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QR Energy (NYSE:QRE) has been given an average rating of “Hold” by the ten analysts that are presently covering the stock, Analyst Ratings Net reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.10.

QR Energy (NYSE:QRE) opened at 21.73 on Wednesday. QR Energy has a 52-week low of $16.10 and a 52-week high of $21.98. The stock has a 50-day moving average of $20.24 and a 200-day moving average of $18.6. The company’s market cap is $1.412 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.

The company also recently announced a sep 14 dividend, which is scheduled for Monday, September 15th. Stockholders of record on Tuesday, September 9th will be paid a dividend of $0.1625 per share. This represents a dividend yield of 9.02%. The ex-dividend date is Friday, September 5th.

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, August 25th. They now have a $22.60 price target on the stock. Separately, 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.

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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