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
Average Prices:
  • 52 Week Range: $1.08 - $2.77
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
Profitability:
  • 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:
  • Beta: 2.45
 

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) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by $1.27. The firm earned $91.59 million during the quarter, compared to analysts' expectations of $95.56 million. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($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 brokerages have issued twelve-month price objectives for Legacy Reserves LP's shares. Their forecasts range from $1.00 to $2.50. On average, they expect Legacy Reserves LP's share price to reach $1.88 in the next year. 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

Who owns Legacy Reserves LP stock?

Legacy Reserves LP's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (14.64%), Prescott Group Capital Management L.L.C. (0.00%), California Public Employees Retirement System (0.26%), Oppenheimer & Co. Inc. (0.13%) and Raymond James Financial Services Advisors Inc. (0.00%). Company insiders that own Legacy Reserves LP stock include Cary D Brown and Kyle D Vann. View Institutional Ownership Trends for Legacy Reserves LP.

Who sold Legacy Reserves LP stock? Who is selling Legacy Reserves LP stock?

Legacy Reserves LP's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Legacy Reserves LP.

Who bought Legacy Reserves LP stock? Who is buying Legacy Reserves LP stock?

Legacy Reserves LP's stock was acquired by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc. and Prescott Group Capital Management L.L.C.. View Insider Buying and Selling for Legacy Reserves LP.

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 $1.36.


MarketBeat Community Rating for Legacy Reserves LP (NASDAQ LGCY)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  159 (Vote Outperform)
Underperform Votes:  238 (Vote Underperform)
Total Votes:  397
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 (38.48% upside)

