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

Rating:
Underweight
LGCY
up 330.71 %

Legacy Reserves Lp (LGCY) downgraded to Underweight by JP Morgan

Posted on: Monday,  Mar 24, 2014  8:25 AM ET by JP Morgan

JP Morgan rated Underweight Legacy Reserves Lp (NASDAQ: LGCY) on 03/24/2014, when the stock price was $25.24. Since
then, Legacy Reserves Lp has lost 76.78% as of 01/27/2016's recent price of $5.86.
If you would have followed this JP Morgan's recommendation on LGCY, you would have gained 330.71% of your investment in 674 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2014 8:25 AM Sell
None
25.24
as of 10/17/2014
1 Week down  -3.54 %
1 Month up  24.63 %
3 Months up  26.83 %
1 YTD up  10.77 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/9/2013 8:25 AM Hold
None
25.66

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