LEGACY RESERVES LP REP LTD PARTN (LGCY)

Overview Price 29.15 Price Change Today 0.00 (0.00%) P&P rating Zacks Rank 3 - HOLD Open Price $0.00 Previous Close $29.15 Daily Range $0.00 - $0.00 52-Week Range $22.00 - $33.71 Volume 0 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. Other Resources for LGCY Detailed Quote Earnings Estimates Company Report Interactive Chart Commentary Zacks Blog: Zacks Releases Four Powerful ''Buy'' Stocks: Omega Protein, Legacy Reserves LP, Deckers Outdoor and The Ensign Group March 9, 2011 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.   Brokerage Analyst Recommendations 7 Brokerage Firms Covering LGCY   Strong Buy 4 Buy 2 Hold 1 Sell 0 Strong Sell 0 Average Broker Recommendation (ABR): 1.57   LGCY Ratings: BUY  SELL  HOLD LGCY Consensus Forecasts

Rate this Stock! You haven't rated this stock yet! Ticker Call Buy Sell Analysis Time Frame Week or Less Week to a Month One to Three Months Three to Six Months Six Months to a Year One to Three Years Three Plus Years What The Community Thinks Total Players 5 Buy 0 Sell   Top Buy Analysis BUY: LGCY Company: LEGACY RESERVES LP - UNITS REPRESENT Points: 22.33 Start Price: $20.80 Start Date: 01/13/2010 10:32 PM brennanjh P&P Score: 61.77 Recs: mod growth & high dividend Comments: 0 | Comment More Recent Analysis Top Sell Analysis No Sell Analysis. Be the First. More Recent Analysis

Blog Posts

User	User Score	Date	Title	Comments	Last Comment
Zacks_Analysts	0.00	01/11/10	St. Mary Offloads Rocky Holdings - Analyst Blog	0

Commentary

BUY: LEGACY RESERVES LP - UNITS REPRESENT (LGCY) Start Price: $30.68 Points: -7.27 Created: 03/09/2011 ZACKS Profit from the Pros, Growth & Income Legacy Reserves LP By: Todd Bunton March 09, 2011 | Comments: 0 Recommended this article (0) LGCY Print Share Investors looking for both strong earnings growth and a big yield should check out Legacy Reserves LP (LGCY - Snapshot Report). The company is expected to grow earnings by 182% in 2011 and pays a distribution that yields a hefty 6.6%. Valuation is attractive too, with shares sporting a PEG ratio of 0.78. It is a Zacks #2 Rank (Buy) stock. Company Description Legacy Reserves LP is an independent oil and natural gas limited partnership. It is headquartered in Midland, Texas and has a market cap of $1.4 billion. Fourth Quarter Results On March 2, Legacy reported its results for the fourth quarter of 2010. Revenue surged 18.0% from the prior quarter as production volume increase from 9,804 to 10,337 barrels of oil equivalent per day. Average realized oil prices climbed 12% to $78.93 per barrel, up from $70.21 per barrel in Q3. Meanwhile, operating income was up 82.1% over the same period as the company was able to leverage its fixed expenses. Adjusted EBITDA, a good measure of cash flow, increased 11.2%. Adjusted net income per unit came in at 29 cents, falling 2 cents shy of the Zacks Consensus Estimate. Estimates Rising Despite the earnings miss, analysts have been raising their estimates since the company reported Q4 results. The Zacks Consensus Estimate for 2011 is $1.80, representing 182% growth over 2010 earnings. The 2012 estimate is $1.96 per unit, representing 9% growth. It is a Zacks #2 Rank (Buy) stock. 6.6% Yield Legacy increased its quarterly distribution to $0.525 per unit in early 2011, which marked its first increase July 2008. It currently yields an impressive 6.6%. PEG Ratio Below 1.0 Valuation is attractive with shares trading at 17.4x forward earnings, a discount to the industry average of 22.7x. Its PEG ratio is just 0.78. Comments: 0 | Comment 2win Recs:

BUY: LEGACY RESERVES LP - UNITS REPRESENT (LGCY) Start Price: $20.80 Points: +22.33 Created: 01/13/2010 mod growth & high dividend Comments: 0 | Comment brennanjh Recs:

BUY: LEGACY RESERVES LP - UNITS REPRESENT (LGCY) Start Price: $15.60 Points: +52.70 Created: 08/12/2009 Another Great Stock with a wonderful dividend plus plenty of upside Comments: 0 | Comment martin.myers Recs:

BUY: LEGACY RESERVES LP - UNITS REPRESENT (LGCY) Start Price: $21.97 Points: +25.37 Created: 07/25/2008 Comments: 0 | Comment FlyWhiteGuy Recs:

BUY: LEGACY RESERVES LP - UNITS REPRESENT (LGCY) Start Price: $23.93 Points: +20.92 Created: 06/18/2008 Comments: 0 | Comment LeveneOMurray Recs:

Picks

Username	P&P Score	Call	Time Frame	Start Date	Start Price	Today (change)	Stock Gain	S&P Gain	Points	Analysis
2win	0.33	BUY	Three to Six Months	03/09/2011	$30.68	$29.18 (+0.29%)	-4.87%	+2.40%	-7.27	view close
brennanjh	61.77	BUY	Six Months to a Year	01/13/2010	$20.80	$29.18 (+0.29%)	+40.31%	+17.98%	+22.33	view close
martin.myers		BUY	Three Plus Years	08/12/2009	$15.60	$29.18 (+0.29%)	+87.08%	+34.39%	+52.70	view close
FlyWhiteGuy	63.05	BUY	Week to a Month	07/25/2008	$21.97	$29.18 (+0.29%)	+32.84%	+7.47%	+25.37
LeveneOMurray	0.45	BUY	Week or Less	06/18/2008	$23.93	$29.18 (+0.29%)	+21.96%	+1.04%	+20.92