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Legacy Reserves Lp (LGCY) [hlAlert]

Rating:
Equal Weight
LGCY
down 77.17 %

Legacy Reserves Lp (LGCY) rated Equal Weight with price target $3 by Barclays

Posted on: Wednesday,  Sep 30, 2015  1:25 PM ET by Barclays

Barclays rated Equal Weight Legacy Reserves Lp (NASDAQ: LGCY) on 09/30/2015. Previously Barclays rated Overweight Legacy Reserves Lp (NASDAQ: LGCY) on
02/12/2013., when the stock price was $25.67. Since then, Legacy Reserves Lp has lost 77.17% as of 01/27/2016's recent price of $5.86.
If you would have followed the previous Barclays's recommendation on LGCY, you would have lost 77.17% of your investment in 1079 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.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/30/2015 1:25 PM Buy
None
3.85 3.00
as of 8/27/2015
1 Week down  -25.82 %
1 Month down  -39.46 %
3 Months down  -49.78 %
1 YTD down  -79.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2013 12:25 PM Buy
None
26.94 30.00
2/12/2013 3:25 PM Buy
None
25.67 29.00

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