Analyst Price Target is $10.40
▲ +6.43% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Legacy Reserves in the last 3 months. The average price target is $10.40, with a high forecast of $10.80 and a low forecast of $10.00. The average price target represents a 6.43% upside from the last price of $9.77.
Current Consensus is
Buy
The current consensus among 2 polled investment analysts is to buy stock in Legacy Reserves.
Legacy Reserves Inc., an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. It focuses on the horizontal development of unconventional plays in the Permian Basin and the management of shallow-decline oil and natural gas wells in the regions of Permian Basin, East Texas, Rocky Mountain, and Mid-Continent. As of December 31, 2018, the company had proved reserves of approximately 164.9 million barrels of crude oil equivalent covering natural gas, as well as oil and natural gas liquids. Legacy Reserves Inc. was founded in 2005 and is based in Midland, Texas.
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