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
10/21/2015Bank of America CorporationDowngradeNeutral -> Underperform$12.00 -> $4.00N/AView Rating Details
10/14/2015WunderlichDowngradeBuy -> Hold$13.00 -> $6.00N/AView Rating Details
(Data available from 9/25/2015 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
10/31/2017N/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: 10.20%
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)
Latest Headlines for Legacy Reserves LP (NASDAQ:LGCY)
Source:
DateHeadline
americanbankingnews.com logoZacks: Analysts Expect Legacy Reserves LP (LGCY) to Post -$0.12 EPS
www.americanbankingnews.com - September 6 at 2:06 AM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - September 5 at 4:32 PM
americanbankingnews.com logoValuEngine Lowers Legacy Reserves LP (LGCY) to Strong Sell
www.americanbankingnews.com - September 2 at 11:14 PM
seekingalpha.com logoThe Legacy Reserves Arbitrage
seekingalpha.com - September 1 at 2:24 AM
reuters.com logoLegacy Reserves LP (LGCY.O)
www.reuters.com - August 28 at 8:06 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - August 11 at 4:52 PM
americanbankingnews.com logoContrasting EXCO Resources NL (XCO) & Legacy Reserves (NASDAQ:LGCY)
www.americanbankingnews.com - August 10 at 8:22 PM
finance.yahoo.com logoLegacy Reserves LP :LGCY-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017
finance.yahoo.com - August 10 at 2:10 AM
seekingalpha.com logoLegacy Reserves: A Big Transformation - Seeking Alpha
seekingalpha.com - August 6 at 6:47 PM
seekingalpha.com logoLegacy Reserves' (LGCY) CEO Paul Horne on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 4 at 12:03 AM
finance.yahoo.com logoEdited Transcript of LGCY earnings conference call or presentation 3-Aug-17 2:00pm GMT
finance.yahoo.com - August 4 at 12:03 AM
feeds.benzinga.com logoLegacy Reserves LP Announces Second Quarter 2017 Results, Acceleration Payment to TSSP, Amended and Restated Joint Development Agreement, Updated Financial Guidance and Increased Capital Budget
feeds.benzinga.com - August 2 at 9:29 PM
americanbankingnews.com logo Brokerages Expect Legacy Reserves LP (NASDAQ:LGCY) Will Announce Earnings of -$0.19 Per Share
www.americanbankingnews.com - July 31 at 10:31 AM
americanbankingnews.com logoSRC Energy (SRCI) and Legacy Reserves (LGCY) Critical Comparison
www.americanbankingnews.com - July 29 at 8:20 AM
americanbankingnews.com logoLegacy Reserves LP (NASDAQ:LGCY) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - July 27 at 12:59 PM
seekingalpha.com logoExamining Legacy Reserves Ahead Of Q2 Earnings - Seeking Alpha
seekingalpha.com - July 26 at 10:00 PM
globenewswire.com logoLegacy Reserves LP Schedules Conference Call to Report Second ... - GlobeNewswire (press release)
globenewswire.com - July 20 at 12:16 AM
finance.yahoo.com logoLegacy Reserves LP Schedules Conference Call to Report Second Quarter 2017 Results
finance.yahoo.com - July 20 at 12:16 AM
americanbankingnews.com logoLegacy Reserves LP (NASDAQ:LGCY) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - July 17 at 4:52 PM
americanbankingnews.com logoStifel Nicolaus Reiterates "Sell" Rating for Legacy Reserves LP (NASDAQ:LGCY)
www.americanbankingnews.com - July 15 at 7:30 AM
americanbankingnews.com logo$104.41 Million in Sales Expected for Legacy Reserves LP (LGCY) This Quarter
www.americanbankingnews.com - July 9 at 10:23 AM
americanbankingnews.com logoLegacy Reserves LP (NASDAQ:LGCY) Expected to Post Earnings of -$0.18 Per Share
www.americanbankingnews.com - July 7 at 8:11 AM
seekingalpha.com logoKiss Legacy Reserves LP Adieu
seekingalpha.com - July 3 at 7:53 PM
nasdaq.com logoSeaDrill Extends Credit Facility for North Atlantic Drilling - Nasdaq.com - Nasdaq
www.nasdaq.com - June 30 at 1:03 AM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: Baker Hughes, Viper Energy Partners, Jagged Peak Energy, Legacy Reserves and W&T Offshore
finance.yahoo.com - June 28 at 7:55 PM
nasdaq.com logoUS Rig Count Up for 23rd Week, Oklahoma Leads the Way - Nasdaq
www.nasdaq.com - June 28 at 6:58 AM
nasdaq.com logoJones Energy to Divest Non-Core Properties in Arkoma Basin - Nasdaq
www.nasdaq.com - June 27 at 11:28 PM
seekingalpha.com logoLegacy Reserves: Over 20% Yield, Maturing December 2020
seekingalpha.com - June 22 at 12:34 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Rating Lowered to Strong Sell at ValuEngine
www.americanbankingnews.com - June 20 at 11:40 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 20 at 4:30 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Expected to Announce Quarterly Sales of $104.41 Million
www.americanbankingnews.com - June 15 at 12:50 PM
seekingalpha.com logoA Terrible Week For Legacy Reserves - Seeking Alpha
seekingalpha.com - June 15 at 2:08 AM
finance.yahoo.com logoWPX Teams Up With Howard Energy to Form JV in Delaware Basin
finance.yahoo.com - June 14 at 10:52 AM
finance.yahoo.com logoWhy Legacy Reserves (LGCY) Could Shock the Market Soon
finance.yahoo.com - June 13 at 6:00 PM
finance.yahoo.com logoUS Rig Count Increases for 21 Straight Weeks
finance.yahoo.com - June 13 at 6:00 PM
americanbankingnews.com logo Brokerages Anticipate Legacy Reserves LP (LGCY) Will Post Earnings of -$0.18 Per Share
www.americanbankingnews.com - June 13 at 7:32 AM
finance.yahoo.com logo74% of Analysts Call Tesoro Logistics a ‘Buy’
finance.yahoo.com - June 12 at 3:34 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Downgraded by Stifel Nicolaus
www.americanbankingnews.com - June 8 at 2:52 PM
seekingalpha.com logoLegacy Reserves: Still Cheap - Seeking Alpha
seekingalpha.com - May 24 at 6:18 PM
finance.yahoo.com logoOthers Overlooked Legacy Reserves (LGCY), Should You Buy It Now?
finance.yahoo.com - May 19 at 10:50 AM
americanbankingnews.com logoFBR & Co Brokers Increase Earnings Estimates for Legacy Reserves LP (LGCY)
www.americanbankingnews.com - May 18 at 8:02 AM
americanbankingnews.com logo-$0.21 Earnings Per Share Expected for Legacy Reserves LP (LGCY) This Quarter
www.americanbankingnews.com - May 16 at 2:16 PM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Given Hold Rating at FBR & Co
www.americanbankingnews.com - May 16 at 11:34 AM
americanbankingnews.com logoLegacy Reserves LP (LGCY) Receives "Neutral" Rating from Citigroup Inc
www.americanbankingnews.com - May 15 at 3:50 PM
finance.yahoo.com logoLegacy Reserves LP :LGCY-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 5:53 PM
seekingalpha.com logoLegacy Reserves' (LGCY) CEO Paul Horne on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 11:17 PM
seekingalpha.com logoLegacy Reserves Is Doing A Great Job - Seeking Alpha
seekingalpha.com - May 4 at 11:28 PM
finance.yahoo.com logoEdited Transcript of LGCY earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:28 PM
americanbankingnews.com logoPositive News Coverage Extremely Likely to Affect Legacy Reserves (LGCY) Stock Price
www.americanbankingnews.com - May 4 at 2:26 PM
finance.yahoo.com logoInvestor Network: Legacy Reserves LP to Host Earnings Call
finance.yahoo.com - May 4 at 11:57 AM

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Chart

Legacy Reserves LP (LGCY) Chart for Monday, September, 25, 2017

This page was last updated on 9/25/2017 by MarketBeat.com Staff