LRR Energy (NASDAQ:LRE) Stock Falls 1.4% – Time to Sell?

LRR Energy, L.P. (NASDAQ:LRE) traded down 1.4% on Wednesday. The company traded as low as $1.1003 and last traded at $1.1140. Approximately 3,471 shares changed hands during trading, a decline of 41% from the average session volume of 5,870 shares. The stock had previously closed at $1.13.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of LRR Energy in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

LRR Energy Stock Performance

The company has a fifty day simple moving average of $1.13 and a 200-day simple moving average of $1.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.20 and a current ratio of 0.20.

LRR Energy (NASDAQ:LRE) last released its earnings results on Friday, August 14th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $47.16 million during the quarter.

LRR Energy Company Profile

LRR Energy, L.P. was an independent oil and natural gas company focused on acquiring, developing and operating mature, producing properties in the United States. Its activities centered on the exploration, production and development of crude oil, natural gas and natural gas liquids. The company’s assets were primarily located in the Permian Basin of West Texas and New Mexico and the Mid-Continent region, including properties in Oklahoma and Kansas. LRR Energy emphasized assets with established production and opportunities to improve recovery through development, workovers and operational efficiencies.