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Last $5.29 USD
Change Today -0.56 / -9.57%
Volume 409.1K
LRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

lrr energy lp (LRE) Snapshot

Open
$5.57
Previous Close
$5.85
Day High
$5.85
Day Low
$5.28
52 Week High
09/2/14 - $19.95
52 Week Low
07/27/15 - $5.22
Market Cap
172.2M
Average Volume 10 Days
280.7K
EPS TTM
$2.09
Shares Outstanding
28.1M
EX-Date
07/29/15
P/E TM
2.5x
Dividend
$0.75
Dividend Yield
25.80%
Current Stock Chart for LRR ENERGY LP (LRE)

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lrr energy lp (LRE) Details

LRR Energy, L.P., through its subsidiary, LRE Operating, LLC, operates, acquires, exploits, and develops producing oil and natural gas properties in North America. It holds interests in various properties located in the Permian Basin region in west Texas and southeast New Mexico; the Mid-Continent region in Oklahoma and east Texas; and the Gulf Coast region in Texas. As of December 31, 2014, the company had total estimated proved reserves of approximately 33.8 million barrels of oil equivalent. LRE GP, LLC serves as the general partner of the company. The company was founded in 2011 and is based in Houston, Texas.

Founded in 2011

lrr energy lp (LRE) Top Compensated Officers

Co-Chief Executive Officer of LRE GP LLC and ...
Total Annual Compensation: $96.4K
Chairman of LRE GP LLC and Co-Chief Executive...
Total Annual Compensation: $85.1K
Chief Financial Officer of LRE GP LLC and Vic...
Total Annual Compensation: $500.0K
Chief Operating Officer of LRE GP LLLC and Ex...
Total Annual Compensation: $125.0K
Chief Engineer of LRE GP LLLC and Senior Vice...
Total Annual Compensation: $130.5K
Compensation as of Fiscal Year 2014.

lrr energy lp (LRE) Key Developments

LRR Energy, L.P. Announces Cash Distribution for the Second Quarter of 2015, Payable on August 14, 2015

LRR Energy, L.P. announced that the Board of Directors of its general partner declared a cash distribution for the second quarter of 2015 of $0.1875 per outstanding unit, or $0.75 on an annualized basis. The distribution will be paid on August 14, 2015, to all unitholders of record as of the close of business on July 31, 2015.

LRR Energy, L.P. to Report Q2, 2015 Results on Jul 30, 2015

LRR Energy, L.P. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 30, 2015

Faruqi & Faruqi, LLP Files Class Action Lawsuit against LRR Energy, L.P

Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of Texas, case no. 4:15-cv-02017, on behalf of unitholders of LRR Energy, L.P. (LRR Energy or the Company) who held (and continue to hold) LRR Energy securities acquired on or before April 20, 2015. On April 20, 2015, the Company entered into a purchase agreement and plan of merger under which Vanguard Natural Resources, LLC (Vanguard) will acquire all of the outstanding units of LRR Energy through Vanguard's wholly owned subsidiary Lighthouse Merger Sub, LLC (Merger Sub). The unit-for-unit transaction is valued at approximately $251 million, with Vanguard assuming LRR Energy's net debt of $288 million. The vote on the proposed transaction is currently scheduled for September 10, 2015. The complaint charges LRR Energy, its Board of Directors, Vanguard, and Merger Sub with violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934. Pursuant to the terms of the Merger Agreement, which was unanimously approved by the Company's Board of Directors LRR Energy unitholders will receive a fixed exchange ratio of 0.55 Vanguard units for each common unit of LRR Energy they own. LRR Energy and Vanguard claim that this exchange ratio amounts to a deal consideration of $8.93 per LRR Energy common unit, based on Vanguard's closing price of $16.23 on April 20, 2015. However, Vanguard units are currently trading at significantly lower prices, closing at $13.56 on July 14, 2015. The complaint alleges that the S-4 Registration Statement (the ‘S-4’) filed with the Securities and Exchange Commission on June 3, 2015 (amended on July 9, 2015) provided materially incomplete and misleading disclosures, thereby violating Sections 14(a) and 20(a) of the Exchange Act.

 

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LRE:US $5.29 USD -0.56

LRE Competitors

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Company Last Change
Abraxas Petroleum Corp $1.88 USD -0.16
Approach Resources Inc $3.89 USD -0.20
Gastar Exploration Inc $1.70 USD +0.02
Mid-Con Energy Partners LP $3.12 USD -0.35
PrimeEnergy Corp $56.00 USD -2.25
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Industry Analysis

LRE

Industry Average

Valuation LRE Industry Range
Price/Earnings 8.4x
Price/Sales 1.4x
Price/Book 1.0x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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