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QR Energy (NYSE:QRE) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Friday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about 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. Separately, 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.94.

Shares of QR Energy (NYSE:QRE) opened at 20.15 on Friday. QR Energy has a 52-week low of $16.10 and a 52-week high of $20.85. The stock’s 50-day moving average is $18.5 and its 200-day moving average is $18.02. The company’s market cap is $1.307 billion.

QR Energy (NYSE:QRE) last released its earnings data on Thursday, July 24th. The company reported ($1.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $1.36. The company had revenue of $133.30 million for the quarter, compared to the consensus estimate of $130.30 million. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that QR Energy will post $1.13 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.

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