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

LRR Energy, L.P. (NASDAQ:LRE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.34 and traded as high as $1.3701. LRR Energy shares last traded at $1.29, with a volume of 6,118 shares.

Wall Street Analyst Weigh In

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

LRR Energy Stock Down 9.9%

The firm has a fifty day simple moving average of $1.30 and a two-hundred day simple moving average of $1.34.

LRR Energy (NASDAQ:LRE) last posted its quarterly earnings data on Friday, June 19th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $12.72 million for 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).