QR Energy LP Coverage Initiated at UBS AG (QRE)
Equities researchers at UBS AG started coverage on shares of QR Energy LP (NYSE:QRE) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Separately, analysts at Oppenheimer downgraded shares of QR Energy LP from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, August 8th. They now have a $23.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.67.
QR Energy LP (NYSE:QRE) opened at 16.46 on Tuesday. QR Energy LP has a 52-week low of $14.76 and a 52-week high of $20.99. The stock’s 50-day moving average is $16.51 and its 200-day moving average is $16.98. The company’s market cap is $1.065 billion.
QR Energy LP (NYSE:QRE) last released its earnings data on Wednesday, August 7th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.61. The company had revenue of $105.40 million for the quarter, compared to the consensus estimate of $109.13 million. On average, analysts predict that QR Energy LP will post $1.18 earnings per share for the current fiscal year.
QR Energy, LP (NYSE:QRE) owns and acquires producing oil and natural gas properties in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.