LRR Energy (NASDAQ:LRE) Stock Price Down 1.4% – Here’s Why

LRR Energy, L.P. (NASDAQ:LRE) fell 1.4% on Wednesday. The stock traded as low as $1.1003 and last traded at $1.1140. 3,471 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 5,870 shares. The stock had previously closed at $1.13.

Wall Street Analyst Weigh In

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

LRR Energy Price Performance

The company’s fifty day moving average price is $1.13 and its two-hundred day moving average price is $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 announced its earnings results on Friday, August 14th. The oil and gas producer reported $0.23 EPS for the quarter. The business had revenue of $47.16 million for 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.