LRR Energy (NASDAQ:LRE) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

LRR Energy, L.P. (NASDAQ:LRE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.34 and traded as high as $1.39. LRR Energy shares last traded at $1.34, with a volume of 9,375 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of LRR Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LRR Energy presently has a consensus rating of “Sell”.

LRR Energy Stock Down 1.1%

The firm’s fifty day moving average price is $1.29 and its 200-day moving average price is $1.34.

LRR Energy (NASDAQ:LRE) last released its earnings results on Friday, June 19th. The oil and gas producer reported ($0.11) earnings per share for the quarter. The business had revenue of $12.72 million during the quarter.

LRR Energy Company Profile

LRR Energy, L.P. (LRR Energy) operates, acquires, exploits and develops producing oil and natural gas properties in North America. The Company’s properties consist of onshore oil and natural gas properties. Its oil and natural gas properties include the Permian Basin region in West Texas and Southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas, and the Gulf Coast region in Texas. As of December 31, 2014, the Company’s total estimated proved reserves were approximately 33.8 million barrels of oil equivalent (MMBoe), of which approximately 88% were proved developed reserves (approximately 73% proved developed producing and approximately 15% proved developed non-producing).