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Enter Symbol:
Rating: LGCY
Hold $6

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

Wednesday,  Oct 14, 2015  8:25 AM ET by Dave Ficere

Wunderlich downgraded Legacy Reserves Lp (NASDAQ: LGCY) to Hold with price
target $6. Previously Wunderlich rated Buy with price target $14 Legacy Reserves Lp (NASDAQ: LGCY) on 06/15/2015, when the stock price was $8.55.

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.



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