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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.

To view Zacks’ full report, visit Zacks’ official website.

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