Legacy Reserves LP (NASDAQ:LGCY) announced its quarterly earnings data on Wednesday. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30), reports.

COPYRIGHT VIOLATION WARNING: “Legacy Reserves LP (LGCY) Releases Earnings Results, Misses Estimates By $0.30 EPS” was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://theolympiareport.com/2017/11/01/legacy-reserves-lp-lgcy-releases-earnings-results-misses-estimates-by-0-30-eps.html.

A number of brokerages have recently commented on LGCY. ValuEngine raised shares of Legacy Reserves from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Legacy Reserves from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “sell” rating and issued a $1.00 price objective on shares of Legacy Reserves in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1.88.

Legacy Reserves Company Profile

Legacy 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.

Earnings History for Legacy Reserves (NASDAQ:LGCY)

Receive News & Ratings for Legacy Reserves LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legacy Reserves LP and related companies with Analyst Ratings Network's FREE daily email newsletter.