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Shares of Long Run Exploration (TSE:LRE) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the company, Analyst Ratings.Net reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$7.21.

Shares of Long Run Exploration (TSE:LRE) traded up 2.54% on Thursday, hitting $5.65. The stock had a trading volume of 243,999 shares. Long Run Exploration has a one year low of $3.63 and a one year high of $6.09. The stock’s 50-day moving average is $5.59 and its 200-day moving average is $5.29. The company has a P/E ratio of 22.04.

Long Run Exploration (TSE:LRE) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.05.

The company also recently announced a may 14 dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.0335 per share. This represents a dividend yield of 7.12%. The ex-dividend date is Wednesday, May 28th.

A number of analysts have recently weighed in on LRE shares. Analysts at TD Securities initiated coverage on shares of Long Run Exploration in a research note on Monday, June 2nd. They set a “buy” rating and a C$7.50 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Long Run Exploration to C$8.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial reiterated an “outperform” rating on shares of Long Run Exploration in a research note on Wednesday, May 21st. They now have a C$8.00 price target on the stock.

Long Run Exploration, Ltd. is an intermediate oil company focused on light-oil development and exploration in western Canada.

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