UPDATE: Stifel Upgrades LRR Energy LP On Good Investment Opportunity

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In a report published Monday, Stifel analyst Brian Brungardt Jr. upgraded the rating on
LRR Energy LPLRE
from Hold to Buy, and named an $18.50 price target. In the report, Stifel noted, “We are transferring coverage from our colleague Dan Guffey and raising our rating to Buy from Hold. We believe investors stand to benefit from management's focus on acquiring long-lived, low-risk properties, and we expect the partnership to continue to evaluate assets from LRR, Lime Rock Resources, and third parties. We highlight the recent Stroud Prue Sand Unit acquisition as the partnership's first third-party acquisition.” LRR Energy LP closed on Friday at $17.69.
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Posted In: Analyst ColorUpgradesAnalyst RatingsBrian Brungardt Jr.Stifel
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