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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:55 EDTWPX, LGCYLegacy Reserves partnership with WPX Energy positive, says Wells Fargo
After Legacy Reserves (LGCY) announced that it had formed a strategic alliance with WPX Energy (WPX), Wells Fargo thinks the deal increases the visibility of future dropdowns by Legacy. The firm also believes that the deal highly incentivizes WPX to sell assets to Legacy, and it keeps an Outperform rating on Legacy.
News For LGCY;WPX From The Last 14 Days
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December 19, 2014
10:17 EDTLGCYOn The Fly: Analyst Downgrade Summary
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09:46 EDTLGCYLegacy Reserves downgraded to Neutral from Overweight at JPMorgan
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December 17, 2014
16:35 EDTLGCYLegacy Reserves downgraded to Sector Perform from Outperform at RBC Capital
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December 16, 2014
10:16 EDTLGCYHigh option volume stocks:
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09:23 EDTWPXWPX Energy upgraded to Focus List from Outperform at Howard Weil
07:23 EDTLGCYLegacy Reserves downgraded to Neutral from Outperform at RW Baird
Baird slashed upstream MLP estimates across the board given the collapse in crude oil prices. The firm believes upstream MLPs will be forced to cut distributions based on when debt covenants are tripped if oil prices do not rally. Baird expects the new oil paradigm to last for the foreseeable future and downgraded Legacy Reserves to Neutral and lowered its price target to $9 from $25.
December 15, 2014
11:04 EDTLGCYEnergy MLPs downgraded at Oppenheimer
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10:58 EDTLGCYLegacy Reserves downgraded to Perform from Outperform at Oppenheimer
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December 8, 2014
11:44 EDTLGCYBreitBurn Energy, Legacy Reserves, Mid-Con Energy downgraded at Wells Fargo
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11:36 EDTLGCYLegacy Reserves downgraded to Market Perform from Outperform at Wells Fargo

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