Lrr Energy L.P. (NYSE:LRE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a $16.90 price objective on the stock. Zacks‘ target price would suggest a potential upside of 4.26% from the company’s current price.
Separately, analysts at RBC Capital raised their price target on shares of Lrr Energy L.P. from $5.50 to $6.00 in a research note to investors on Wednesday, September 18th. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Lrr Energy L.P. has a consensus rating of “Hold” and an average price target of $16.84.
Shares of Lrr Energy L.P. (NYSE:LRE) traded down 0.30% during mid-day trading on Friday, hitting $16.1611. 29,807 shares of the company’s stock traded hands. Lrr Energy L.P. has a 52-week low of $13.13 and a 52-week high of $20.00. The stock has a 50-day moving average of $15.41 and a 200-day moving average of $15.58. The company’s market cap is $422.9 million.
Lrr Energy L.P. (NYSE:LRE) last announced its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.58. The company had revenue of $41.40 million for the quarter, compared to the consensus estimate of $30.09 million. The company’s quarterly revenue was down 10.5% on a year-over-year basis.
LRR Energy, L.P (NYSE:LRE) is a limited partnership formed by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America.
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