QR Energy LP Declares Sep 14 Dividend of $0.16 (QRE)
QR Energy (NYSE:QRE) announced a sep 14 dividend on Thursday, August 28th, Analyst Ratings News reports. Shareholders of record on Tuesday, September 9th will be paid a dividend of 0.1625 per share on Monday, September 15th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of QR Energy from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $22.60 price target on the stock. On the ratings front, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.10.
Shares of QR Energy (NYSE:QRE) traded up 0.09% during mid-day trading on Thursday, hitting $21.26. 305,646 shares of the company’s stock traded hands. QR Energy has a one year low of $16.10 and a one year high of $21.52. The stock has a 50-day moving average of $19.94 and a 200-day moving average of $18.5. The company’s market cap is $1.381 billion.
QR Energy (NYSE:QRE) last posted its quarterly earnings results 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 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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