LRR Energy (NASDAQ:LRE) Announces Earnings Results

LRR Energy (NASDAQ:LRE) announced its earnings results on Thursday. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, reports. The firm had revenue of $42.18 million for the quarter.

LRR Energy Stock Up 2.8%

Shares of LRE stock opened at $1.09 on Thursday. LRR Energy has a one year low of $1.00 and a one year high of $1.89. The company has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of LRR Energy in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LRR Energy has a consensus rating of “Sell”.

LRR Energy Company Profile

LRR Energy, L.P. was an independent oil and natural gas company focused on acquiring, developing and operating producing properties in the United States. Its activities included the exploration, development and production of crude oil, natural gas and natural gas liquids from mature, onshore assets.

The company’s portfolio was concentrated in U.S. oil and gas regions, including properties in the Permian Basin and other producing areas. LRR Energy emphasized assets with established production and opportunities for additional development through drilling, workovers and operational improvements.

LRR Energy became a publicly traded master limited partnership on the Nasdaq under the symbol LRE in 2011.