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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.

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