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Enter Symbol:
 
Legacy Reserves Lp (LGCY) [hlAlert]

Rating:
Outperform
LGCY
down 72.94 %

Legacy Reserves Lp (LGCY) rated Outperform with price target $34 by RBC Capital Mkts

Posted on: Thursday,  Jan 6, 2011  9:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Outperform Legacy Reserves Lp (NASDAQ: LGCY) on 01/06/2011. Previously RBC Capital Mkts rated Buy Legacy Reserves Lp (NASDAQ: LGCY)
on 08/09/2007., when the stock price was $21.66. Since then, Legacy Reserves Lp has lost 72.95% as of 01/27/2016's recent price of $5.86.
If you would have followed the previous RBC Capital Mkts's recommendation on LGCY, you would have lost 72.94% of your investment in 3093 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2011 9:25 AM Buy
None
28.80 34.00
as of 12/30/2011
1 Week down  -1.70 %
1 Month up  5.29 %
3 Months up  8.82 %
1 YTD down  -1.67 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/18/2010 8:25 AM Buy
None
24.40 26.00
8/9/2007 9:25 AM Buy
None
21.66

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