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Stock Market & Financial Investment News

News Breaks
January 22, 2013
19:26 EDTLGCYLegacy Reserves increases quarterly distribution to 57c per unit
Legacy Reserves announced that the board of its general partner has approved a cash distribution attributable to 4Q12 of 57c per unit, payable on February 14 to unitholders of record at the close of business on February 1. This quarterly distribution is a 0.5c increase from the prior quarter and represents an annualized distribution of $2.28 per unit. On a year-over-year basis, Legacy's quarterly distribution has increased 3.6%.
News For LGCY From The Last 14 Days
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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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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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