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

LRR Energy, L.P. (NASDAQ:LRE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.31 and traded as high as $1.35. LRR Energy shares last traded at $1.33, with a volume of 6,932 shares traded.

Wall Street Analyst Weigh In

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, According to MarketBeat.com, LRR Energy has an average rating of “Sell”.

LRR Energy Trading Down 1.5%

The company has a fifty day moving average of $1.31 and a 200-day moving average of $1.31.

LRR Energy (NASDAQ:LRE) last released its quarterly earnings results on Friday, June 19th. The oil and gas producer reported ($0.11) EPS for the quarter. The company 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).