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Stock Market & Financial Investment News

News Breaks
January 24, 2014
16:04 EDTLGCYLegacy Reserves boosts distribution .5c to 59c per unit
Legacy Reserves announced that the board of its general partner has approved a cash distribution attributable to Q4 of 59c per unit, payable on February 14, to unitholders of record at the close of business on February 3. This quarterly distribution is a .5c increase from the prior quarter and represents an annualized distribution of $2.36 per unit
News For LGCY From The Last 14 Days
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October 31, 2014
10:00 EDTLGCYOn The Fly: Analyst Downgrade Summary
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06:35 EDTLGCYLegacy Reserves downgraded to Outperform from Top Pick at RBC Capital
RBC Capital downgraded Legacy Reserves to Outperform following mixed Q3 results citing lower crude oil price headwinds. Price target lowered to $28 from $36.
October 30, 2014
08:39 EDTLGCYLegacy Reserves removed from Stifel Select List at Stifel
Stifel removed Legacy Reserves from its Select List after lowering its long-term oil price forecast to $80 per barrel from $90 per barrel. However, the firm continues to believe that the company has a number of long-term positive catalysts, and it reiterates a Buy rating on the shares. Target to $27 from $33.
October 29, 2014
16:21 EDTLGCYLegacy Reserves reports Q3 EPS $1.02, may not compare to consensus 18c
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