys 434,137 Shares|
www.americanbankingnews.com - March 5 at 6:22 PM
|Legacy Reserves (LGCY) versus Mid-Con Energy Partners (MCEP) Financial Analysis|
www.americanbankingnews.com - March 3 at 11:34 PM
|Baines Creek Capital, Llc Purchases 540,262 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - February 28 at 9:12 PM
|What Kind Of Risk And Return Should You Expect For Legacy Reserves LP (NASDAQ:LGCY)?|
finance.yahoo.com - February 28 at 5:30 PM
|Legacy Reserves LP (LGCY) Receives Consensus Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - February 27 at 1:52 AM
|Legacy Reserves' Strong Expectations - Seeking Alpha|
seekingalpha.com - February 25 at 8:55 AM
|Baines Creek Capital, Llc Acquires 112,154 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - February 23 at 6:32 PM
|Legacy Reserves LP Announces Fourth Quarter and Annual 2017 Results, Updated 2018 Guidance, Dan Westcott's ... - PR Newswire (press release)|
www.prnewswire.com - February 22 at 8:22 AM
|Legacy Reserves LP Announces Fourth Quarter and Annual 2017 Results, Updated 2018 Guidance, Dan Westcott's Promotion to President and Availability of Schedule K-1s|
finance.yahoo.com - February 21 at 5:26 PM
|Insider Buying: Legacy Reserves LP (LGCY) Major Shareholder Purchases 173,306 Shares of Stock|
www.americanbankingnews.com - February 20 at 6:56 PM
|Legacy Reserves LP (LGCY) Major Shareholder Buys $472,422.08 in Stock|
www.americanbankingnews.com - February 20 at 6:56 PM
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Buys 374,106 Shares|
www.americanbankingnews.com - February 14 at 9:29 PM
|Legacy Reserves (LGCY) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - February 14 at 1:44 AM
|Baines Creek Capital, Llc Purchases 75,000 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - February 9 at 6:32 PM
|Legacy Reserves LP Schedules Conference Call to Report Year ... - PR Newswire (press release)|
www.prnewswire.com - February 9 at 7:16 AM
|Legacy Reserves LP Schedules Conference Call to Report Year-End 2017 Results|
finance.yahoo.com - February 9 at 7:16 AM
|Insider Buying: Legacy Reserves LP (LGCY) Major Shareholder Buys 150,000 Shares of Stock|
www.americanbankingnews.com - February 7 at 12:16 AM
|Legacy Reserves LP (LGCY) Major Shareholder Buys $1,194,020.00 in Stock|
www.americanbankingnews.com - February 7 at 12:14 AM
|Legacy Reserves (LGCY) Lowered to "Strong Sell" at ValuEngine|
www.americanbankingnews.com - February 3 at 1:06 PM
|Insider Buying: Legacy Reserves LP (LGCY) Major Shareholder Acquires 275,000 Shares of Stock|
www.americanbankingnews.com - February 1 at 9:30 PM
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Purchases 158,953 Shares|
www.americanbankingnews.com - January 29 at 9:14 PM
|Legacy Reserves LP (LGCY) Sees Large Growth in Short Interest|
www.americanbankingnews.com - January 28 at 2:34 AM
|Baines Creek Capital, Llc Purchases 141,986 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - January 24 at 9:08 PM
|Legacy Reserves LP -- Moody's changes Legacy's PDR to Caa2-PD/LD; negative outlook|
finance.yahoo.com - January 24 at 3:33 PM
|Baines Creek Capital, Llc Purchases 121,641 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - January 22 at 9:22 PM
|Baines Creek Capital, Llc Acquires 69,636 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - January 22 at 9:22 PM
|Legacy Reserves LP (LGCY) Major Shareholder Baines Creek Capital, Llc Acquires 161,000 Shares of Stock|
www.americanbankingnews.com - January 18 at 12:42 PM
|Legacy Reserves LP (LGCY) Short Interest Update|
www.americanbankingnews.com - January 15 at 5:10 AM
|Baines Creek Capital, Llc Buys 92,976 Shares of Legacy Reserves LP (LGCY) Stock|
www.americanbankingnews.com - January 12 at 3:24 PM
|Legacy Reserves (LGCY) and Anadarko Petroleum (APC) Head to Head Comparison|
www.americanbankingnews.com - January 12 at 1:06 PM
|Legacy Reserves LP Announces Expanded Second Lien Term Loan ... - GlobeNewswire (press release)|
globenewswire.com - January 5 at 4:56 PM
|Legacy Reserves LP Announces Expanded Second Lien Term Loan and Increased Senior Notes Ownership|
finance.yahoo.com - January 5 at 9:48 AM
|Should You Worry About Legacy Reserves LP’s (NASDAQ:LGCY) CEO Pay?|
finance.yahoo.com - January 2 at 9:37 AM
|Legacy Reserves (LGCY) Downgraded by ValuEngine to "Strong Sell"|
www.americanbankingnews.com - December 17 at 7:44 AM
|Who Are The Top Investors In Legacy Reserves LP (NASDAQ:LGCY)?|
finance.yahoo.com - December 14 at 5:42 PM
|Does Legacy Reserves LP’s (LGCY) Recent Track Record Look Strong?|
finance.yahoo.com - December 5 at 10:21 AM
|Analyzing Legacy Reserves (LGCY) and The Competition|
www.americanbankingnews.com - November 23 at 5:18 PM
|Top MLP Gainers for Week Ended November 10|
finance.yahoo.com - November 15 at 4:06 AM
|Legacy Reserves (LGCY) & Its Rivals Head to Head Review|
www.americanbankingnews.com - November 9 at 7:10 PM
Legacy Reserves (NASDAQ:LGCY) SEC Filings
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Legacy Reserves (NASDAQ:LGCY) Income Statement, Balance Sheet and Cash Flow Statement
Legacy Reserves (NASDAQ LGCY) Stock Chart for Thursday, March, 22, 2018