About Legacy Reserves LP (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:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: N/A
- Symbol: NASDAQ:LGCY
- CUSIP: N/A
- Web: www.legacylp.com
- Market Cap: $112.96 million
- Outstanding Shares: 72,880,000
- 50 Day Moving Avg: $1.43
- 200 Day Moving Avg: $1.60
- 52 Week Range: $1.08 - $2.77
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 5.00
- P/E Growth: 2.91
- Annual Revenue: $367.53 million
- Price / Sales: 0.31
- Book Value: ($6.11) per share
- Price / Book: -0.25
- EBITDA: $160.94 million
- Net Margins: -28.19%
- Return on Assets: -1.59%
- Debt-to-Equity Ratio: -2.66%
- Current Ratio: 1.25%
- Quick Ratio: 1.25%
- Average Volume: 170,758 shs.
- Beta: 2.5
- Short Ratio: 7.67
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) issued its quarterly earnings results on Thursday, February, 23rd. The company reported ($1.53) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.26) by $1.27. The firm earned $91.59 million during the quarter, compared to analysts' expectations of $95.56 million. Legacy Reserves LP's revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($5.06) earnings per share. View Legacy Reserves LP's Earnings History.
When will Legacy Reserves LP make its next earnings announcement?
Where is Legacy Reserves LP's stock going? Where will Legacy Reserves LP's stock price be in 2017?
3 equities research analysts have issued 12-month target prices for Legacy Reserves LP's stock. Their forecasts range from $1.00 to $2.50. On average, they expect Legacy Reserves LP's stock price to reach $1.88 in the next twelve months. 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. 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 LP's key competitors?
Some companies that are related to Legacy Reserves LP include Gulf Keystone Petroleum Limited (GKP), Falcon Oil & Gas Ltd (FOG), Earthstone Energy (ESTE), Earthstone Energy (ESTE), Approach Resources (AREX), Exillon Energy Plc (EXI), SandRidge Permian Trust (PER), Eland Oil & Gas PLC (ELA), Enduro Royalty Trust (NDRO), Aminex plc (AEX), Pantheon Resources Plc (PANR), LRR Energy LP (LRE), Bellatrix Exploration Ltd (BXE), UK Oil & Gas Investments PLC (UKOG), Transglobe Energy Corp (TGA), Contango Oil & Gas Company (MCF), Rockhopper Exploration Plc (RKH) and Jones Energy (JONE).
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
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?
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.
One share of Legacy Reserves LP stock can currently be purchased for approximately $1.55.
Consensus Ratings for Legacy Reserves LP (NASDAQ:LGCY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.67)|
|Consensus Price Target: ||$1.88 (21.51% upside)|Consensus Price Target History for Legacy Reserves LP (NASDAQ:LGCY)
Analysts' Ratings History for Legacy Reserves LP (NASDAQ:LGCY)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/14/2017||Stifel Nicolaus||Reiterated Rating||Sell||$1.00||High|
|5/16/2017||FBR & Co||Reiterated Rating||Neutral -> Hold||Low|
|5/15/2017||Citigroup Inc.||Reiterated Rating||Neutral||$2.50 -> $2.15||Low|
|3/28/2016||Robert W. Baird||Lower Price Target||Outperform -> Neutral||$25.00 -> $9.00||N/A|
|2/18/2016||Wells Fargo & Company||Downgrade||Market Perform -> Underperform||N/A|
|2/12/2016||Ladenburg Thalmann Financial Services||Downgrade||Buy -> Neutral||N/A|
|12/18/2015||Barclays PLC||Reiterated Rating||Hold||N/A|
Earnings History for Legacy Reserves LP (NASDAQ:LGCY)Earnings History by Quarter for Legacy Reserves LP (NASDAQ LGCY)
(Data available from 1/1/2011 forward)
|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|
Earnings Estimates for Legacy Reserves LP (NASDAQ:LGCY)
2017 EPS Consensus Estimate: ($0.53)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Legacy Reserves LP (NASDAQ LGCY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Legacy Reserves LP (NASDAQ:LGCY)
Insider Ownership Percentage: 26.70%Insider Trades by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Institutional Ownership Percentage: 20.64%
(Data available from 1/1/2013 forward)
|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|| |
Headline Trends for Legacy Reserves LP (NASDAQ:LGCY)
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Legacy Reserves LP (LGCY) Chart for Sunday, October, 22, 2017