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

Rating:
Hold LGCY
down 47.36 %

Legacy Reserves Lp (LGCY) downgraded to Hold with price target $6 by Wunderlich

Posted on: Wednesday,  Oct 14, 2015  8:25 AM ET by Wunderlich

Wunderlich rated Hold Legacy Reserves Lp (NASDAQ: LGCY) on 10/14/2015. Previously Wunderlich rated Buy Legacy Reserves Lp (NASDAQ: LGCY) on 06/15/2015.,
when the stock price was $8.55. Since then, Legacy Reserves Lp has lost 47.37% as of 10/14/2015's recent price of $4.50.
If you would have followed the previous Wunderlich's recommendation on LGCY, you would have lost 47.36% of your investment in 121 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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2015 8:25 AM Hold
None
4.50 6.00
as of 8/27/2015
1 Week down  -25.82 %
1 Month down  -39.46 %
3 Months down  -49.78 %
1 YTD down  -38.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/15/2015 8:25 AM Buy
None
8.55 14.00
10/6/2014 8:25 AM Buy
None
27.41 31.00
2/20/2014 9:25 AM Hold
None
26.06 26.00
10/23/2013 8:25 AM Buy
None
28.96 31.00
3/4/2011 1:25 PM Buy
None
31.64 33.00
12/30/2010 8:25 AM Buy
None
28.36 31.00
6/25/2010 8:25 AM Buy
None
23.45 27.00
9/23/2009 8:25 AM Buy
None
16.92 21.00
8/7/2009 8:25 AM Buy
None
14.68 17.00
6/26/2009 8:25 AM Buy
None
13.12 15.00
4/24/2009 9:25 AM Hold
None
12.94 13.00
3/9/2009 10:25 AM Buy
None
7.99 10.00
2/3/2009 8:25 AM Buy
None
12.45 14.00
1/23/2009 9:25 AM Hold
None
11.75 11.50
12/24/2008 8:25 AM Buy
None
8.01 11.00

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