Lrr Energy L.P. Rating Increased to Outperform at Zacks (LRE)
Lrr Energy L.P. (NYSE:LRE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $19.40 price objective on the stock. Zacks‘s price objective suggests a potential upside of 8.26% from the stock’s previous close.
LRE has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Lrr Energy L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Analysts at Bank of America initiated coverage on shares of Lrr Energy L.P. in a research note on Monday, May 5th. They set an “underperform” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.57.
Shares of Lrr Energy L.P. (NYSE:LRE) traded up 0.39% during mid-day trading on Tuesday, hitting $17.92. 75,909 shares of the company’s stock traded hands. Lrr Energy L.P. has a 1-year low of $13.41 and a 1-year high of $18.45. The stock’s 50-day moving average is $17.34 and its 200-day moving average is $17.24. The company’s market cap is $476.5 million.
Lrr Energy L.P. (NYSE:LRE) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.11. The company had revenue of $26.02 million for the quarter, compared to the consensus estimate of $31.96 million. During the same quarter last year, the company posted ($0.32) earnings per share. Lrr Energy L.P.’s revenue was up 46.3% compared to the same quarter last year. Analysts expect that Lrr Energy L.P. will post $1.02 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.
To view Zacks’ full report, visit Zacks’ official website.
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.