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Legacy Reserves Lp (LGCY) [hlAlert]

Rating:
Buy LGCY
down 69.12 %

Legacy Reserves Lp (LGCY) rated Buy with price target $33 by Stifel Nicolaus

Posted on: Thursday,  Oct 18, 2012  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Legacy Reserves Lp (NASDAQ: LGCY) on 10/18/2012. Previously Stifel Nicolaus rated Buy Legacy Reserves Lp (NASDAQ: LGCY) on
02/01/2008., when the stock price was $18.98. Since then, Legacy Reserves Lp has lost 69.13% as of 01/27/2016's recent price of $5.86.
If you would have followed the previous Stifel Nicolaus's recommendation on LGCY, you would have lost 69.12% of your investment in 2917 days.

Legacy Reserves LP (Legacy) is an independent oil and natural gas company focused on the acquisition and exploitation of oil and natural gas properties primarily located in the Permian Basin and Mid-continent regions of the United States. The Company has two activities: the acquisition of producing oil and natural gas properties, and the development of producing properties. As of December 31, 2008, the Company had proved reserves of approximately 30.8 million barrels of oil equivalent (MMBoe), of which 68% were oil and natural gas liquids and 89% were classified as proved developed producing, 2% were proved developed non-producing, and 9% were proved undeveloped. On October 1, 2008, the Company completed the acquisition of 100% membership interests of Pantwist, LLC from Cano Petroleum, Inc.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/18/2012 8:25 AM Buy
None
29.71 33.00
as of 12/31/2012
1 Week up  2.05 %
1 Month down  -3.25 %
3 Months down  -17.44 %
1 YTD down  -15.72 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/29/2010 8:25 AM Buy
None
26.20 30.00
2/1/2008 8:25 AM Buy
None
18.98 24.00

(*) Stock Price at the time of the recommendation.
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