LRR Energy raises quarterly cash distribution to 49.25c per unit LRR Energy announced that the Board of Directors of its general partner declared an increased cash distribution for the first quarter of 49.25c per outstanding unit, or $1.97 on an annualized basis. The distribution will be paid on May 15 to all unitholders of record as of the close of business on April 30. The declaration represents the seventh consecutive increase to LRR Energy’s quarterly distribution.
LRR Energy downgraded to Neutral from Buy at UBS UBS downgraded LRR Energy to Neutral from Buy to reflect the real-time adjustment in valuation for upstream MLP's following the recent decline in crude prices. The firm lowered its price target on the stock to $14 from $20.