Last $22.79 USD
Change Today -1.37 / -5.67%
Volume 815.3K
LGCY On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

legacy reserves lp (LGCY) Snapshot

Open
$24.14
Previous Close
$24.16
Day High
$24.34
Day Low
$22.06
52 Week High
07/24/14 - $32.61
52 Week Low
10/15/14 - $18.67
Market Cap
1.5B
Average Volume 10 Days
966.8K
EPS TTM
$0.66
Shares Outstanding
67.7M
EX-Date
10/29/14
P/E TM
34.5x
Dividend
$2.44
Dividend Yield
10.44%
Current Stock Chart for LEGACY RESERVES LP (LGCY)

Related News

No related news articles were found.

legacy reserves lp (LGCY) Related Businessweek News

No Related Businessweek News Found

legacy reserves lp (LGCY) Details

Legacy Reserves LP owns and operates oil and natural gas properties in the United States. As of December 31, 2013, the company owned interests in producing oil and natural gas properties in 664 fields comprising 8,071 gross productive wells, including 3,734 operated and 4,337 non-operated wells located in the Permian Basin, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states. It had proved reserves of approximately 87.6 million barrels of crude oil equivalent. The company has a strategic alliance with WPX Energy, Inc. 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.

254 Employees
Last Reported Date: 02/21/14
Founded in 2005

legacy reserves lp (LGCY) Top Compensated Officers

Executive Chairman of Legacy Reserves Gp Llc,...
Total Annual Compensation: $1.0M
Chief Financial Officer of Legacy Reserves GP...
Total Annual Compensation: $580.4K
Chief Operating Officer of Legacy Reserves Gp...
Total Annual Compensation: $603.6K
Chief Development Officer of Legacy Reserves ...
Total Annual Compensation: $582.6K
Vice President of Legacy Reserves Gp Llc, Gen...
Total Annual Compensation: $335.2K
Compensation as of Fiscal Year 2013.

legacy reserves lp (LGCY) Key Developments

Legacy Reserves LP Announces Cash Distributions on Common and Preferred Stock, Payable on November 14, 2014 and Payable on November 17, 2014 Respectively

Legacy Reserves LP announced that the Board of Directors of its general partner has approved a cash distribution attributable to the third quarter of 2014 of $0.61 per unit, payable on November 14, 2014, to unit holders of record at the close of business on October 31, 2014. This quarterly distribution is 4.3% higher than the comparable period's distribution in 2013. The company 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 November 17, 2014 to preferred unit holders of record on November 3, 2014.

Legacy Reserves Mulls Acquisitions

Legacy Reserves LP (NasdaqGS:LGCY) is seeking acquisitions. Legacy Reserves will sell 10 million units in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The net proceeds of the offer will be used to funding future acquisitions.

Legacy Reserves LP Declares Preferred Distributions Payable on October 15, 2014

Legacy Reserves LP announced that its general partner has declared a monthly 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 October 15, 2014 to unitholders of record on October 1, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LGCY:US $22.79 USD -1.37

LGCY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Atlas Resource Partners LP $16.82 USD -0.56
EV Energy Partners LP $32.54 USD -0.45
Exterran Partners LP $28.26 USD +0.12
Memorial Production Partners LP $21.48 USD -0.26
Stone Energy Corp $23.47 USD -2.65
View Industry Companies
 

Industry Analysis

LGCY

Industry Average

Valuation LGCY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 3.0x
Price/Cash Flow 11.1x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LEGACY RESERVES LP, please visit www.legacylp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.