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Lrr Energy L.P. (NYSE:LRE) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday. They currently have a $21.30 price target on the stock. Zacks‘s price objective would indicate a potential upside of 17.68% from the company’s current price.

Several other analysts have also recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.66.

Lrr Energy L.P. (NYSE:LRE) opened at 18.10 on Friday. Lrr Energy L.P. has a 1-year low of $14.67 and a 1-year high of $20.11. The stock has a 50-day moving average of $18.04 and a 200-day moving average of $17.48. The company’s market cap is $481.3 million.

Lrr Energy L.P. (NYSE:LRE) last released its earnings data on Thursday, July 31st. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.57. The company had revenue of $30.68 million for the quarter, compared to the consensus estimate of $32.96 million. During the same quarter last year, the company posted $0.78 earnings per share. Lrr Energy L.P.’s revenue was down 57.9% compared to the same quarter last year. On average, analysts predict that Lrr Energy L.P. will post $1.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date of this dividend is Tuesday, July 29th.

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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