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Investment analysts at Wunderlich boosted their target price on shares of LRR Energy (NYSE:LRE) from $18.00 to $20.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Wunderlich’s price objective would suggest a potential upside of 3.31% from the stock’s previous close.

LRR Energy (NYSE:LRE) traded down 0.44% on Wednesday, hitting $19.275. 8,897 shares of the company’s stock traded hands. LRR Energy has a one year low of $14.85 and a one year high of $20.11. The stock has a 50-day moving average of $18.50 and a 200-day moving average of $17.69. The company’s market cap is $529.1 million.

LRR Energy (NYSE:LRE) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 57.9% on a year-over-year basis. Analysts expect that LRR Energy will post $0.51 EPS for the current fiscal year.

LRE has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. downgraded shares of LRR Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 5th. Analysts at Zacks downgraded shares of LRR Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $21.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.06.

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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