UBS AG Initiates Coverage on Lrr Energy L.P. (LRE)
Equities researchers at UBS AG began coverage on shares of Lrr Energy L.P. (NYSE:LRE) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Lrr Energy L.P. (NYSE:LRE) opened at 16.49 on Tuesday. Lrr Energy L.P. has a 1-year low of $13.13 and a 1-year high of $19.83. The stock’s 50-day moving average is $15.65 and its 200-day moving average is $15.52. The company’s market cap is $431.5 million.
Lrr Energy L.P. (NYSE:LRE) last issued its quarterly 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. Analysts expect that Lrr Energy L.P. will post $1.05 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Lrr Energy L.P. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $16.90 price target on the stock. 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 research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $16.84.
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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