Legacy Reserves LP Company Profile (NASDAQ:LGCY)

About Legacy Reserves LP (NASDAQ:LGCY)

Legacy Reserves LP logoLegacy 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
Capitalization:
  • Market Cap: $112.96 million
  • Outstanding Shares: 72,880,000
Average Prices:
  • 50 Day Moving Avg: $1.43
  • 200 Day Moving Avg: $1.60
  • 52 Week Range: $1.08 - $2.77
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 5.00
  • P/E Growth: 2.91
Sales & Book Value:
  • Annual Revenue: $367.53 million
  • Price / Sales: 0.31
  • Book Value: ($6.11) per share
  • Price / Book: -0.25
Profitability:
  • EBITDA: $160.94 million
  • Net Margins: -28.19%
  • Return on Assets: -1.59%
Debt:
  • Debt-to-Equity Ratio: -2.66%
  • Current Ratio: 1.25%
  • Quick Ratio: 1.25%
Misc:
  • 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?

Legacy Reserves LP is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Legacy Reserves LP.

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?

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?

One share of Legacy Reserves LP stock can currently be purchased for approximately $1.55.


MarketBeat Community Rating for Legacy Reserves LP (NASDAQ LGCY)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  163 (Vote Outperform)
Underperform Votes:  242 (Vote Underperform)
Total Votes:  405
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.

Analyst Ratings

Consensus Ratings for Legacy Reserves LP (NASDAQ:LGCY) (How are Consensus Ratings Calculated?)
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)
Price Target History for Legacy Reserves LP (NASDAQ:LGCY)
Analysts' Ratings History for Legacy Reserves LP (NASDAQ:LGCY)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/14/2017Stifel NicolausReiterated RatingSell$1.00HighView Rating Details
5/16/2017FBR & CoReiterated RatingNeutral -> HoldLowView Rating Details
5/15/2017Citigroup Inc.Reiterated RatingNeutral$2.50 -> $2.15LowView Rating Details
3/28/2016Robert W. BairdLower Price TargetOutperform -> Neutral$25.00 -> $9.00N/AView Rating Details
2/18/2016Wells Fargo & CompanyDowngradeMarket Perform -> UnderperformN/AView Rating Details
2/12/2016Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralN/AView Rating Details
12/18/2015Barclays PLCReiterated RatingHoldN/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Legacy Reserves LP (NASDAQ:LGCY)
Earnings by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Earnings History by Quarter for Legacy Reserves LP (NASDAQ LGCY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017N/AView Earnings Details
2/23/2017Q4 2016($0.26)($1.53)$95.56 million$91.59 millionViewN/AView Earnings Details
11/2/2016Q316($0.22)($0.13)$99.04 million$83.50 millionViewN/AView Earnings Details
8/3/2016Q2($0.33)($0.81)$78.32 million$73.40 millionViewN/AView Earnings Details
5/4/2016Q1($0.67)$1.47$83.91 million$65.90 millionViewN/AView Earnings Details
2/24/2016Q4($0.34)($5.06)$102.06 million$79.90 millionViewListenView Earnings Details
11/4/2015Q315($0.22)($1.38)$102.02 million$89.50 millionViewListenView Earnings Details
8/5/2015Q215($0.11)($0.63)$104.61 million$87.80 millionViewListenView Earnings Details
5/6/2015Q115($0.29)($3.39)$102.50 million$81.54 millionViewListenView Earnings Details
10/29/2014Q314$0.13$1.02$156.40 million$149.68 millionViewListenView Earnings Details
7/30/2014Q214$0.32($0.33)$128.87 million$137.10 millionViewN/AView Earnings Details
2/19/2014Q413$0.32($0.82)$126.03 million$122.00 millionViewN/AView Earnings Details
11/4/2013Q313$0.34($0.06)$125.87 million$136.18 millionViewN/AView Earnings Details
8/5/2013Q2 2013$0.30$0.38$116.83 million$118.40 millionViewN/AView Earnings Details
5/6/2013Q1 2013$0.30($0.12)$111.57 million$108.90 millionViewN/AView Earnings Details
2/25/2013Q4 2012$0.37$0.04$89.98 million$90.50 millionViewN/AView Earnings Details
8/1/2012$0.47$1.73ViewN/AView Earnings Details
5/2/2012$0.44$0.15ViewN/AView Earnings Details
2/21/2012$0.51($1.28)ViewN/AView Earnings Details
11/2/2011$0.52$2.87ViewN/AView Earnings Details
8/3/2011$0.46$1.51ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Legacy Reserves LP (NASDAQ:LGCY)
2017 EPS Consensus Estimate: ($0.53)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.23)($0.23)($0.23)
Q2 20171($0.13)($0.13)($0.13)
Q3 20171($0.12)($0.12)($0.12)
Q4 20171($0.05)($0.05)($0.05)
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Legacy Reserves LP (NASDAQ LGCY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/27/2015quarterly$0.1517%11/3/201511/5/201511/13/2015
7/22/2015quarterly$0.3516.99%1/1/20157/31/20158/14/2015
4/21/2015quarterly$0.3510.19%4/29/20155/1/20155/15/2015
1/23/2015quarterly$0.6124.55%1/29/20152/2/20152/13/2015
10/20/2014quarterly$0.6110.71%10/29/201410/31/201411/14/2014
7/22/2014quarterly$0.617.55%7/30/20148/1/20148/14/2014
4/22/2014quarterly$0.609.21%4/30/20145/2/20145/15/2014
1/24/2014quarterly$0.598.71%1/30/20142/3/20142/14/2014
1/24/2014$0.591/30/20142/3/20142/14/2014
10/22/2013quarterly$0.597.98%10/30/201311/1/201311/14/2013
7/22/2013quarterly$0.588.29%7/30/20138/1/20138/14/2013
4/22/2013quarterly$0.588.33%4/30/20135/2/20135/15/2013
1/22/2013quarterly$0.579.03%1/30/20132/1/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Legacy Reserves LP (NASDAQ:LGCY)
Insider Ownership Percentage: 26.70%
Institutional Ownership Percentage: 20.64%
Insider Trades by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Institutional Ownership by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Insider Trades by Quarter for Legacy Reserves LP (NASDAQ:LGCY)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/6/2017Kyle D VannDirectorBuy25,000$2.35$58,750.00View SEC Filing  
2/27/2017Cary D BrownDirectorSell93,146$10.23$952,883.58View SEC Filing  
10/1/2015Kyle D VannDirectorBuy25,000$4.17$104,250.00View SEC Filing  
8/18/2015Kyle HammondCOOBuy34,255$5.83$199,706.65View SEC Filing  
12/19/2014Kyle D VannDirectorBuy5,330$18.56$98,924.80View SEC Filing  
12/9/2014Cary D BrownCEOBuy19,931$16.40$326,868.40View SEC Filing  
6/17/2014Dale A BrownDirectorBuy200,000$25.00$5,000,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Legacy Reserves LP (NASDAQ:LGCY)
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Chart

Legacy Reserves LP (LGCY) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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