Lrr Energy L.P. (LRE) Posts Quarterly Earnings Results, Misses Estimates By $0.27 EPS
Lrr Energy L.P. (NYSE:LRE) posted its quarterly earnings results on Friday. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.27, Stock Ratings Network.com reports. The company had revenue of $25.19 million for the quarter, compared to the consensus estimate of $30.96 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 111.9% on a year-over-year basis.
A number of research firms have recently commented on LRE. Analysts at UBS AG initiated coverage on shares of Lrr Energy L.P. in a research note to investors on Tuesday, October 15th. They set a “buy” rating on the stock. On the ratings front, 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. Finally, 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.18.
Shares of Lrr Energy L.P. (NYSE:LRE) opened at 16.48 on Friday. Lrr Energy L.P. has a 52-week low of $13.13 and a 52-week high of $19.37. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $15.5. The company’s market cap is $431.2 million.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.49 per share. This represents a $1.95 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend is Tuesday, October 29th. This is a positive change from Lrr Energy L.P.’s previous quarterly dividend of $0.49.
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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