LRR Energy, L.P. Announces Increased Quarterly Cash Distribution, 2013 Guidance and Conference Call to Report 2012 Fourth Quarter and Year End Results
HOUSTON--(BUSINESS WIRE)--Jan. 18, 2013-- LRR Energy, L.P. (NYSE: LRE) (“LRR Energy”) announced today that the Board of Directors of its general partner declared an increased cash distribution for the fourth quarter of 2012 of $0.4800 per outstanding unit, or $1.92 on an annualized basis. The distribution will be paid on February 14, 2013, to all unitholders of record as of the close of business on January 30, 2013.
Lrr Energy L.P. (NYSE: LRE) was downgraded by analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating. They now have a $21.00 price target on the stock, down previously from $22.00. 12.2% Upside.