QR Energy LP (QRE) Declares Jul 14 Dividend of $0.16
QR Energy (NYSE:QRE) declared a jul 14 dividend on Friday, June 27th, Analyst Ratings.Net reports. Shareholders of record on Wednesday, July 9th will be given a dividend of 0.1625 per share on Tuesday, July 15th.
A number of research firms have recently commented on QRE. Analysts at TheStreet downgraded shares of QR Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. On a related note, analysts at Citigroup Inc. cut their price target on shares of QR Energy from $20.00 to $19.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. Finally, analysts at Wunderlich downgraded shares of QR Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. They now have a $18.00 price target on the stock, down previously from $20.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.71.
Shares of QR Energy (NYSE:QRE) traded up 0.65% during mid-day trading on Friday, hitting $18.6299. The stock had a trading volume of 17,072 shares. QR Energy has a one year low of $14.76 and a one year high of $18.95. The stock has a 50-day moving average of $17.85 and a 200-day moving average of $17.73. The company’s market cap is $1.209 billion.
QR Energy (NYSE:QRE) last released its earnings data on Wednesday, May 7th. The company reported ($2.86) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $3.16. The company had revenue of $122.60 million for the quarter, compared to the consensus estimate of $126.09 million. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that QR Energy will post $1.12 EPS for the current fiscal year.
QR Energy, LP (NYSE:QRE) is engaged in the acquisition, exploitation, development and production of oil and natural gas properties, and the Company’s business activities are conducted through OLLC, its wholly owned subsidiary.
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.