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LRR Energy LP (LRE) [hlAlert]

Rating:
Outperform
LRE
down 68.96 %

LRR Energy LP (LRE) upgraded to Outperform by Wells Fargo

Posted on: Thursday,  Jun 6, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform LRR Energy LP (NYSE: LRE) on 06/06/2013, when the stock price was $13.79. Since
then, LRR Energy LP has lost 68.96% as of 10/05/2016's recent price of $4.28.
If you would have followed this Wells Fargo's recommendation on LRE, you would have lost 68.96% of your investment in 1217 days.

LRR Energy, L.P (LRR Energy) is a limited partnership formed by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. The Company?s properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas. As of March 31, 2011, the Company?s total estimated proved reserves were approximately 30.3 million barrels of oil equivalent (MMBoe), of which approximately 84% were proved developed reserves. During the year ended December 31, 2010, approximately 55% of its pro forma revenues were from oil and natural gas liquids (NGLs) and approximately 37% of its total estimated proved reserves were oil and NGLs. As of March 31, 2011, the Company operated 93% of its proved reserves.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/6/2013 8:25 AM Buy
None
13.79
as of 12/13/2013
1 Week down  -1.29 %
1 Month down  -2.62 %
3 Months up  2.30 %
1 YTD up  15.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2013 8:25 AM Hold
None
18.00

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