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QR Energy (NYSE:QRE) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They currently have a $22.60 price target on the stock. Zacks‘s target price would suggest a potential upside of 9.13% from the company’s current price.

Several other analysts have also recently commented on the stock. 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 Credit Suisse initiated coverage on shares of QR Energy in a research note on Friday, July 25th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. QR Energy has an average rating of “Hold” and an average target price of $21.10.

Shares of QR Energy (NYSE:QRE) traded up 2.32% on Monday, hitting $21.19. The stock had a trading volume of 384,005 shares. QR Energy has a one year low of $16.10 and a one year high of $21.00. The stock’s 50-day moving average is $19.76 and its 200-day moving average is $18.44. The company’s market cap is $1.377 billion.

QR Energy (NYSE:QRE) last released its earnings data on Thursday, July 24th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up 8.7% on a year-over-year basis. 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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