RBC Capital Increases Lrr Energy L.P. Price Target to $6.00 (LRE)
Research analysts at RBC Capital hoisted their target price on shares of Lrr Energy L.P. (NYSE:LRE) from $5.50 to $6.00 in a report released on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would indicate a potential downside of 60.99% from the stock’s previous close.
Shares of Lrr Energy L.P. (NYSE:LRE) traded up 0.52% during mid-day trading on Wednesday, hitting $15.38. 84,840 shares of the company’s stock traded hands. Lrr Energy L.P. has a 1-year low of $13.13 and a 1-year high of $20.08. The stock has a 50-day moving average of $15.12 and a 200-day moving average of $15.68. The company’s market cap is $402.5 million.
Lrr Energy L.P. (NYSE:LRE) last released its earnings data 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. On average, analysts predict that Lrr Energy L.P. will post $1.05 earnings per share for the current fiscal year.
Separately, analysts at Robert W. Baird cut their price target on shares of Lrr Energy L.P. (NYSE:LRE) from $17.00 to $14.00 in a research note to investors on Monday, July 8th. They now have a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.83.
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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