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Last $7.81 USD
Change Today -0.68 / -8.01%
Volume 653.7K
LGCY On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

legacy reserves lp (LGCY) Snapshot

Open
$8.34
Previous Close
$8.49
Day High
$8.40
Day Low
$7.78
52 Week High
08/11/14 - $31.43
52 Week Low
07/6/15 - $7.70
Market Cap
540.5M
Average Volume 10 Days
415.5K
EPS TTM
$-2.83
Shares Outstanding
69.2M
EX-Date
07/29/15
P/E TM
--
Dividend
$1.40
Dividend Yield
24.58%
Current Stock Chart for LEGACY RESERVES LP (LGCY)

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legacy reserves lp (LGCY) Details

Legacy Reserves LP owns and operates oil and natural gas properties in the United States. As of December 31, 2014, the company owned interests in producing oil and natural gas properties in 665 fields comprising 11,121 gross productive wells, including 3,919 operated and 7,202 non-operated wells located in the Permian Basin, Texas Panhandle, Wyoming, North Dakota, Montana, the Piceance Basin of Colorado, Oklahoma, and other states. It had proved reserves of approximately 139.0 million barrels of crude oil equivalent. Legacy Reserves GP, LLC serves as the general partner of the company. Legacy Reserves LP was founded in 2005 and is headquartered in Midland, Texas.

300 Employees
Last Reported Date: 02/27/15
Founded in 2005

legacy reserves lp (LGCY) Top Compensated Officers

Chief Executive Officer of Legacy Reserves GP...
Total Annual Compensation: $659.1K
Executive Chairman of of Legacy Reserves GP L...
Total Annual Compensation: $1.1M
Chief Financial Officer of Legacy Reserves GP...
Total Annual Compensation: $617.4K
Chief Development Officer of Legacy Reserves ...
Total Annual Compensation: $634.7K
Vice President of Legacy Reserves Gp Llc, Gen...
Total Annual Compensation: $379.8K
Compensation as of Fiscal Year 2014.

legacy reserves lp (LGCY) Key Developments

Legacy Reserves LP Declares Cash Distribution for the Second Quarter of 2015 and Preferred Distribution Payable on August 14, 2015 and August 17, 2015 Respectively

Legacy Reserves LP announced that the Board of Directors of its general partner has approved a cash distribution attributable to the second quarter of 2015 of $0.35 per unit, payable on August 14, 2015, to unitholders of record at the close of business on July 31, 2015. Legacy's general partner also declared a cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667 per unit payable on August 17, 2015 to preferred unitholders of record on August 3, 2015.

Legacy Reserves LP - Special Call

To provide additional context for this definitive agreements to develop Legacy's Permian Basin Acreage

Legacy Reserves LP and TPG Special Situations Partners Sign Definitive Agreements to Jointly Develop Legacy's Permian Basin Acreage

The operating subsidiary of Legacy Reserves LP announced that it has entered into an agreement with funds managed by TPG Special Situations Partners to fund horizontal development of certain of Legacy's Spraberry, Wolfcamp and Bone Spring rights in the Permian Basin. The primary acreage covered by the arrangement is approximately 6,000 net acres in Howard, Reagan, and Crockett Counties, Texas and Lea County, New Mexico, on which Legacy estimates there are over 150 horizontal locations requiring over $700 million of capital deployment net to the Legacy and TSSP interests. Under the terms of the agreement, Legacy will convey to TSSP an undivided 87.5% of Legacy's working interest in the covered oil and gas properties subject to re-assignment, reversion and other adjustments. Legacy and TSSP will establish tranches of proposed horizontal locations, with TSSP funding 95% of Legacy's drilling and completion costs and receiving 87.5% of certain of Legacy's interests in any wells in such tranche until it achieves a 1.0x return on investment.

 

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LGCY

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Valuation LGCY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 4.4x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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