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

Neutral LGCY
up 0.18 %

Legacy Reserves Lp (LGCY) downgraded to Neutral with price target $31 by Robert W. Baird

Posted on: Tuesday,  Apr 30, 2013  8:25 AM ET by Robert W. Baird

Robert W. Baird rated Neutral Legacy Reserves Lp (NASDAQ: LGCY) on 04/30/2013. Previously Robert W. Baird rated Outperform Legacy Reserves Lp (NASDAQ: LGCY)
on 11/22/2011., when the stock price was $26.50. Since then, Legacy Reserves Lp has gained 0.19% as of 04/30/2013's recent price of $26.55.
If you would have followed the previous Robert W. Baird's recommendation on LGCY, you would have gained 0.18% of your investment in 525 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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2013 8:25 AM Hold
26.55 31.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  11.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/22/2011 8:25 AM Buy
26.50 31.00
10/31/2011 8:25 AM Hold
29.31 31.00
2/24/2011 8:25 AM Buy
30.59 33.00

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