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Shares of QR Energy (NYSE:QRE) hit a new 52-week high during mid-day trading on Wednesday , American Banking and Market News reports. The company traded as high as $20.99 and last traded at $20.97, with a volume of 239,262 shares. The stock had previously closed at $20.72.

A number of analysts have recently weighed in on QRE shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of QR Energy in a research note on Tuesday, July 29th. They now have a $21.50 price target on the stock, up previously from $18.00. Separately, analysts at Wunderlich upgraded shares of QR Energy from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $24.50 price target on the stock, up previously from $18.00. Finally, analysts at Zacks upgraded shares of QR Energy from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $21.60 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.93.

The stock’s 50-day moving average is $19.65 and its 200-day moving average is $18.40. The company’s market cap is $1.359 billion.

QR Energy (NYSE:QRE) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($1.05) earnings per share for the quarter, missing the analysts’ 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. QR Energy’s revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that QR Energy will post $1.22 earnings per share 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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