Hey Jahvik,
Hard to believe it has gotten this cheap, even with current $WTIC and $NATGAS prices.
From 2008 through 2014, LGCY had an annual dividend yield average of $2.17, which makes the current PPS significantly lower than just the divi yield from just a couple of years ago.
Legacy Reserves had an average five year yield of 25% and had the highest divi yield on the entire NASDAQ at one point before $WTIC crashed.
Based on the current O/S of 72,055,697 common units @ $1.50 a unit, Legacy has a current market capitalization of $108,084,000.
With an O/S of 57,405,000 as of June 2014 @ a market close of around $25 per unit at the time, LGCY had a market cap of roughly $1,435,000,000.
That makes LGCY cheap at these levels in my mind, even with a challenged commodity environment.
Institutional ownership is 20.27% as of November 3rd 2016.
The number of units held or increased by institutional investors in the last three months total 13,899,597 units.
The number of units disposed of by institutional investors total 807,787.
The recently announced relationship between LGCY and the new funder and the recently appointed director, will be a positive for LGCY unit holder’s longer term.
IMO and FWIW.
News 
Market Data 
Discover 
