Share on StockTwits

QR Energy (NYSE:QRE) posted its quarterly earnings results on Thursday. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $1.36, AR Network reports. The company had revenue of $133.30 million for the quarter, compared to the consensus estimate of $130.30 million. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.

Several analysts have recently commented on the stock. 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 the ratings front, 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 equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.67.

Shares of QR Energy (NYSE:QRE) traded up 9.54% on Thursday, hitting $20.67. 2,628,216 shares of the company’s stock traded hands. QR Energy has a 52 week low of $16.10 and a 52 week high of $19.07. The stock has a 50-day moving average of $18.37 and a 200-day moving average of $17.98. The company’s market cap is $1.341 billion.

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.