Lrr Energy L.P. Declares Quarterly Dividend of $0.49 (LRE)
Lrr Energy L.P. (NYSE:LRE) announced a quarterly dividend on Friday, January 17th, Analyst Ratings Network reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.49 per share on Friday, February 14th. This represents a $1.96 annualized dividend and a dividend yield of 11.38%.
Several analysts have recently commented on 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 Monday, January 6th. They now have a $19.40 price target on the stock. On the ratings front, analysts at Wunderlich initiated coverage on shares of Lrr Energy L.P. in a research note to investors on Friday, November 22nd. They set a “hold” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.88.
Shares of Lrr Energy L.P. (NYSE:LRE) traded up 0.43% on Friday, hitting $17.335. 45,818 shares of the company’s stock traded hands. Lrr Energy L.P. has a one year low of $13.13 and a one year high of $19.20. The stock’s 50-day moving average is $16.67 and its 200-day moving average is $15.9. The company has a market cap of $453.6 million and a P/E ratio of 32.81.
Lrr Energy L.P. (NYSE:LRE) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.27. The company had revenue of $25.19 million for the quarter, compared to the consensus estimate of $30.96 million. During the same quarter last year, the company posted $0.53 earnings per share. Lrr Energy L.P.’s revenue was up 111.9% compared to the same quarter last year. Analysts expect that Lrr Energy L.P. will post $0.81 EPS for the current fiscal year.
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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