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

down 79.27 %

Legacy Reserves Lp (LGCY) rated Buy with price target $31 by Global Hunter Securities

Posted on: Thursday,  Nov 1, 2012  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Buy Legacy Reserves Lp (NASDAQ: LGCY) on 11/01/2012. Previously Global Hunter Securities rated Accumulate Legacy Reserves Lp (NASDAQ: LGCY)
on 04/17/2012., when the stock price was $28.27. Since then, Legacy Reserves Lp has lost 79.27% as of 01/27/2016's recent price of $5.86.
If you would have followed the previous Global Hunter Securities's recommendation on LGCY, you would have lost 79.27% of your investment in 1380 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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/1/2012 9:25 AM Buy
27.79 31.00
as of 12/31/2012
1 Week up  2.05 %
1 Month down  -3.25 %
3 Months down  -17.44 %
1 YTD down  -14.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2012 9:25 AM Buy
28.27 31.00

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